Shares of Uniti Group Inc (UNIT) plummeted 6.20% in early trading on Tuesday following the release of its disappointing first-quarter 2025 financial results. The sharp decline comes as the company reported revenue that fell significantly short of analyst expectations, raising concerns about its performance and growth prospects.

Uniti Group announced Q1 revenue of $237.023 million, substantially below the $295.8 million estimated by analysts polled by IBES. This considerable miss on the top line appears to be the primary driver behind the stock's steep drop, as investors reacted negatively to the company's underperformance relative to market expectations.

Despite the revenue shortfall, Uniti Group reported some positive figures, including an adjusted funds from operations (FFO) of $92.3 million and a net income of $12.22 million for the quarter. However, these metrics seemed to offer little consolation to investors, who remained focused on the significant revenue miss. The company also provided a full-year 2025 revenue outlook of $1,196 million to $1,216 million, but this guidance did not appear to alleviate immediate concerns about the company's performance.