ATN International, Inc - ATNI STOCK NEWS

ATN International is modernizing its business with CSG's mediation and roaming settlement solutions to improve customer experiences and accelerate its growth plan. The partnership allows ATN to automate workflows, access real-time performance data, and reduce costs. ATN's operators also gain efficiency and flexibility, resulting in significant cost savings and improved customer experience.

ATN International, Inc. (Nasdaq: ATNI) reported a 4% revenue growth to $186.4 million in the second quarter of 2023. The company increased total high-speed subscribers by 22% and expanded broadband homes passed by high-speed data services by 66%. Capital expenditures were $38.9 million, and operating income and Adjusted EBITDA improved. Net income increased to $0.8 million, and Adjusted EBITDA increased by 10% to $45.8 million. ATN reiterated its 2023 outlook, expecting Adjusted EBITDA to be in the range of $183 million to $193 million and capital expenditures to be in the range of $160 million to $170 million.

ATN International, Inc. (ATNI) reported a revenue increase of 8% to $185.8 million for Q1 2023, driven by strong subscriber growth and high-speed broadband expansion. Total high-speed subscribers rose by 18%, while broadband homes passed grew by 56% due to investments in fiber networks in regions like Guyana and Alaska. Despite these gains, ATN faced a net loss of $(5.9) million, up from $(0.9) million a year ago, primarily due to increased interest expenses. Adjusted EBITDA rose 6% to $44.8 million. The company reiterated its 2023 outlook, projecting adjusted EBITDA of $183 million to $193 million and capital expenditures between $160 million and $170 million.

ATN International (Nasdaq: ATNI) announced it will release its Q1 2023 financial results on April 26, 2023, after market close. Following the release, the company will host a conference call on April 27, 2023, at 10:00 a.m. ET to discuss the results.

The conference call will be accessible via a webcast, which can be found on the Company's Investor Relations website. A replay will be available shortly after the call concludes, alongside an investor presentation for further insights.