Frontier Communications Parent, Inc. (NASDAQ:FYBR) Q3 2022 Earnings Conference Call November 2, 2022 8:30 AM ET

Company Participants

Spencer Kurn - Senior Vice President of Investor Relations

John Stratton - Executive Chairman

Nick Jeffery - President and Chief Executive Officer

Scott Beasley - Executive Vice President and Chief Financial Officer

Conference Call Participants

Jonathan Chaplin - New Street

Gregory Williams - Cowen

Frank Louthan - Raymond James

Anthony Nemoto - Citi

Simon Flannery - Morgan Stanley

Nicholas Del Deo - MoffettNathanson

Operator

Welcome to the Frontier Communications Third Quarter 2022 Earnings Call. My name is Harry and I'll be coordinating your call today. [Operator Instructions].

I would now like to hand you over to your host, Spencer Kurn, Head of Investor Relations to begin.

Spencer Kurn

Good morning, and welcome to Frontier Communications' Third Quarter 2022 Earnings Call. This is Spencer Kurn, Frontier's Head of Investor Relations. Joining me on the call today are John Stratton, our Chairman; Nick Jeffery, our President and Chief Executive Officer; and Scott Beasley, our Chief Financial Officer. Today's presentation can be followed within the webcast available in the Events & Presentations section of our Investor Relations website. Before we start, please turn to Slide 2. Here, you'll see our safe harbor disclaimer.

This is a reminder that this conference call may include forward-looking statements that involve risks and uncertainties that may cause actual results to differ materially from those expressed today. During the call, we may refer to certain non-GAAP financial measures, which are defined and reconciled in our earnings presentation, press release and trending schedule.

With that, I'll turn the call over to John.

John Stratton

Thanks, Spencer, and good morning, everyone. Thank you for joining us today. As you saw in our press release, the team delivered another strong quarter of operational results. Our transformation to a fiber-first company is fast becoming our reality. If you turn to Slide 4, you'll see an updated company overview through the third quarter. Let me run you through a few highlights. By the end of this month, we'll reach the five million fiber passing mark, which puts us halfway to our $10 million target. We've also continued to expand our customer reach. We now serve 2.8 million broadband customers across our consumer and business markets. In the last 12 months, we've generated $5.9 billion of revenue and $2.1 billion of adjusted EBITDA. This represents a 36% adjusted EBITDA margin. Our relentless focus on fiber investment has reaped strong results.