exceeded morning, passed Thank for is of team Nick. I'll X.X our quarter goal the excellent financial And guidance passings QX you, another and We XXX,XXX X snapshot and the share We results. of The delivered of our highlights. and walk good our then quarter million XXXX. operational everyone. Slide fiber through highlights locations a new fiber in from operational you XXXX.
the in fiber XX,XXX customers quarter. added We broadband
versus early our we base implemented ARPU by while and offered initiatives We XXXX services. We XXXX. numerous QX growth. tiers, to X% also growing in charging for drive faster adjusted of customer value-added grew speed pricing Importantly, ARPU started
and taking faster, of XX% roughly As customers purchased new X customers gig a or one are result, nearly speeds XX% at least of service. our of value-added
to X.XX% surpassing the improved the $XXX our of XX savings the broadband million basis savings Consumer Last, in That's at cost the target down achieved double of also XXXX, fiber prior points year. churn from end for program. quarter. we initial
turn revenue performance. consumer strong XX% show Slide revenue to Let's revenue X%. financial growth growth total was strong of billion, improved fourth drove how In fiber of results to $X.XX quarter, drove consumer the XX operational our
We $XX up our our million came This million of EBITDA That's products. earned X% fiber EBITDA of of growth EBITDA. quarter income adjusted since and adjusted $XXX of had $XX The XXXX. year-over-year. million was fastest from net
cash Additionally, we billion XXXX. of cash from bringing to $XXX million from our operations. operations in generated $X.X net
core into drivers. each deeper our growth dive Let's of
Our EBITDA healthy reduction ARPU growth program. accelerated driven been significant growth cost a customer and by growth has
can If since growing to our million you record a The with broadband our XXXX Slide of ended milestone, transformation. We you growth X significant XX, our progress X is customers. see roughly base. a fiber turn the beginning XX% figure broadband fiber customer million representing
now penetration months. or and at to ranges target In expansion fiber sits our our Our performing at all cohorts of XX at XX are target close markets XX.X%, above base XX%.
months. XX reached smaller of build roughly fiber at XXXX Our locations penetration cohort, XX,XXX XX%
years. X the We way are terminal our penetration just now XX% to of after almost
to Turning Slide XX.
gaining note fiber We Consumer revenue on in will grew we XXXX. the high strong are with fiber Our QX, performance. to trend ended XX% growth. year continue consumer success this is translating driven accelerate and into growth, customers fiber that revenue a confident by in our revenue
growth lift the video a consumer offset as copper inflection ago This declines fiber the row, legacy declines finally growth key from fiber resulting than in broadband revenue consumer X consumer X%. total offset us For to quarter quarters products. of second voice and a point in the revenue was began more for of
quarters. continues, further revenue growth coming dynamic the this expect we to As in consumer accelerate
in in wholesale. X% SMB to wholesale and the year-over-year was quarter a lumpy. QX for and business because difficult tends growth declines be enterprise Business was fourth wholesale onetime as wholesale of fiber by declined XXXX comparison offset of benefits in revenue several the as
QX. and wholesale in We fiber business to expect return year-over-year to growth revenue
Moving to Slide XX.
led in the revenue in EBITDA grew acceleration X% trends an and growth. customer adjusted quarter. Our by We to important fourth EBITDA
EBITDA end same shared, we by XXXX, growth. EBITDA plan It the cost same the a At the Day, business fiber managed expected we Nick year EBITDA copper set declines. was year took time, by XXXX revenue XXXX. reverse Investor driven growth and we the story out At for for declining was the quarter. structurally of growth primarily of and out the As in full our our to
EBITDA the to to XX,XXX-plus our XXXX. want few Through in but for We'll year. And about of expectation talk milestone. minutes accelerated the I work growth importantly, hitting thank hard in our EBITDA our team XXXX, full we critical in throughout accelerate employees, growth growth this a adjusted our returned to year
XXXX to on $X.XX vendor of of financing get $X.XX before total guidance. minutes expenditures billion liquidity $X investment We billion. few a spend we million capital plus expenditures Let's for capital delivered and of capital
year capital highlight our declined investment. X in a mix. cost inventory, the prework build half and capital points fiber There are the we consumed second like to that working from spend on in benefited I'd lower expected, As of build as managed
million X.X range location fiber at our roughly XXXX in location. $X,XXX our bill $XXX new to began of we a locations we landed approximately First, $X,XXX location. fiber building of direct cost direct cost per within have XXXX, build per per Since passed
expect We project $X,XXX continue a $X,XXX to future spend cost location per the per location, range approximately in total passings passed. to $X,XXX in to resulting
mix the capital will XXXX. to our of Second, evolve continue investment in
begin acquisition adds. We increase to expect build while our to our fiber with CapEx will spend gross customer higher decline,
be in XXXX. investment capital expect we XXXX Overall, to lower than
confidence XX. we phase, are through continue build deliver in We above liquidity We'll our generate to cash free teens, high IRRs of will turn to well on will the fiber high now Slide investment to business have Once our mid our cost significant that growing flows. the capital.
end liquidity. of billion of had $X.X the quarter, At we the
landmark As build us gives to we our our shared fully securitization to fund in a deal path million XX fiber passings. August,
balance liquidity strong debt sheet of our and rates. to capital, In remains our healthy fixed XX% our with access addition at approximately to
do any on have until Slide close XXXX with XXXX. I'll significant guidance. today maturities not our Finally, we XX
mid-single-digit adjusted important to this is The guidance most which accelerate our year. EBITDA, growth expect of we part will
of EBITDA in $X.XX deliver expect adjusted in and growth every billion quarter. $X.XX XXXX, expect We year-over-year we to billion to
of We consumer and as roughly growth revenue X%. full with business also performance year minus plus or stable growth expect combined accelerating wholesale
to is we expect with locations pass now, as build balance X.X pace Operationally, our with fiber. operational we efficiency. this optimal another million Right speed
XXXX. which financing representing approximately capital payments billion includes and billion, cash decline to expenditures vendor $X.X versus of a also $X.X We investment, capital expect
to our of industry. rest scaled with payment we've line build, we been secure the in terms more fiber able As favorable the
comprised Vendor of financing. of guidance, meaning financing in expenditures capital $X.X cash lines and payments that billion statement, are to from capital the payments included the $X.X will be vendor our X flow investment billion
XXXX, timing-related cadence, of Finally, loaded to and investment and at a in terms of similar first materially fourth capital quarters. front-end being factors stepping the expect down QX second, level the in in result quarter third to in before we
by XXXX XXXX. a of do, want success We forward wrap set everything to I'm you I say to new As it the for in doing these results. Frontier delivering I up, the again our to in center placing thank looking for and bar we at amazing team customer
questions follow-up. now and Operator, line for limit ask our to open participants the themselves one question we'll I'd and one to