Crown Castle (CCI) Revenue — Quarter Ended Jun 30, 2023
Revenue declined in the current quarter compared with both the prior quarter and the same quarter a year earlier. The downward trend continued from the previous period, with the year-over-year decrease more pronounced than the sequential drop.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue declined in the current quarter compared with both the prior quarter and the same quarter a year earlier. The downward trend continued from the previous period, with the year-over-year decrease more pronounced than the sequential drop.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$139M
Revenue reported for this quarter.
Quarter-over-quarter
-6.7%
Change from the immediately preceding quarter.
Year-over-year
-16.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$652M
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 |
|---|---|---|
| Sep 30, 2022 | $178M | +6.6% |
| Dec 31, 2022 | $186M | +3.3% |
| Mar 31, 2023 | $149M | -10.2% |
| Jun 30, 2023 | $139M | -16.8% |
Revenue performance
Reported revenue moved lower for the quarter ended June 30, 2023, reflecting a sequential decline from the immediately preceding quarter.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was also lower, and the year-over-year decrease was larger than the sequential decline. The trailing twelve-month revenue total was lower than the sum of the four most recent quarters shown.
What to watch
The sequential and year-over-year revenue declines warrant monitoring for any further deterioration in the next quarter.