CenturyLink’s revenue trend
CenturyLink’s (CTL) top line has been falling in the last few quarters. Its net sales in the first quarter were $5.6 billion compared to $5.9 billion in the first quarter of 2018, a fall of ~5.0% YoY (year-over-year).
The company missed the consensus revenue estimate by $62 million in the first quarter. Its net revenue fell ~2.3% compared to the previous quarter.
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In the first quarter, CenturyLink’s International and Global Accounts segment’s revenue fell ~4.7% YoY to $891 million, while its Enterprise segment’s revenue fell ~1.6% YoY to $1.5 billion. The company’s Small and Medium Business segment’s revenue fell ~3.7% YoY to $755 million in the first quarter. Its Wholesale segment’s revenue fell ~6.6% YoY to $1.0 billion, and its Consumer segment’s revenue fell ~8.2% YoY to $1.4 billion.
In comparison, Comcast’s (CMCSA) revenue rose ~17.8% YoY to reach $26.9 billion in the first quarter, Charter Communications’ (CHTR) revenue rose ~5.2% YoY to $11.2 billion, and Frontier Communications’ (FTR) revenue fell ~4.5% YoY to $2.1 billion in the quarter.