Shentel Reports Q3 Revenue of $89.8 Million and Net Loss of $9.4 Million
Reuters
Oct 30
Shentel Reports Q3 Revenue of $89.8 Million and Net Loss of $9.4 Million
Shenandoah Telecommunications Company (Shentel) reported total revenue of $89.8 million for the third quarter of 2025, a 2.5% increase compared to the third quarter of 2024. Net loss from continuing operations was $9.4 million, compared to a net loss of $5.3 million in the same period a year earlier. Adjusted EBITDA grew 11.8% year-over-year to $29.7 million, with the Adjusted EBITDA margin rising to 33% from 30% in the third quarter of 2024. Revenue from Glo Fiber Expansion Markets increased 41.1% to $21.3 million, driven by a 41.3% rise in average data revenue generating units. During the quarter, the company constructed 20,000 new Glo Fiber passings and added approximately 5,800 new Glo Fiber customers. Additionally, Shentel completed a $5 million acquisition of fiber to the home assets and operations on July 9, 2025, adding around 1,500 passings, 600 residential, and 100 commercial customers. As of September 30, 2025, total Glo Fiber passings reached 400,000 with approximately 83,000 subscribers.
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