Shenandoah Telecommunications Q2 revenue rises 5.5%

Overview

• US broadband provider's Q2 revenue rose 5.5% yr/yr, driven by Glo Fiber expansion

• Net loss narrowed to $7.7 mln from $9.0 mln a year ago

• Company reiterated 2026 financial guidance and previously announced 10% workforce reduction

Outlook

• Company reiterates 2026 revenue guidance of $370 mln to $377 mln

• Company maintains 2026 adjusted EBITDA guidance of $131 mln to $136 mln

• 2026 capital expenditures, net of government grant reimbursements, expected at $220 mln to $250 mln

Result Drivers

• GLO FIBER EXPANSION - Revenue from Glo Fiber Expansion Markets rose 32.8% yr/yr, driven by a 32.1% increase in data RGUs due to higher penetration rates and more passings

• INCUMBENT BROADBAND DECLINE - Revenue from Incumbent Broadband Markets fell 6.0% yr/yr, as video RGUs declined 14.1% with customers shifting to streaming, and data ARPU dropped due to competition and softer demand

• COMMERCIAL FIBER GROWTH - Commercial Fiber revenue increased 9.8% yr/yr, supported by recurring enterprise and carrier revenue and a non-cash sales-type lease

Company press release: ID:nGNX72xdcD

Key Details

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)