Crown Castle (CCI) Revenue — Quarter Ended Jun 30, 2024
Revenue for the current quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects a continued downward trend in reported figures.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the current quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects a continued downward trend in reported figures.
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
-6.5%
Change from the immediately preceding quarter.
Year-over-year
-69.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$222M
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, 2023 | $90M | -49.4% |
| Dec 31, 2023 | $43M | -76.9% |
| Mar 31, 2024 | $46M | -69.1% |
| Jun 30, 2024 | $43M | -69.1% |
Revenue performance
Reported revenue decreased from the prior quarter, and the decline was more pronounced when measured against the same quarter a year ago.
Quarterly comparison
Revenue in the current quarter was lower than the immediately preceding quarter, continuing the pattern of sequential declines observed in recent periods. Compared with the same quarter one year earlier, the revenue figure was also substantially lower.
What to watch
The magnitude of the year-over-year decline warrants monitoring of future revenue trends for potential stabilization or further deterioration.