Uniti Group Inc. announced robust fourth quarter and full year 2024 financial results, highlighting a transformational year. For Q4 2024, consolidated revenues reached $293.3 million, with Adjusted EBITDA of $239.5 million, achieving an 82% margin. AFFO attributable to common shareholders was $92.0 million, or $0.35 per diluted common share.
Full year 2024 consolidated revenues were $1.2 billion, with Adjusted EBITDA of $940.1 million and AFFO of $358.9 million, or $1.35 per diluted common share. Core recurring strategic fiber revenue grew approximately 5% in 2024 compared to 2023, and consolidated bookings were up 40% in the fourth quarter year-over-year.
Uniti also provided its initial 2025 outlook, projecting strategic fiber revenue MRR growth of 4%-6% and strategic recurring Adjusted EBITDA growth of 8%-10%. The company's balance sheet was strengthened by the recently completed $589 million fiber securitization, which repaid an ABS bridge facility and redeemed $125 million of 10.50% senior secured notes due 2028.
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