Frontier Reports First-Quarter 2024 Results

Frontier Communications reported first-quarter 2024 results. Highlights include:

• Added 322,000 fiber passings to reach 6.8 million total locations passed with fiber
• Added 88,000 fiber broadband customers, resulting in fiber broadband customer growth of 18% year-over-year
• Consumer revenue of $787 million increased 3.4% year-over-year as growth in fiber was partly offset by declines in copper
• Consumer fiber revenue of $505 million increased 12.7% year-over-year as growth in broadband was partly offset by declines in video and voice
• Consumer fiber broadband revenue of $375 million increased 25.8% year-over-year driven by growth in both fiber broadband customers and ARPU
• Consumer fiber broadband customer net additions of 85,000 resulted in consumer fiber broadband customer growth of 18.3% year-over-year