SHENANDOAH TELECOMMUNICATIONS CO/VA/ Q3 FY25 Results
SHENQ3 FY25 ResultsAnnounced Oct 29, 2025, 08:00 AM| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 89.80 | 1.4% | 2.5% |
| Total Income | 89.80 | 1.4% | 2.5% |
| Expenditure | 96.96 | 0.7% | 5.6% |
| PBT | -12.36 | 2.1% | 80.4% |
| Net Profit | -10.91 | 3.4% | 58.1% |
| OPM | -7.98% | 2.31pp | 3.21pp |
| NPM | -12.15% | 0.25pp | 4.28pp |
| EPS | -0.20 | 5.3% | 53.9% |
Shenandoah Telecommunications Reports Q3 2025 Results
04 May 2026 · 4 May, 8:38 am
Summary
Shenandoah Telecommunications Company reported a 2.5% increase in total revenue for the third quarter of 2025, reaching $89.8 million. Glo Fiber Expansion Markets revenue saw significant growth of 41.1%, contributing $21.3 million to the total. The company's adjusted EBITDA grew by 11.8% to $29.7 million, with an adjusted EBITDA margin expansion to 33%. The net loss from continuing operations was $9.4 million. The company reiterates its 2025 financial guidance with total revenue between $352 million and $357 million and adjusted EBITDA between $113 million and $118 million.
Key Highlights
- 1
Glo Fiber Expansion Markets revenue grew 41.1% compared to the third quarter of 2024, reaching $21.3 million.
- 2
Total revenue increased by 2.5% compared to the third quarter of 2024, amounting to $89.8 million.
- 3
The company's net loss from continuing operations was $9.4 million, compared to $5.3 million in the third quarter of 2024.
- 4
Adjusted EBITDA grew 11.8% compared to the third quarter of 2024, reaching $29.7 million.
- 5
Adjusted EBITDA margin expanded from 30% in the third quarter of 2024 to 33% in the third quarter of 2025.
- 6
The company constructed 20,000 Glo Fiber passings and added approximately 5,800 new Glo Fiber customers in the third quarter.
- 7
Total Glo Fiber passings and subscribers were 400,000 and approximately 83,000 as of September 30, 2025.
Management Comments
Ed McKay
We are pleased to see our business scaling with Adjusted EBITDA margin expansion from 27% in the second quarter of 2024, following our Horizon acquisition, to 33% in the third quarter of 2025. We also delivered another strong quarter for Glo Fiber with revenue and subscribers growing 41% over the same period in 2024 and passings increasing 21,000 sequentially from the second quarter of 2025 to over 400,000.
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