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Jun 30, 2023
Frontier Communications Q2 2023 Earnings Report
Frontier Communications reported a net loss, but showed growth in fiber broadband and business/wholesale revenue.
Key Takeaways
Frontier Communications reported Q2 2023 results with a revenue of $1.45 billion and a net loss of $2 million. The company saw growth in fiber broadband customers and positive revenue growth in the business and wholesale sectors for the first time in six years. They also reaffirmed their full-year 2023 operational and financial expectations.
Added 66,000 fiber broadband customers, a 19% year-over-year increase.
Consumer fiber broadband customer churn decreased to 1.41% from 1.43% in Q2 2022.
Business and wholesale revenue increased 0.3% year-over-year.
Consumer fiber broadband ARPU decreased 0.4% year-over-year, but sequentially increased 2.7%.
Revenue by Segment
Forward Guidance
Frontier reaffirmed its operational and financial expectations for 2023, with guidance not assuming any impact from the recently priced fiber securitization transactions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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