Frontier Communications Parent, Inc. (NASDAQ:FYBR) Q1 2022 Earnings Conference Call May 6, 2022 8:30 AM ET
Company Participants
Spencer Kurn - Head, Investor Relations
John Stratton - Executive Chairman
Nick Jeffery - President and Chief Executive Officer
Scott Beasley - Chief Financial Officer
Conference Call Participants
Brett Feldman - Goldman Sachs
Philip Cusick - JP Morgan
Anthony Nemoto - Citi
Greg Williams - Cowen
Vikash Harlalka - New Street Research
Frank Louthan - Raymond James
Simon Flannery - Morgan Stanley
Nick Del Deo - MoffettNathanson
Operator
Welcome to the Frontier Q1 2022 Earnings Call. [Operator Instructions] Please be advised that today’s conference is being recorded. I’d now like to hand over the conference to your speaker today, Spencer Kurn, Head of Investor Relations. Thank you and please go ahead.
Spencer Kurn
Good morning and welcome to Frontier Communications’ first 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 Jeffery, 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 can change our Safe Harbor disclaimer and remind you 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. 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 will turn the call over to John.
John Stratton
Good morning, everyone and thank you for joining today’s discussion. Our business remains well positioned to win in key markets and we continue to execute on our unique opportunity to create significant shareholder value. We have a solid foundation of fiber assets, a significant customer base and strong competitive positioning.
In the last 12 months, we generated $6.2 billion of revenue and $2.3 billion of adjusted EBITDA, which represents a 37% adjusted EBITDA margin. Driving this performance are 2.8 million broadband customers across both consumer and commercial businesses. As we have said before, fiber is the future of Frontier. $1.1 billion of our EBITDA in the last 12 months has been generated by our fiber products and we are investing to grow our fiber EBITDA rapidly. We now have approximately 400,000 businesses within 250 feet of our fiber and over 23,000 towers within one mile of our fiber.