Frontier Communications Parent Inc
NASDAQ:FYBR

Watchlist Manager
Frontier Communications Parent Inc Logo
Frontier Communications Parent Inc
NASDAQ:FYBR
Watchlist
Price: 37.97 USD -0.05% Market Closed
Market Cap: 9.5B USD

Frontier Communications Parent Inc
Investor Relations

Frontier Communications Parent Inc. has been navigating the evolving landscape of telecommunications with a focus on serving more rural and suburban communities across the United States. Originally known as a regional phone company, Frontier has transitioned over the years into a significant player in providing broadband connectivity. Its business model primarily revolves around offering internet services, which includes both fiber-optic and digital subscriber line (DSL) technologies. The company aims to address the "digital divide" by enhancing internet access in underserved areas, a strategy that not only fulfills a societal need but also taps into a steady revenue stream from broadband subscriptions.

In essence, Frontier generates its income from residential and business subscriptions. For residential customers, the emphasis is on bundling services like high-speed internet, television, and phone services to maximize value and customer retention. On the business side, Frontier caters to small and medium enterprises by offering tailored solutions such as secure internet connections and data management services. The transition from traditional phone services to digital offerings is part of Frontier’s broader strategy to reinvent itself amidst a competitive telecommunications sector. By leveraging its established infrastructure and expanding its fiber network, the company is positioning itself to capture a larger share of the broadband market, ensuring sustained growth and relevance in an increasingly connected world.

Show more
Loading
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q2 2024
Call Date
Aug 2, 2024
AI Summary
Q2 2024

Revenue Growth: Frontier delivered its second consecutive quarter of revenue growth, with Q2 revenue up 2% year-over-year, marking its fastest organic growth in over a decade.

Record Fiber Adds: The company added a record 92,000 new fiber broadband customers, 37% more than last year, and grew its fiber customer base by 19% in the first half of 2024.

EBITDA Guidance Raised: Management raised the low end of its 2024 EBITDA guidance to $2.22–$2.25 billion, reflecting strong first-half performance.

ARPU Growth: Fiber ARPU increased 3.5% year-over-year, driven by higher adoption of gigabit speeds and value-added services; ARPU is expected to stay flat in Q3 then pick up in Q4.

Cost Efficiency: Frontier has achieved $580 million in cost savings since 2021 and continues to identify new areas for efficiency.

Strategic Review Ongoing: The company is progressing with a strategic review, considering future growth options and capital structure, but provided no specific updates.

Fiber Securitization: Frontier completed a $750 million fiber securitization in North Texas, reducing cost of capital and extending debt maturities.

Key Financials
Revenue
$1.48B
Net Loss
$123M
Adjusted EBITDA
$560M
Net Cash from Operations
$374M
Fiber Broadband Net Adds
92,000
Fiber Customer Base Growth
19% YoY growth
Fiber Broadband Revenue Growth
21% YoY growth
Fiber ARPU Growth
3.5% YoY growth
Consumer Fiber Broadband Churn
1.4%
Fiber Passings Added
388,000
Total Fiber Passings
Over 7 million
Base Fiber Footprint Penetration
45.3%
Capital Investment
$678M
Cost Savings Achieved
$580M since 2021
Fiber Securitization Raised
$750M
Yield on Fiber Securitization
7.4%
Net Promoter Score (Fiber)
Improved by ~20 points YoY; now 6x higher than closest cable competitor
Earnings Call Recording
Other Earnings Calls

Management

Mr. Nicholas Simon Jeffery
President, CEO & Director
No Bio Available
Mr. Scott C. Beasley
Executive VP & CFO
No Bio Available
Mr. Mark D. Nielsen
Executive VP and Chief Legal & Regulatory Officer
No Bio Available
Ms. Veronica Bloodworth
Executive VP & Chief Network Officer
No Bio Available
Mr. John Harrobin
Executive Vice President of Consumer
No Bio Available
Mr. John G. Stratton
Executive Chairman of the Board
No Bio Available
Mr. William McGloin
Chief Accounting Officer & Controller
No Bio Available
Mr. Spencer Harris Kurn
Senior Vice President of Investor Relations
No Bio Available
Ms. Erin L. Kurtz
Executive VP & Chief Communications Officer
No Bio Available
Mr. M. Alan Gardner
Executive VP & Chief People Officer
No Bio Available

Contacts

Address
CONNECTICUT
Norwalk
401 Merritt 7
Contacts
+12036145600.0
frontier.com