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Sep 30, 2024
Frontier Communications Q3 2024 Earnings Report
Frontier's third quarter results were reported, featuring revenue growth and strategic fiber expansion.
Key Takeaways
Frontier Communications reported a revenue increase of 3.7% year-over-year to $1.49 billion, driven by growth in fiber-based products. The company added 381,000 fiber passings and 108,000 fiber broadband customers. Operating income was $86 million, but the company reported a net loss of $82 million.
Added 381,000 fiber passings, reaching 7.6 million total locations.
Increased fiber broadband customers by 108,000, a 19.3% year-over-year growth.
Consumer fiber broadband ARPU increased to $65.40, up 1.4% year-over-year.
Revenue increased by 3.7% year-over-year to $1.49 billion.
Revenue by Segment
Forward Guidance
Due to the pending transaction with Verizon, Frontier will not host a conference call to review the third quarter or provide a financial outlook.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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