ATN Q3 revenue beats estimates driven by broadband expansion

Reuters11-06
ATN Q3 revenue beats estimates driven by broadband expansion 

Overview

  • ATN Q3 revenue rises 3% to $183.2 mln, slightly beating analyst expectations

  • Adjusted EBITDA for Q3 increases 9% to $49.9 mln, beating analyst estimates

  • Company highlights growth in high-speed broadband and operational efficiency

Outlook

  • ATN expects 2025 revenue to match last year's $725 mln, excluding construction revenue

  • Adjusted EBITDA for 2025 expected to be flat or slightly above $184 mln

  • Capital expenditures for 2025 projected between $90 mln and $100 mln

Result Drivers

  • BROADBAND EXPANSION - ATN expanded high-speed broadband homes passed by 8%, contributing to revenue growth

  • OPERATIONAL EFFICIENCY - Cost containment and operational focus improved margins and cash flow

  • NETWORK INVESTMENTS - International network investments drove growth in high-speed data and mobile subscribers

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Slight Beat*

$183.20 mln

$182.80 mln (2 Analysts)

Q3 Adjusted EBITDA

Beat

$49.90 mln

$45.70 mln (2 Analysts)

Q3 Operating Income

$9.80 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

  • Wall Street's median 12-month price target for ATN International Inc is $36.00, about 60.6% above its November 4 closing price of $14.20

Press Release: ID:nGNX4y24Z8

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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