Crown Castle (CCI) Revenue — Quarter Ended Sep 30, 2023
Revenue declined significantly in the reporting quarter compared to both the previous quarter and the same quarter last year. The downward trend from earlier periods continued and deepened.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue declined significantly in the reporting quarter compared to both the previous quarter and the same quarter last year. The downward trend from earlier periods continued and deepened.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$90M
Revenue reported for this quarter.
Quarter-over-quarter
-35.3%
Change from the immediately preceding quarter.
Year-over-year
-49.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$564M
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 |
|---|---|---|
| Dec 31, 2022 | $186M | +3.3% |
| Mar 31, 2023 | $149M | -10.2% |
| Jun 30, 2023 | $139M | -16.8% |
| Sep 30, 2023 | $90M | -49.4% |
Revenue performance
The reported revenue dropped from the immediately preceding quarter, marking a continuation of the sequential declines observed throughout the fiscal year.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was substantially lower, reflecting a pronounced year-over-year contraction. The trailing twelve-month revenue also reflected the cumulative effect of these quarterly decreases.
What to watch
The sustained and accelerating revenue declines warrant attention to factors that may continue to pressure future performance.