The internet-service provider announced Thursday afternoon that it had sustained losses totaling $915 million in Q2. That prompted its stock to take a nosedive after markets closed, dropping nearly 7.5 percent before recovering slightly to $4.25 a share as of 5:30 PM ET, $0.20 lower than at closing. The diluted loss per share was $0.92 in the quarter, compared to a loss of $0.05 per share in Q2 2024.
Most of the company’s losses came from accounting changes tied to the sale of its fiber-to-the-home business to AT&T for $5.75 billion – not from money actually spent
Blandin on Broadband
News and information on broadband use, policy, and trends
