Adjusted EBITDA loss improved to $10 million, a 36% improvement sequentially and 17% year-over-year.
Cash balance at quarter end was $239 million.
Excluding one-time adjustments, revenue grew 22% sequentially and 4% year-over-year.
Net cash used in operating activities was $21 million, or $8 million excluding litigation settlements, insurance recovery, and debt payments.
Net loss was $9 million, compared to net income of $26 million in the prior year quarter, with a $3 million year-over-year improvement excluding certain items.
Paying MAU was 146,000, up 18% sequentially and 20% year-over-year.
Q2 GAAP revenue was $27 million, up 30% sequentially and 8% year-over-year.
Adjusted EBITDA was $804 million, down 7.3% year-over-year but slightly up sequentially, with a margin of 37.4% declining 130 basis points year-over-year.
Broadband ARPU grew 0.9% year-over-year to $74.77, while residential ARPU declined 1.7% to $133.68, pressured mainly by video.
Cash capital expenditures were $384 million in Q2, up 10% year-over-year, with full year 2025 CapEx expected around $1.2 billion.
Gross margin expanded by 120 basis points to 69.1%, driven by a shift towards broadband and optimized video margins.
Other operating expenses increased by approximately 4%, driven by consulting fees, sales and marketing investments, and employee health and wellness costs.
Total revenue declined 4.2% year-over-year, primarily due to video cord-cutting which accounted for about 85% of the decline.
Dafinchi