CenturyLink’s revenues in Q4 2018
In the earlier part of this series, we discussed Wall Street’s expectations for CenturyLink’s (CTL) fourth-quarter earnings. Now let’s look at the expected total revenue of the telecom company in the fourth quarter. Wall Street analysts expect the company’s total revenue to fall ~3.8% YoY to reach $5.8 billion in the fourth quarter on a pro forma basis.
In the third quarter, CenturyLink’s total operating revenues declined by ~3.6% YoY to reach $5.8 billion on a pro forma basis. The company reported Business segment revenues of $4.3 billion in the third quarter compared to $4.4 billion in the third quarter of 2017 on a pro forma basis. Meanwhile, the company had reported Consumer segment revenues of $1.36 billion in the third quarter, down from $1.42 billion in the year-ago quarter on a pro forma basis. In addition, CenturyLink reported Regulatory segment revenues of $178 million in the third quarter.
In comparison, Windstream Holdings’ (WIN) total revenue is expected to decline ~5.9% YoY to $1.4 billion in the quarter, which ended on December 31, while AT&T’s (T) total revenue is expected to rise ~15.9% YoY to $48.5 billion. Verizon’s (VZ) total revenue is expected to grow ~1.4% YoY to $34.4 billion in the same period. Frontier Communications (FTR) revenues are expected to fall ~6.1% YoY to $2.1 billion.
In the next part, we’ll discuss how much consolidated adjusted EBITDA we can expect from CenturyLink in the fourth quarter.