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Analyzing CenturyLink’s Revenue Trends in 2019

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Jun. 24 2019, Published 8:03 a.m. ET

Revenue trends

CenturyLink’s (CTL) top line has been declining in the last few quarters. In the first quarter, the company reported net revenues of $5.6 billion—a fall of 5.0% on a YoY (year-over-year) basis. CenturyLink missed analysts’ consensus revenue expectation by $62 million in the first quarter.

In the first quarter, CenturyLink’s Enterprise segment’s revenues fell 1.6% YoY to $1.5 billion. The company’s International and Global Accounts segment’s revenues fell 4.7% YoY to $891 million. The company’s Wholesale segment’s revenues fell 6.6% YoY to $1.0 billion in the first quarter. The Small and Medium Business segment’s revenues fell 3.7% YoY to $755 million, while the Consumer segment’s revenues fell 8.2% YoY to $1.4 billion.

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Analysts expect CenturyLink’s net revenues to change YoY by -5.0% to $5.604 billion in the second quarter, -4.2% to $5.572 billion in the third quarter, and -4.0% to $5.548 billion in the fourth quarter. Analysts also expect the company’s net revenues to change YoY by -4.6% to $22.4 billion in 2019, -2.7% to $21.8 billion in 2020, and -2.8% to $21.2 billion in 2021.

Peers’ performance

Comcast’s (CMCSA) revenues are expected to rise 26.2% YoY to $27.4 billion in the second quarter, while Charter Communications’ (CHTR) revenues are expected to rise 5.0% YoY to $11.4 billion. Frontier Communications’ (FTR) revenues are expected to fall 4.2% YoY to $2.1 billion in the second quarter.

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