uploads///Telecom CenturyLink Q Adjusted Revenue

Did CenturyLink’s Top Line Meet the Target in the Fourth Quarter?

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Feb. 15 2019, Published 8:08 a.m. ET

CenturyLink’s revenue trends

CenturyLink’s (CTL) top line has been declining over the past few quarters on a pro forma basis. CenturyLink’s net revenues in the fourth quarter were $5.8 billion compared to $6.0 billion in the fourth quarter of 2017 on a pro forma basis, which is down ~3.8% YoY. The company missed the consensus revenue estimate by $3 million in the fourth quarter.

CenturyLink reported Business segment revenues of $4.3 billion in the fourth quarter as compared to $4.4 billion posted in the fourth quarter of 2017 on a pro forma basis. Meanwhile, the company reported Consumer segment revenues of $1.3 billion in the fourth quarter, down from $1.4 billion in the year-ago quarter on a pro forma basis. In addition, the company reported Regulatory segment revenues of $177 million in the fourth quarter.

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Peer comparison

In comparison, AT&T’s (T) consolidated revenues grew ~15.2% YoY to $48.0 billion in the fourth quarter, while Verizon’s (VZ) revenues rose ~1.0% YoY to $34.3 billion. Windstream Holdings’ (WIN) revenues are expected to decline ~6.0% YoY to $1.4 billion. Frontier Communications’ (FTR) revenues are expected to decline ~6.0% YoY to $2.1 billion.

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