GCI reported March 2 that its fourth quarter revenues grew $13 million or five percent over the same quarter the previous year, and were up $68 million or eight percent for 2015 over the previous year. The gains were driven by growth in wireless roaming and in broadband data products, the company said.
Quarterly Adjusted EBITDA was $71 million, which is flat when compared with the fourth quarter of 2014. Adjusted EBITDA for the year was $330 million, up $7 million or two percent over the prior year. Adjusted EBITDA for the quarter was negatively affected by a reduction in political advertising revenues, which were down approximately $5 million on a year-over-year basis as well as approximately $4 million in non-recurring SG&A charges.
“We finished 2015 on strong operational footing, which sets us up to capitalize on opportunities in 2016”, said Ron Duncan, GCI’s president and chief executive officer. “Our broadband data products continue to provide core growth and our new wireless roaming agreements secure an important revenue source for the long-term health of the company.”
In its self-description, the company says “GCI’s cable systems, which provide voice, video, and broadband data services, pass 90 percent of Alaska households. GCI operates Alaska’s most extensive terrestrial/subsea fiber optic and microwave network which connects not only Anchorage but also Fairbanks, Western Alaska and Juneau/Southeast Alaska to the lower 48 states with a diversely routed, protected network. GCI’s satellite network provides communications services to small towns and communities throughout rural Alaska. GCI’s newly constructed statewide mobile wireless network seamlessly links urban and rural Alaska for the first time in the state’s history.”