Crown Castle (CCI) Revenue — Quarter Ended Sep 30, 2024
Revenue increased compared to the immediately preceding quarter, but declined relative to the same quarter one year earlier. The sequential improvement signals a rebound from the prior period's level, while the year-over-year drop reflects a sustained contraction from a year ago.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue increased compared to the immediately preceding quarter, but declined relative to the same quarter one year earlier. The sequential improvement signals a rebound from the prior period's level, while the year-over-year drop reflects a sustained contraction from a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$54M
Revenue reported for this quarter.
Quarter-over-quarter
+25.6%
Change from the immediately preceding quarter.
Year-over-year
-40.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$186M
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, 2023 | $43M | -76.9% |
| Mar 31, 2024 | $46M | -69.1% |
| Jun 30, 2024 | $43M | -69.1% |
| Sep 30, 2024 | $54M | -40.0% |
Revenue performance
The reported revenue moved upward from the previous quarter, breaking a streak of sequential declines seen in prior periods. This increase marks a positive shift in the quarterly trend.
Quarterly comparison
Compared to the immediately preceding quarter, revenue improved significantly. However, versus the same quarter one year earlier, revenue was substantially lower, indicating a notable drop from the prior-year period.
What to watch
Monitor whether this quarter's sequential growth can be sustained in future periods, given the pronounced year-over-year decline.