Why did FYBR consistently exceed earnings forecasts in 2024?

Frontier Communications Parent Inc (FYBR) consistently exceeded earnings forecasts in 2024 due to strategic focus on fiber broadband expansion and strong operational performance: 1. **Fiber Broadband Expansion**: Frontier added a record 388,000 fiber passings in Q2, on track for 1.3 million passings in 2024. This aggressive expansion into fiber broadband markets has been a key driver of revenue growth. Fiber broadband customers grew by a significant 19% year-over-year. 2. **Revenue Growth**: Despite a slight overall revenue decline due to lower voice and video services, Frontier saw a 14% increase in fiber revenue, which more than offset the 8% decline in copper revenue. The growth in fiber revenue was a result of increased demand for high-speed internet services. 3. **Average Revenue Per User (ARPU) Growth**: Frontier reported a 3.5% growth in ARPU, primarily due to the introduction of higher-priced fiber services. The company's strategic focus on bundles and higher billings has been successful, with a significant portion of new customers opting for premium services. 4. **EBITDA Growth**: Frontier raised its 2024 EBITDA guidance to $2.22 billion to $2.25 billion, representing 5% growth at the midpoint. This guidance reflects confidence in the company's ability to continue growing its earnings despite challenges in the broader telecom market. In summary, Frontier's focus on expanding its fiber network and improving ARPU, coupled with strong operational performance, has enabled the company to consistently exceed earnings forecasts in 2024.