| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 987.50 | 236.0% |
| Total Income | 987.50 | 236.0% |
| Expenditure | 876.60 | 491.5% |
| PBT | -69.70 | 1005.2% |
| Net Profit | -70.30 | 676.2% |
| OPM | 11.23% | 38.34pp |
| NPM | -7.12% | 11.27pp |
| EPS | -0.34 | 525.0% |
Uniti Group Inc. Reports Q1 2026 Results: Revenue $987.5 Million
11 May 2026 · 11 May, 5:46 pm
Summary
Uniti Group Inc. reported its first quarter 2026 results, with consolidated revenues of $987.5 million. The company's net loss was $70.3 million, while Adjusted EBITDA reached $441.6 million, resulting in an Adjusted EBITDA margin of approximately 45%. Key growth areas included consolidated fiber revenue, which grew 15% year-over-year, and Kinetic Consumer Fiber revenue, which increased by 26%. The company is updating its 2026 outlook primarily for business unit level revisions, and transaction related and other costs incurred to date.
Key Highlights
- 1
Uniti Group's consolidated fiber revenue grew 15% year-over-year in the first quarter of 2026.
- 2
Fiber Infrastructure fiber revenue increased by 13% year-over-year in the first quarter.
- 3
Kinetic Consumer Fiber revenue experienced a 26% year-over-year growth in the first quarter.
- 4
Kinetic Consumer Fiber achieved approximately 39,000 gross adds, marking the highest ever on record.
- 5
Fiber Infrastructure new bookings monthly recurring revenue reached $1.6 million during the quarter.
- 6
Consolidated revenues for the first quarter of 2026 were $987.5 million.
- 7
Adjusted EBITDA was $441.6 million for the first quarter of 2026, achieving Adjusted EBITDA margins of approximately 45%.
Management Comments
Kenny Gunderman
"2026 is off to a great start at Uniti, fueled by the continued strong demand from hyperscalers and the significant progress we have made to-date on our fiber-to-the-home build. We saw consolidated revenue and Adjusted EBITDA year-over-year growth during the first quarter for the first time as a combined company, which is a significant first step in our goal to achieve full year year-over-year growth by 2027. We also had another strong quarter of new bookings at Fiber Infrastructure, the third highest quarter on record. At Kinetic, we had our highest number of consumer fiber gross adds ever and fiber churn was the best quarter on record. We also had the highest number of new consumer fiber premises constructed in almost four years and we remain on track to pass 3.5 million homes with fiber by the end of 2029. Finally, our balance sheet is as strong as it has ever been and we expect to be opportunistically active in the capital markets this year, including potentially pursuing additional asset securitizations."
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