Zayo tops $636m in revenue but misses expectations

Zayo Group reported $638.0 million of consolidated revenue for the quarter ending 30-June-2017, including $509.1 million from the Communications Infrastructure segments and $128.9 million from the Allstream segment.

Net income amounted to $23.2 million, including $11.3 million from the Communications Infrastructure segments and $11.9 million from the Allstream segment.

The company reported $310.8 million of adjusted EBITDA, including $280.8 million from Communications Infrastructure and $30.0 million from the Allstream segment.

Excluding Allstream, Zayo's churn was 1.2%1 , resulting in net installs of $1.4M, implying an organic growth rate of 3%.

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