Overview

• U.S. fiber provider's Q4 rev reached $917.3 mln, with a net loss of $305.7 mln

• Consolidated fiber revenue grew 13% yr/yr in Q4

• Company signed largest customer contract in its history with a hyperscaler

Outlook

• Uniti expects 2026 revenue between $3,605 mln and $3,655 mln

• Company forecasts 2026 net loss between $360 mln and $410 mln

• Uniti projects 2026 adjusted EBITDA of $1,425 mln to $1,475 mln

Result Drivers

• FIBER REVENUE GROWTH - Consolidated fiber revenue increased 13% year-over-year in Q4, driven by Kinetic Consumer Fiber's 24% growth

• LARGEST CUSTOMER CONTRACT - Signed largest customer contract in Uniti's history with a prominent hyperscaler

• REFINANCING ACTIVITIES - Uniti strengthened its balance sheet and lowered cost of capital through refinancing, including fiber asset securitizations

Company press release: ID:nGNX5tfR57

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Net Income		-$305.70 mln
Q4 Pretax Profit		-$297 mln

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the integrated telecommunications services peer group is "buy."

• Wall Street's median 12-month price target for Uniti Group Inc (Delaware) is $7.50, about 2.5% above its February 27 closing price of $7.32

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