Shenandoah Telecommunications Reports Strong Q2 Earnings with Fiber Revenue Growth
Shenandoah Telecommunications (NASDAQ:SHEN) reported second-quarter revenue of $93.5 million, a 5.5% increase year over year, driven by strong performance in its fiber business. Adjusted EBITDA rose to $32 million, up 12.9%, with the margin expanding to 34.3%. Fiber revenue now accounts for more than half of total revenue for the first time, growing at a rate of 21.4% year over year. Glo Fiber added a record 6,200 net data customers during Q2 and surpassed 100,000 active users overall. The company also reaffirmed its full-year guidance with revenue expected to range between $370 million and $377 million in 2026. Management anticipates positive free cash flow by 2027 as fiber construction nears completion. The growth of the fiber segment was offset by declines in legacy broadband and RLEC businesses, primarily due to shifting customer preferences toward streaming services and reduced government grants.
Tickers: $SHEN
Topics: ebitda fiber_growth revenue_increase telecommunications