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Shenandoah Telecommunications Company Reports First Quarter 2025 Results

Shenandoah Telecommunications Co (SHEN) 
Last shenandoah telecommunications co earnings: 4/30 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.shentel.com
Company Research Source: GlobeNewswire
EDINBURG, Va., April 30, 2025 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (“Shentel” or the “Company”) (Nasdaq: SHEN) announced first quarter 2025 financial and operating results. First Quarter 2025 Highlights Glo Fiber Expansion Markets1 data subscribers grew 51% over the same period in 2024 to approximately 71,000.Glo Fiber Expansion Markets revenue grew 52% to $18.4 million.Total revenue grew 26.9% compared to the same period in 2024 to $87.9 million. Excluding the former Horizon markets, total revenue grew 5% to $72.9 million.Net loss from continuing operations was $9.1 million in the first quarter of 2025 compared with a net loss from continuing operations of $4.1 million in the first quarter of 2024. The increase in the net loss was due primarily to higher depreciation and amortization from Horizon and Glo Fiber network expansion.Adjusted EBITDA2 grew 43.3% to $27.6 million. Excluding the former Horizon markets, Adjusted EBITDA grew $3.9 million, or 20.6%. “We Show less Read more
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