Company reiterates 2026 revenue guidance of $370 mln to $377 mln
Company maintains 2026 adjusted EBITDA guidance of $131 mln to $136 mln
2026 capital expenditures, net of government grant reimbursements, expected at $220 mln to $250 mln
Overview
US broadband provider's Q2 revenue rose 5.5% yr/yr, driven by Glo Fiber expansion
Net loss narrowed to $7.7 mln from $9.0 mln a year ago
Company reiterated 2026 financial guidance and previously announced 10% workforce reduction
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Loss Per Share
Beat
$0.17
$0.24 (2 Analysts)
Q2 Net Loss
$7.70 mln
Q2 Operating Expenses
$94.48 mln
Result Drivers
GLO FIBER EXPANSION - Revenue from Glo Fiber Expansion Markets rose 32.8% yr/yr, driven by a 32.1% increase in data RGUs due to higher penetration rates and more passings
INCUMBENT BROADBAND DECLINE - Revenue from Incumbent Broadband Markets fell 6.0% yr/yr, as video RGUs declined 14.1% with customers shifting to streaming, and data ARPU dropped due to competition and softer demand
SHEN•
