Uniti Group Inc. announced a strong start to 2025 with its first quarter financial results, reporting consolidated revenues of $293.9 million and Adjusted EBITDA of $237.8 million, achieving an 81% margin. AFFO attributable to common shareholders stood at $92.3 million, or $0.35 per diluted common share.
The company's core recurring strategic fiber revenue grew approximately 4% in Q1 2025 compared to Q1 2024, with consolidated bookings increasing by 40% year-over-year. Uniti Fiber contributed $71.5 million in revenues and $28.8 million in Adjusted EBITDA, while Uniti Leasing reported revenues of $222.4 million and Adjusted EBITDA of $215.1 million.
Uniti also confirmed that an overwhelming majority of investors approved the upcoming merger with Windstream, which is now expected to close in the third quarter of this year. The company also highlighted the recent appointment of John Harrobin as President of Kinetic and the nomination of Harold Zeitz to its board, reinforcing its leadership for future growth.
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