Welcome to our dedicated page for Frontier Communications Parent news (Ticker: $FYBR), a resource for investors and traders seeking the latest updates and insights on Frontier Communications Parent stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Frontier Communications Parent's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Frontier Communications Parent's position in the market.
Frontier (NASDAQ: FYBR) published its 2023 sustainability report, showcasing progress in becoming a more sustainable fiber internet company. The report highlights achieving sustainability goals, connecting more people to the digital economy, advancing inclusion, promoting environmental responsibility, and issuing green bonds to drive energy efficiencies. Frontier also improved customer satisfaction, strengthened communities through donations, promoted workplace inclusivity, and shared baseline greenhouse gas emissions data for future improvements.
Frontier Communications Parent, Inc. (NASDAQ: FYBR) reported first-quarter 2024 results, showing year-over-year revenue growth for the first time since 2015 and accelerated Adjusted EBITDA growth. The company achieved a 24% increase in fiber broadband revenue, adding 322,000 fiber passings and 88,000 fiber broadband customers. Operating income was $90 million with net income of $1 million. Adjusted EBITDA reached $547 million, a 5.4% increase year-over-year. The company generated $335 million in net cash from operations and had total cash capital investment of $1.0 billion. Consumer revenue increased 3.4% year-over-year to $787 million, with fiber revenue up by 12.7% to $505 million. Business and Wholesale revenue was stable at $659 million, with fiber revenue up by 6.8% to $300 million. Frontier reaffirmed its operational and financial expectations for 2024, including Adjusted EBITDA of $2.20 - $2.25 billion and cash capital investment of $3.00 - $3.20 billion.
Frontier announces the launch of the 'Good to Go' campaign, promoting their high-speed and reliable fiber internet technology that is built to last a lifetime. The campaign aims to showcase how fiber technology can meet the increasing demands for data and serve customers well into the future. Frontier offers a 30-day money back guarantee to customers switching to their fiber internet service, emphasizing its speed, reliability, and availability.