Uniti Group Q4 Earnings Call Highlights

Uniti Group (NASDAQ:UNIT) executives utilized the company’s fourth-quarter and full-year 2025 net telephone to framework 2025 arsenic a “landmark year,” emphasizing the closing of its merger with Windstream and an accelerated propulsion to grow fiber-to-the-home astatine Kinetic portion pursuing large-scale wholesale fibre opportunities tied to hyperscalers and AI-related demand.

Chief Executive Officer Kenny Gunderman said Uniti closed its “transformative merger with Windstream,” which helium said created a scaled nationalist wholesale fibre footprint and improved the company’s quality to vie for ample fibre infrastructure deals. He besides said the institution had lowered its outgo of superior done respective asset-backed securities (ABS) transactions and had “reignited” fibre builds astatine some Kinetic and the Fiber Infrastructure business.

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Gunderman pointed to respective operating markers from the 4th quarter, including 13% year-over-year gross maturation successful the halfway Fiber concern and what helium described arsenic grounds caller bookings during the quarter. He said Kinetic posted user fibre gross adds of 38,000 successful the 4th quarter, the highest successful its history, and nett adds of 28,000, the highest successful astir 3 years. Management besides highlighted a diminution successful churn, with Gunderman saying Kinetic delivered its champion user fibre churn since the pandemic.

Chief Financial Officer Paul Bullington said Kinetic expanded its fibre web to walk an further 80,000 homes successful the 4th quarter—its highest level of caller passings successful much than 3 years—ending 2025 with astir 1.9 cardinal homes passed with fiber. Kinetic ended the 4th with 535,000 fibre subscribers aft adding 28,000 nett caller fibre subscribers.

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Bullington said Kinetic user fibre gross roseate 24% year-over-year successful the quarter, and full Kinetic fibre subscribers accrued 20% from the prior-year period. Kinetic’s fibre penetration was 29% successful the 4th quarter, up 30 ground points sequentially and 150 ground points year-over-year, portion fibre ARPU accrued 5% year-over-year.

Looking ahead, absorption reiterated that 2026 volition beryllium a large concern twelvemonth astatine Kinetic. Bullington said the institution is targeting:

• 2.3 cardinal to 2.35 cardinal homes passed with fibre by the extremity of 2026

• 675,000 to 700,000 fibre subscribers by the extremity of 2026

• $635 cardinal to $655 cardinal of user fibre gross successful 2026 (roughly 25% to 30% higher than the anterior year)