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Uniti Group (UNIT) investor relations material
Uniti Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Closed merger with Windstream, positioning as a leading national wholesale fiber provider and achieving a one-time gain of $1.685 billion, with strong presence in tier 2 and 3 markets and a clear fiber-focused growth strategy.
Accelerated fiber build with 115 active third-party crews, aiming for 400 by Q2 next year, and 85% of Kinetic Fiber footprint now multi-gig capable, up from less than 20% at the start of the year.
Industry-leading churn and NPS scores, with mid-single-digit growth, record customer service metrics, and recognition as "Best North America Connectivity Provider" for 2025.
Integration progressing smoothly with no major disruptions, targeting full synergy realization within 36 months.
Reported third quarter 2025 net income of $1.609 billion, including the Windstream merger gain.
Financial highlights
Fiber revenue grew 13% year-over-year; Kinetic Consumer Fiber revenue up 26% YoY, with ARPU up 10% YoY to $75.81 and total Kinetic fiber subscribers up 17% from prior year.
Consolidated pro forma revenue down 6% YoY due to legacy TDM declines, but fiber infrastructure revenue up 3% and Kinetic fiber-based revenue up 17%.
Pro forma Q3 2025 revenue was $937M, with adjusted EBITDA of $373M and a 45% margin.
Consolidated pro forma bookings MRR at $1.6 million, highest in over two years.
Fiber revenue mix increased from 31% to 37% YoY in Q3 2025.
Outlook and guidance
2025 pro forma revenue expected at $3.74B–$3.79B, with adjusted EBITDA of $1.48B–$1.53B.
Full-year 2025 revenue guidance: $2,215–$2,265 million; net income: $1,440–$1,490 million.
Fiber infrastructure revenues and contribution margin projected at $1.1B and $770M for 2025.
Fiber to become majority of revenue by end of 2026; year-over-year revenue and adjusted EBITDA growth for core fiber businesses expected in 2026, and for the entire company in 2027.
Targeting 1.9M homes passed and 536K Kinetic Fiber subscribers by year-end 2025.
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