CenturyLink’s revenue trends
CenturyLink’s (CTL) pro forma top line has been declining over the past few quarters. Analysts expect CenturyLink’s revenue to fall ~3.6% YoY (year-over-year) from $6.0 billion to $5.8 billion in the fourth quarter. CenturyLink’s net revenue fell ~2.5% YoY from $18.1 billion to $17.7 billion in the first nine months of 2018, and ~3.6% YoY from $6.0 billion to $5.8 billion in the third quarter.
CenturyLink’s business segment revenue fell YoY in the third quarter, from $4.43 billion to $4.29 billion, and its consumer revenue fell YoY from $1.42 billion to $1.36 billion. It reported regulatory revenue of $178 million.
To compare, AT&T’s (T) revenue is expected to grow ~15.9% YoY to $48.5 billion in the fourth quarter, while Verizon’s (VZ) is expected to grow ~1.2% YoY to $34.4 billion. Windstream Holdings’ (WIN) and Frontier Communications’ (FTR) revenue is expected to fall ~5.8% YoY and ~6.1% YoY to $1.4 billion and $2.1 billion, respectively.