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CenturyLink: Analyzing Its Revenue Trend

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CenturyLink’s revenue trend

CenturyLink’s (CTL) top line has been declining in the past few quarters on a pro forma basis. In 2018, CenturyLink’s total revenues declined ~2.8% YoY (year-over-year) to $23.4 billion from $24.1 billion in 2017 on a pro forma basis. In the fourth quarter of 2018, the company’s total revenues fell ~3.8% YoY to $5.8 billion from $6.0 billion in the fourth quarter of 2017 on a pro forma basis.

Analysts expect CenturyLink’s revenues to see YoY changes of -3.5% to $5.73 billion in the first quarter, -3.4% to $5.70 billion in the second quarter, -2.8% to $5.65 billion in the third quarter, and -2.4% to $5.64 billion in the fourth quarter of 2019. Analysts expect CenturyLink’s revenues to see YoY changes of -3.2% to $22.7 billion in 2019, -2.3% to $22.2 billion in 2020, and -2.3% to $21.7 billion in 2021.

Peer comparison

In comparison, Comcast’s (CMCSA) revenues are expected to rise ~20.2% YoY to $27.4 billion in the first quarter. Charter Communications’ (CHTR) revenues are expected to rise ~5.1% YoY to $11.2 billion. Frontier Communications’ (FTR) revenues are expected to fall ~4.4% YoY to $2.1 billion in the first quarter.

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