NASDAQ$ATNI

ATN International Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

ATN reported modest revenue growth and higher adjusted EBITDA in Q4 2025, while recording a net loss driven by investment write-downs.

ATN generated $184216000 in revenue in Q4 2025, up 2% year-over-year, supported by growth in international and US telecom operations. Operating income improved significantly to $15703000, while adjusted EBITDA increased to $49976000. Despite stronger operating performance, the company reported a net loss of $3296000 primarily due to an equity investment write-down and higher taxes.

  • Revenue increased 2% year-over-year to $184216000.
  • Adjusted EBITDA grew 8% to $49976000 reflecting operational improvements.
  • Operating income rose to $15703000 compared with $8674000 in the prior year quarter.
  • Net loss was $3296000 due mainly to an equity investment write-down and tax expense.

Headline financials

Total Revenue

$184M

Previous: $181M+2.0%
EPS (adj)

-$0.32

Previous: $0.14-328.6%
Broadband Homes Passed

813.9K

Previous: 800.9K+1.6%
Adjusted EBITDA

$50M

Previous: $46.2M+8.1%
Net Debt Ratio

2.36

No prior period
HSD Homes Passed

523.5K

Previous: 412.6K+26.9%
HSD Customers

145.0K

Previous: 140.8K+3.0%
Broadband Customers

194.9K

Previous: 203.2K-4.1%
Fiber Route Miles

12.2K

Previous: 11.9K+2.4%
Intl Prepaid Subs

337.5K

Previous: 329.3K+2.5%
Intl Postpaid Subs

61.7K

Previous: 59.5K+3.7%
Intl Mobile Subs

399.2K

Previous: 388.8K+2.7%
Blended Churn

3.0%

Previous: 3.5%-15.4%
Capital Expenditures

$29.1M

Previous: $24.7M+17.8%
Net Income

-$3.3M

Previous: $3.57M-192.3%
Operating Income

$15.7M

Previous: $8.67M+81.1%

Revenue & EPS history

ATN · Revenue · Quarterly

$184M

Q4 2025+2%vs Q4 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 expects full-year 2026 adjusted EBITDA between $190000000 and $200000000, with potential reductions of $6000000 to $8000000 depending on the timing of the planned US tower portfolio sale, while capital expenditures are projected between $105000000 and $115000000.

Tailwinds

  • Continued expansion of high-speed broadband infrastructure and subscriber base.
  • Operational efficiencies improving margins and cash generation.
  • Potential debt reduction following planned US tower portfolio sale.
  • Government-supported broadband expansion initiatives.
  • Growth opportunities in mobility, carrier services, and enterprise broadband.

Headwinds

  • Potential EBITDA reduction related to US tower portfolio divestiture.
  • Exposure to macroeconomic and inflationary pressures.
  • Competitive pressures in telecom markets.
  • Dependence on regulatory approvals and government funding programs.
  • Operational risks tied to infrastructure investment and network upgrades.

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 Q4 2025

Historical avgQ4 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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