Key Highlights

● Third-quarter Revenue was $848.1 million, up from $722.6 million a year earlier.

● Adjusted EBITDA was $289.3 million, down from $327.8 million.

● Kinetic reported about 46,000 fiber net additions and 162,000 premises constructed.

● The company raised its 2026 revenue range to $3,665 million to $3,695 million.

Uniti Group Inc. (NASDAQ:UNIT), which trades on Nasdaq under the ticker UNIT, released third-quarter 2026 results on November 9, 2026. The report showed revenue of $848.1 million, up from $722.6 million a year earlier, alongside a net loss and lower Adjusted EBITDA. The company also raised its 2026 revenue outlook. With its Kinetic consumer fiber and Uniti Fiber businesses both in focus, the report offers investors several data points to weigh.

Latest Company Context

Uniti reported third-quarter Adjusted EBITDA of $289.3 million, down from $327.8 million in the prior-year quarter, and a net loss of $244.5 million. The prior-year period showed Net Income of $1,608.9 million, which included a $1,685.4 million gain on settlement of preexisting relationships tied to the Windstream merger, so the comparison is distorted. For 2026, the company guided to revenue of $3,665 million to $3,695 million, a net loss of $620 million to $590 million, Adjusted EBITDA of $1,460 million to $1,490 million and interest expense of about $800 million. The company raised its revenue range, though the prior range was not stated in the release. The release does not report an AFFO figure or a leverage ratio.

Key Business and index Drivers

Fiber is the central theme. Fiber Infrastructure revenue was $201.5 million with a contribution Margin of $98.4 million, roughly 49%. New bookings of about $1.9 million in monthly Recurring Revenue were the second highest on record and up 20% year over year. At Kinetic, consumer fiber revenue grew 22%, with about 46,000 net additions and 162,000 premises constructed, both reported as records. Half of Kinetic's footprint is now passed with fiber, and the company says it remains on track to pass 3.5 million homes by the end of 2029. Uniti Wholesale and Uniti Solutions round out the company's brands, according to market data providers, though the release emphasizes fiber infrastructure and Kinetic. The combination of wholesale and consumer fiber is the stated strategic backbone.

What Investors Should Watch

Interest expense may be the key variable. The guided $800 million is more than half of the midpoint of the Adjusted EBITDA guidance range, a comparison that illustrates how the Capital Structure could weigh on net results even as operations expand. Investors may watch whether Kinetic net additions and construction pace remain strong, whether Fiber Infrastructure bookings continue to build, and how the company approaches refinancing and leverage, which the release did not quantify. Declining Adjusted EBITDA year over year is also worth monitoring against the raised revenue outlook. Investors may also compare future results with the company's reported record construction pace to gauge whether growth is on track.

Fiber Growth Against a Heavy Capital Structure

Uniti's third-quarter report pairs record fiber construction and healthy bookings with lower Adjusted EBITDA and a sizeable net loss. The confirmed facts show a company investing heavily in a fiber transition; whether that Investment translates into stronger Earnings and Cash Flow is a scenario that investors may assess over the coming quarters.