Crown Castle (CCI) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter decreased compared to both the immediately preceding quarter and the same quarter one year earlier. This marks a reversal from the growth seen in the prior three quarters.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter decreased compared to both the immediately preceding quarter and the same quarter one year earlier. This marks a reversal from the growth seen in the prior three quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$149M
Revenue reported for this quarter.
Quarter-over-quarter
-19.9%
Change from the immediately preceding quarter.
Year-over-year
-10.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$680M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $167M | +5.7% |
| Sep 30, 2022 | $178M | +6.6% |
| Dec 31, 2022 | $186M | +3.3% |
| Mar 31, 2023 | $149M | -10.2% |
Revenue performance
The reported revenue declined from the previous quarter, continuing a downward trend after consecutive increases in earlier periods.
Quarterly comparison
When measured against the prior quarter, revenue was lower; similarly, it was down from the year-ago period.
What to watch
The shift from sequential growth to a decline warrants attention in upcoming filings.