Frontier Communications Parent, Inc. (NASDAQ:FYBR) Q2 2022 Earnings Conference Call August 5, 2022 8:30 AM ET
Company Participants
Spencer Kurn - SVP, IR
John Stratton - Executive Chairman
Nicholas Jeffery - President, CEO & Director
Scott Beasley - EVP & CFO
Conference Call Participants
Brett Feldman - Goldman Sachs Group
Philip Cusick - JPMorgan Chase & Co.
Gregory Williams - Cowen and Company
Vikash Harlalka - New Street Research
Matthew Harrigan - The Benchmark Company
Simon Flannery - Morgan Stanley
Nick Del Deo - MoffettNathanson
Frank Louthan - Raymond James & Associates
Operator
Welcome to today's Frontier Communications Q2 2022 Earnings Call. My name is Jordan, and I'll be coordinating your call today. [Operator Instructions]. I'm now going to hand over to Spencer Kurn, Senior Vice President of Investor Relations, to begin. Spencer, please go ahead.
Spencer Kurn
Good morning, and welcome to Frontier Communications' Second Quarter 2022 Earnings Call. This is Spencer Kurn, Frontier's Head of Investor Relations. And joining me on the call today is John Stratton, Executive Chairman of the Board; Nick Jeffrey, President and Chief Executive Officer; and Scott Beasley, Chief Financial Officer. Today's presentation can be followed within the webcast and is available in the Events and Presentations section of our Investor Relations website.
Let me now refer you to Slide 2, which contains our safe harbor disclaimer and remind you that this conference call may include forward-looking statements that involve risks and uncertainties and that may cause actual results to differ materially from those expressed today. In addition, during this call, we will 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
Good morning, everyone, and thank you for joining today's discussion. Let me start with an updated snapshot of where our company is today on Slide 4. Frontier is well positioned to win in key markets, and we continue to realize our unique opportunity to create significant shareholder value. Our footprint passes a total of 15 million locations across 25 states. 4.4 million of these locations are passed by our superior fiber optic network, and we plan to expand our fiber footprint to at least 10 million locations by 2025. Our reach continues to expand, and we now serve 2.8 million broadband customers across both consumer and commercial businesses.
In the last 12 months, we've generated $6 billion of revenue and $2.2 billion of adjusted EBITDA, which represents a 37% adjusted EBITDA margin. As we've said before, fiber is the future of Frontier. This is becoming our reality as fiber products alone generated $2.7 billion of our revenue and $1.1 billion of our EBITDA in the last 12 months. Fiber now represents the majority of customers and EBITDA, and we are relentlessly focused on investing to grow our fiber EBITDA rapidly.