Cincinnati Bell (CBB) Misses Q4 EPS by 11c, Slight Beat on Revenues; Provides FY20 Revenue Outlook

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Go back to Cincinnati Bell (CBB) Misses Q4 EPS by 11c, Slight Beat on Revenues; Provides FY20 Revenue Outlook

Cincinnati Bell Reports Fourth Quarter and Full Year 2019 Results

February 13, 2020 6:15 AM EST

FULL YEAR HIGHLIGHTS

Revenue and Adjusted EBITDA were both in-line with financial guidance Revenue totaled $1,537 million generating operating income of $73 million Adjusted EBITDA1 of $405 million Entertainment and Communications revenue totaled $996 million, generating Adjusted EBITDA of $366 million
- Cincinnati Fioptics revenue totaled $353 million, up 4% from a year ago
- Fiber-to-the-premise (FTTP) HSI subscribers were up 17,700 in Cincinnati and 3,800 in Hawaii, compared to a year ago IT Services and Hardware revenue totaled $567 million, generating Adjusted EBITDA of $54 million Hawaiian Telcom revenue totaled $347 million, generating Adjusted... More