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Uniti Group shared its earnings call, showing a 22% jump in consumer fiber revenue this quarter.

ResultsRead the original at Benzinga
Good for UNIT

Uniti's Kinetic consumer fiber sales grew 22%, and it slightly raised its full-year sales forecast as fiber infrastructure strengthened. Its adjusted EBITDA fell due to a customer deal change, a delayed cloud deal, and subscriber-retention spending, but management expects stronger cloud work in Q4 to make up for those items.

UNIT · Uniti Group

AI read · Good for UNIT

The AI's read

More orders from large cloud and AI customers support demand for Uniti's fiber network. The company kept its full-year forecast, and management expects stronger cloud work in Q4 to make up for this quarter's timing and spending costs. The drop in adjusted EBITDA is a real concern. Management linked it to a customer deal change, a delayed cloud deal, and spending to keep subscribers, rather than weaker fiber demand.

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