Crown Castle (CCI) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter increased compared to the immediately preceding quarter. However, revenue declined sharply compared to the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter increased compared to the immediately preceding quarter. However, revenue declined sharply compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$46M
Revenue reported for this quarter.
Quarter-over-quarter
+7.0%
Change from the immediately preceding quarter.
Year-over-year
-69.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$318M
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, 2023 | $139M | -16.8% |
| Sep 30, 2023 | $90M | -49.4% |
| Dec 31, 2023 | $43M | -76.9% |
| Mar 31, 2024 | $46M | -69.1% |
Revenue performance
The reported revenue direction is upward from the prior quarter, reversing a multi-quarter downward trend. The sequential improvement follows three consecutive quarters of declining revenue.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose. Compared to the same quarter one year earlier, revenue was substantially lower.
What to watch
The filing context does not provide specific causes for the revenue changes; monitor future filings for underlying drivers.