Nextel Partners Reports Record Results with $74.1mln Adjusted EBITDA.

• Nextel Partners reports Q1 net income of $4.7 million, or $0.02 per share. • Net income is first positive result in Q1. • Year-over-year ARPU increases by $2 to $67. • Adjusted EBITDA reaches $74.1 million. • Free cash flow increases to $15.3 million. • Net cash from operating activities reaches $37.8 million. • Ending subscribers reach 1.3 million, a 37% YoY increase. • Service revenues grow 43% YoY to $287.3 million. • Company raises guidance.

Nextel Partners (NASDAQ: NP) has reported its first positive quarterly net income of $4.7 million, or $0.02 per share, for the first quarter of fiscal year 2025. This marks a significant turnaround for the company, which has been facing financial challenges in recent quarters [1].

The company's adjusted EBITDA reached $74.1 million, a notable improvement from previous quarters. Free cash flow increased to $15.3 million, indicating a strong cash flow position. Additionally, net cash from operating activities reached $37.8 million, demonstrating robust operational performance.

Nextel Partners experienced a substantial increase in its subscriber base, with ending subscribers reaching 1.3 million, a 37% year-over-year (YoY) increase. Service revenues grew by 43% YoY to $287.3 million, driven by this subscriber growth. The company also reported a year-over-year (YoY) increase in average revenue per user (ARPU) by $2 to $67 [1].

The company has raised its guidance for the fiscal year, reflecting its optimism about the future. This positive outlook is supported by the company's strong financial performance and subscriber growth in the first quarter.

References:
[1] https://finance.yahoo.com/news/booz-allen-hamilton-holding-corp-070115850.html