Frontier Communications Parent (FYBR) investor relations material

Executive summary

• Achieved record operational and financial performance in Q3 2025, with total revenue rising 4.1% year-over-year to $1.55 billion, driven by strong fiber broadband growth and higher ARPU, while legacy voice and video services declined.

• Net loss for Q3 2025 was $76 million, an improvement from prior quarters, with operating income at $117 million.

• Adjusted EBITDA grew 16% year-over-year to $637 million, with margin rising to 41.1%.

• Added a record 133,000 fiber broadband customers in Q3 2025, with total fiber passings reaching 8.8 million.

• Preparing for a merger with Verizon, expected to close by Q1 2026, with shareholders to receive $38.50 per share in cash.

Financial highlights

• Q3 2025 revenue: $1.55 billion, up 4.1% year-over-year; nine months: $4.6 billion, up 4%.

• Adjusted EBITDA: $637 million, up 16% year-over-year; margin improved to 41.1%.

• Net loss: $76 million for Q3 2025, compared to $82 million loss in Q3 2024; EPS: $(0.30) for Q3 2025.

• Consumer fiber broadband revenue grew 25.8% year-over-year; ARPU reached $68.59, up 4.9%.

• Cash capital expenditures for Q3 2025: $819 million; for nine months ended September 30, 2025: $2.42 billion.

Outlook and guidance

• Management expects continued revenue growth from fiber broadband, with ongoing declines in copper, voice, and video revenues.

• The merger with Verizon is anticipated to close by Q1 2026, pending regulatory approvals.

• Capital expenditures are expected to remain elevated to support fiber expansion.

• Focus on expanding fiber footprint and operational efficiency to drive future performance.