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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%.
Frontier Communications
Frontier Communications
Frontier Communications Revenue by Segment
Revenue by Segment
Consumer Revenue
CapyFin.com Forward Guidance
Frontier reaffirmed its operational and financial expectations for 2023, with guidance not assuming any impact from the recently priced fiber securitization transactions.