Crown Castle (CCI) Revenue — Quarter Ended Dec 31, 2023
Revenue for this quarter declined sharply compared to both the immediately preceding quarter and the same quarter one year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for this quarter declined sharply compared to both the immediately preceding quarter and the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$43M
Revenue reported for this quarter.
Quarter-over-quarter
-52.2%
Change from the immediately preceding quarter.
Year-over-year
-76.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$421M
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 |
|---|---|---|
| Mar 31, 2023 | $149M | -10.2% |
| Jun 30, 2023 | $139M | -16.8% |
| Sep 30, 2023 | $90M | -49.4% |
| Dec 31, 2023 | $43M | -76.9% |
Revenue performance
The quarterly revenue continued a downward trend observed throughout the fiscal year, with each subsequent quarter reporting lower revenue than the prior one.
Quarterly comparison
Compared to the preceding quarter, revenue was lower, and relative to the same quarter a year ago, the decline was even more pronounced.
What to watch
The sustained sequential revenue declines may warrant attention to underlying demand or operational trends.