NASDAQ$ATNI

ATN International Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

ATN International reported its first quarter 2025 results, showing a decline in revenues but an increase in Adjusted EBITDA.

ATN International reported first quarter 2025 revenues of $179.3 million, a 4% decrease year-over-year, primarily due to the wind-down of subsidy programs in the US Telecom segment. Despite this, Adjusted EBITDA increased by 2% to $44.3 million, driven by disciplined cost management and improved free cash flow.

  • High-speed broadband homes passed increased by 11% year-over-year.
  • Total high-speed subscribers grew by 2% compared to the prior year.
  • Net loss was $(8.9) million, or $(0.69) per share, for the quarter.
  • Net cash provided by operating activities increased 55% to $35.9 million.

Headline financials

Total Revenue

$179M

Previous: $187M-4.0%
EPS (adj)

-$0.69

Previous: -$0.50-38.0%
Broadband Homes Passed

801.5K

Previous: 789.7K+1.5%
Adjusted EBITDA

$44.3M

Previous: $43.5M+1.9%
Net Debt Ratio

2.52

Previous: 2.54-0.8%
HSD Homes Passed

427.3K

Previous: 386.3K+10.6%
HSD Customers

141.3K

Previous: 138.9K+1.7%
Broadband Customers

199.8K

Previous: 212.5K-6.0%
Fiber Route Miles

11.9K

Previous: 11.7K+2.2%
Intl Prepaid Subs

332.3K

Previous: 346.4K-4.1%
Intl Postpaid Subs

59.6K

Previous: 57.3K+4.0%
Intl Mobile Subs

391.9K

Previous: 403.7K-2.9%
Blended Churn

3.3%

Previous: 3.3%-0.6%
Capital Expenditures

$20.8M

Previous: $36M-42.2%
Net Income

-$8.93M

Previous: -$7.95M-12.3%
Operating Income

$2.67M

Previous: $4.57M-41.7%

Revenue & EPS history

ATN · Revenue · Quarterly

$179M

Q1 2025-4%vs Q1 2024
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

ATN · $167M total across 2 segments · Q3 2023

  • International Telecom
    $93.8M+4.2%
  • US Telecom
    $72.9M-20.9%

Forward guidance

ATN International reaffirmed its full year 2025 outlook, expecting revenue (excluding construction revenue) and Adjusted EBITDA to be in line with 2024 results, with capital expenditures in the range of $90 million to $100 million.

Tailwinds

  • Revenue, excluding construction revenue, is expected to be in line with last year's result of $725 million.
  • Adjusted EBITDA is expected to be essentially flat with the prior year result of $184 million.
  • Capital expenditures are expected to be in the range of $90 million to $100 million (net of reimbursements).
  • Net Debt Ratio is expected to remain flat, with a slight potential improvement exiting 2025 compared with 2.54x at the end of 2024.
  • Focus on expanding cash flow and fully capturing benefits of strategic investments.

Headwinds

  • Domestic revenue will reflect a deliberate transition away from legacy services.
  • Near-term impact on revenue from transition strategy.
  • The company is not able to provide GAAP reconciliations for Adjusted EBITDA and Net Debt Ratio outlook without unreasonable effort.
  • Potential for economic downturn, political, geopolitical, and other risks.
  • Continued inflation and other macroeconomic headwinds, including increased costs and supply chain disruptions.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-1.3%

Avg return

Earnings day

-3.6%

Avg return

5 days after

-1.1%

Avg return

30 days after

48%

31 / 65 earnings

Positive

+20.8%

Q2 2018

Best reaction

-31.7%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%-0.9%
Q4 2025-16.7%-18.0%-8.5%
Q3 2025-3.1%-6.7%+37.6%
Q1 2025-15.4%-6.3%-19.7%
Q4 2024+6.8%+20.7%+9.6%
Q3 2024-27.7%-35.0%-36.2%
Q2 2024+14.6%+18.9%+17.9%
Q1 2024-31.7%-30.0%-16.7%
Q4 2023-22.0%-1.9%-15.9%
Q3 2023-9.9%-12.9%-7.7%
Q2 2023-1.0%-1.1%-1.6%
Q1 2023-2.9%-5.8%-1.4%
Q4 2022-13.4%-11.5%-17.9%
Q3 2022+4.2%+11.7%+21.6%
Q2 2022-5.1%+0.4%+5.7%
Q1 2022+1.1%-1.8%+10.2%
Q4 2021+1.0%-2.9%+14.6%
Q3 2021-7.1%-5.0%-6.8%
Q2 2021-1.0%-2.8%+3.3%
Q1 2021-1.0%-4.2%-0.8%
Q4 2020-1.7%+6.1%+2.9%
Q3 2020+2.9%+5.7%+14.0%
Q2 2020+4.1%-1.6%+3.8%
Q1 2020-11.8%-20.4%-15.7%
Q4 2019+1.2%-2.2%-6.5%
Q3 2019+10.4%+10.0%-3.0%
Q2 2019+0.4%-1.4%-9.1%
Q1 2019+3.8%+0.7%+1.4%
Q4 2018-23.1%-26.8%-28.6%
Q3 2018+10.6%+10.8%+13.8%
Q2 2018+20.8%+17.5%+36.3%
Q1 2018-7.6%-20.0%-20.7%
Q4 2017+7.3%+12.3%+7.2%
Q3 2017+2.1%-1.4%+12.7%
Q2 2017-9.1%-10.8%-9.1%
Q1 2017-0.7%-6.1%-11.0%
Q4 2016-6.2%-10.0%-11.4%
Q3 2016+1.8%+2.6%+12.5%
Q2 2016-7.6%-9.3%-18.6%
Q1 2016-0.5%
Q4 2015-6.3%
Q3 2015-7.6%
Q2 2015-0.6%
Q1 2015-3.3%
Q4 2014+4.3%
Q3 2014+2.0%
Q2 2014+8.9%
Q1 2014-4.1%
Q4 2013-0.6%
Q3 2013-2.5%
Q2 2013-3.3%
Q1 2013+1.9%
Q4 2012+8.1%
Q3 2012+6.4%
Q2 2012+12.9%
Q1 2011-5.6%
Q1 2012+18.3%
Q4 2011+1.1%
Q4 2009+1.1%
Q3 2011-4.6%
Q3 2010-4.6%
Q4 2010+6.7%
Q2 2010+6.7%
Q2 2011+6.7%
Q1 2010+2.7%

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