ATN Q4 revenues up 2% to $184.2 million, subscribers grow 3%.

• Q4 high-speed broadband homes passed expanded by 27% • Q4 total high-speed broadband subscribers grew by 3% • Q4 total international mobile subscribers increased by 3% • Q4 revenues increased 2% to $184.2 million; full-year revenues were flat at $728.0 million • Q4 operating income increased to $15.7 million; full-year operating income increased to $28.4 million • Q4 net loss was $(3.3) million; full-year net loss was $(14.9) million • Q4 Adjusted EBITDA1 increased 8% to $50.0 million; full-year Adjusted EBITDA1 increased 3% to $190.0 million

In Q4 2023, the company reported a 27% year-over-year increase in high-speed broadband homes passed, reaching 768,900. Total high-speed broadband subscribers grew by 3%, with 214,400 customers, driven by a 20% rise in high-speed data (HSD) broadband subscribers to 135,900. International mobile subscribers also increased by 3%, totaling 408,700.

Revenues for Q4 rose 2% to $184.2 million, while full-year revenues remained flat at $728.0 million. Operating income improved significantly, with Q4 results at $15.7 million compared to $4.7 million in the prior-year period. However, the company reported a Q4 net loss of $(3.3) million, narrowing from $(1.4) million in Q4 2022. Full-year net loss was $(14.9) million, reflecting restructuring expenses and higher interest costs.

Adjusted EBITDA increased 8% in Q4 to $50.0 million and grew 3% annually to $190.0 million. The performance was supported by cost management and operational efficiencies, despite challenges in legacy wholesale services. Capital expenditures for the full year totaled $163.3 million (net of reimbursements), reflecting investments in fiber expansion and network upgrades.

The company reiterated its focus on margin improvement and leveraging grant funding to reduce internally funded capital spending in 2024. While near-term profitability remains pressured by restructuring costs, the expansion of high-speed broadband infrastructure and subscriber growth positions the business for long-term value creation.