Expanded high-speed broadband homes passed by 8%
Grew total high-speed subscribers by 1%
Third quarter revenues increased 3% to $183.2 million
Third quarter operating income increased to $9.8 million
Third quarter net income was $4.3 million, or $0.18 per diluted share
Third quarter Adjusted EBITDA1 increased 9% to $49.9 million
Net cash provided by operating activities for the year-to-date period was $97.7 million
Capital expenditures for the year-to-date period were $60.9 million (net of $67.3 million reimbursable expenditures)
Net Debt Ratio3 was 2.47x on September 30, 2025
Refines 2025 Adjusted EBITDA Outlook, and Reaffirms Revenue, Capital Expenditure, and Net Debt Ratio Expectations
Revenue, excluding construction revenue, is expected to be in line with last year's result of $725 million
Adjusted EBITDA2 is expected to be flat to slightly above last year's result of $184 million (previously guided to be flat with 2024)
Capital expenditures are expected to be in the range of $90 to $100 million (net of reimbursable expenditures)
Net Debt Ratio4 is expected to remain flat with full year 2024 at approximately 2.54x, with potential for slight improvement exiting 2025
Earnings Conference CallThursday, November 6, 2025, at 10:00 a.m. ET; web participant link: https://edge.media-server.com/mmc/p/fzhn433w
BEVERLY, Mass., Nov. 05, 2025 (GLOBE NEWSWIRE) -- ATN International, Inc. ("ATN" or the "Company") (NASDAQ:ATNI), a leading provider of digital infrastructure and communications services, today reported financial results for the third quarter ended September 30, 2025.
Remarks by Brad Martin, ATN Chief Executive Officer"Our third quarter results were in line with our expectations and demonstrated steady progress in executing our business transition plan and maintaining disciplined operational focus. We've been building positive momentum throughout the year, reflected in our year-over-year revenue and Adjusted EBITDA growth. Internationally, our network investments are driving growth in high-speed data and mobile data subscribers, and our focus on operational efficiency is expanding margins and strengthening cash flow. In the U.S., we're seeing tangible benefits from our investments in carrier and enterprise solutions, with new site activations from our carrier-managed services efforts and momentum in our fiber-fed deployments.
We're doing what we said we would do - methodically strengthening our operational foundation, improving our cost structure and margins, and positioning the business for sustainable growth as we move toward 2026."
Third Quarter 2025 Financial Results
Consolidated revenues were $183.2 million in the third quarter, up 3% versus $178.5 million in the year-ago quarter. This increase primarily reflects growth in fixed, carrier services, other, and construction revenue during the quarter that offset a year-over-year decline in mobility revenues.
Operating income was $9.8 million in the third quarter versus a loss of $(38.4) million in the year-ago quarter. The year-ago quarter included a $35.3 million goodwill impairment charge. A $5.1 million reduction in depreciation and amortization expenses, a $3.3 million reduction in transaction-related charges, and a $1.1 million reduction in the cost of services resulting from structural cost containment efforts, also contributed to the improvement.
Net Income attributable to ATN stockholders in the third quarter of 2025 was $4.3 million, or $0.18 per diluted share, versus a net loss of $(32.7) million, or $(2.26) per diluted share, in the year-ago quarter.
Adjusted EBITDA1 was $49.9 million in the third quarter of 2025, up 9% from $45.7 million in the year-ago quarter.
Segment Operating Results (in Thousands)
The Company recorded financial results in three categories: (i) International Telecom; (ii) US Telecom; and (iii) Corporate and Other.
For Three Months Ended September 30, 2025 and 2024
2025
2024
2025
2024
2025
2024
2025
2024
International
International
US
US
Corporate and
Corporate and
Total
Total
Telecom
Telecom
Telecom
Telecom
Other*
Other*
ATN
ATN
Total Revenue:
$
95,143
$
94,281
$
88,022
$
84,170
$
-
$
-
$
183,165
$
178,451
Mobility
26,696
26,809
9
706
-
-
26,705
27,515
Fixed
61,377
61,759
53,099
51,015
-
-
114,476
112,774
Carrier Services
3,334
3,272
30,739
29,430
-
-
34,073
32,702
Construction
-
-
1,115
203
-
-
1,115
203
All other
3,736
2,441
3,060
2,816
-
-
6,796
5,257
Operating Income (Loss)
$
18,091
$
12,853
$
382
$
(44,333
)
$
(8,643
)
$
(6,878
)
$
9,830
$
(38,358
)
EBITDA **
$
32,527
$
31,518
$
19,243
$
(23,912
)
$
(7,789
)
$
(6,674
)
$
43,981
$
932
Adjusted EBITDA **
$
33,261
$
32,248
$
21,155
$
17,692
$
(4,479
)
$
(4,270
)
$
49,937
$
45,670
Capital Expenditures***
$
9,971
$
10,489
$
8,939
$
13,070
$
-
$
282
$
18,910
$
23,841
For Nine Months Ended September 30, 2025 and 2024
2025
2024
2025
2024
2025
2024
2025
2024
International
International
US
US
Corporate and
Corporate and
Total
Total
Telecom
Telecom
Telecom
Telecom
Other*
Other*
ATN
ATN
Total Revenue:
$
284,533
$
282,697
$
259,226
$
265,830
$
-
$
-
$
543,759
$
548,527
Mobility
79,060
79,657
64
2,312
-
-
79,124
81,969
Fixed
184,491
185,295
156,110
161,392
-
-
340,601
346,687
Carrier Services
10,660
10,481
89,771
89,539
-
-
100,431
100,020
Construction
-
-
4,377
2,609
-
-
4,377
2,609
All other
10,322
7,264
8,904
9,978
-
-
19,226
17,242
Operating Income (Loss)
$
49,061
$
56,944
$
(7,566
)
$
(42,852
)
$
(28,765
)
$
(23,559
)
$
12,730
$
(9,467
)
EBITDA **
$
94,530
$
108,512
$
49,378
$
18,361
$
(26,187
)
$
(23,229
)
$
117,721
$
103,644
Adjusted EBITDA **
$
98,925
$
94,808
$
56,930
$
60,313
$
(15,788
)
$
(17,260
)
$
140,067
$
137,861
Capital Expenditures***
$
30,241
$
39,440
$
30,684
$
44,371
$
-
$
1,860
$
60,925
$
85,671
* Corporate and Other refer to corporate overhead expenses and consolidating adjustments.** EBITDA and Adjusted EBITDA are non-GAAP financial measures. Please see their definitions in the "Use of Non-GAAP Financial Measures and Definitions of Terms" and in Table 5.***Excludes government capital program amounts disbursed and amounts received.
Operating Metrics
Operating Metrics
2025
2025
2025
2024
2024
Q3 2025
Q3
Q2
Q1
Q4
Q3
vs. Q3 2024
High-Speed Data* Broadband Homes Passed
432,500
427,500
427,300
426,100
399,500
8
%
High-Speed Data* Broadband Customers
142,500
141,900
141,300
140,800
141,100
1
%
Broadband Homes Passed
813,500
803,400
801,500
800,900
798,400
2
%
Broadband Customers
197,200
200,300
199,800
203,200
205,900
-4
%
Fiber Route Miles
12,062
11,957
11,944
11,921
11,901
1
%
International Mobile Subscribers
Pre-Paid
332,200
332,300
332,300
329,300
336,400
-1
%
Post-Paid
61,200
60,200
59,600
59,500
58,700
4
%
Total
393,400
392,500
391,900
388,800
395,100
0
%
