ATN International reported third‑quarter 2025 revenue of $183.2 million, a 3 % year‑over‑year increase that beat the consensus estimate of $182.4 million by $0.8 million. The modest revenue lift was driven by a 5 % rise in International Telecom services, which now account for a larger share of the top line, and a 2 % uptick in U.S. Telecom revenue, reflecting continued demand for fiber‑centric offerings in rural markets.
Operating income swung from a $38.4 million loss in Q3 2024 to a $9.8 million profit in Q3 2025, while net income rose to $4.3 million. Earnings per share of $0.18 surpassed the consensus of –$0.06, a $0.24 beat that translates to a 400 % surprise. The turnaround is largely attributable to disciplined cost control, a higher margin mix from International Telecom, and improved operational leverage as the company scales its fiber network.
Segment analysis shows that International Telecom revenue grew 7 % to $68.5 million, driven by higher data‑center traffic and mobile data subscribers in emerging markets. U.S. Telecom revenue increased 2 % to $54.3 million, supported by new carrier‑managed service contracts and accelerated fiber‑fed deployments. The company’s broadband homes passed grew 8 % and subscriber growth was 1 %, underscoring the momentum behind its fiber‑centric strategy.
Cash flow remained robust, with net cash provided by operating activities reaching $97.7 million for the nine‑month period, while capital expenditures were $60.9 million net of reimbursable spending. ATN reaffirmed its full‑year 2025 guidance for revenue, capital expenditures, and net debt ratio, signaling confidence that the company’s strategic investments and cost discipline will sustain growth and profitability.
Management highlighted the positive trajectory, noting that “the 3 % revenue growth and 9 % increase in adjusted EBITDA year‑over‑year demonstrate the positive momentum we have built” and that the company is “progressing toward monetizing its government‑granted broadband projects slated for 2026.” Investors responded favorably, citing the EPS beat, margin expansion, and the company’s clear focus on high‑margin services as key drivers of the positive market reaction.
The results reinforce ATN’s transition away from legacy subsidy‑driven revenue toward a higher‑margin, fiber‑centric model. The earnings beat, coupled with a steady guidance outlook, suggests that the company’s strategic priorities—expanding international data services, deepening U.S. fiber deployments, and monetizing government broadband assets—are delivering tangible financial gains and positioning ATN for continued growth in the coming quarters.
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