Shentel 2024 revenue rose 21.9% to $328.1 million; continuing ops lost $28.4 million
Shentel reported fourth-quarter and full-year 2024 results on February 20, 2025. Revenue and Adjusted EBITDA grew, helped by the Horizon Telcom acquisition and Glo Fiber expansion, but the company posted a loss from continuing operations as depreciation, amortization and interest expense rose. Full-year net income attributable to common shareholders of $190.4 million was driven by a $220.2 million gain on the sale of discontinued operations.
Key points
- Full-year 2024 revenue was $328.1 million, up $58.9 million or 21.9%, including $47.7 million from the newly acquired Horizon markets.
- Loss from continuing operations was $28.4 million in 2024, compared with income of $1.0 million in 2023.
- Adjusted EBITDA rose 19.7% to $94.6 million for 2024; fourth-quarter revenue was $85.4 million, up 25.8%.
- Net income attributable to common shareholders was $190.4 million, supported by a $220.2 million gain on discontinued operations.
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 20, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.