NASDAQ$FYBR

Frontier Communications Parent Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Frontier Communications reported a net loss, but showed growth in fiber broadband and business/wholesale revenue.

Frontier Communications reported Q2 2023 results with a revenue of $1.45 billion and a net loss of $2 million. The company saw growth in fiber broadband customers and positive revenue growth in the business and wholesale sectors for the first time in six years. They also reaffirmed their full-year 2023 operational and financial expectations.

  • Added 66,000 fiber broadband customers, a 19% year-over-year increase.
  • Consumer fiber broadband customer churn decreased to 1.41% from 1.43% in Q2 2022.
  • Business and wholesale revenue increased 0.3% year-over-year.
  • Consumer fiber broadband ARPU decreased 0.4% year-over-year, but sequentially increased 2.7%.

Headline financials

Total Revenue

$1.45B

Previous: $1.46B-0.7%
EPS (adj)

-$0.01

Previous: $0.41-102.4%
Net Income

-$2M

Previous: $101M-102.0%
Operating Income

$115M

Previous: $166M-30.7%
Gross Profit

$921M

Previous: $913M+0.9%
Cash & Equivalents

$662M

Previous: $678M-2.4%
Total Assets

$19.2B

Previous: $18B+6.2%
Stock-Based Comp

$27M

Previous: $20M+35.0%

Revenue & EPS history

Frontier Communications · Revenue · Quarterly

$1.45B

Q2 2023-0.7%vs Q2 2022
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Frontier Communications · $2.38B total across 4 segments · Q3 2020

  • Consumer
    $859M-8.9%
  • Data & Internet
    $838M—
  • Voice Services
    $500M—
  • Video Services
    $186M—

Forward guidance

Frontier reaffirmed its operational and financial expectations for 2023, with guidance not assuming any impact from the recently priced fiber securitization transactions.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 8 quarterly earnings reports

Historical avg

+0.1%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+2.5%

Avg return

30 days after

50%

9 / 18 earnings

Positive

+12.1%

Q4 2023

Best reaction

-12.8%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026———
Q3 2025+0.3%+0.2%+0.4%
Q2 2025+0.3%+0.2%+1.6%
Q1 2025+0.1%-0.5%+1.5%
Q4 2025+0.0%+0.5%+0.0%
Q3 2024-1.0%-2.6%-2.6%
Q2 2024-9.8%-5.0%-0.1%
Q1 2024+9.5%+5.6%+11.1%
Q4 2023+12.1%+10.2%+8.3%
Q3 2023+6.8%——
Q2 2023-0.6%——
Q1 2023-12.8%——
Q4 2022-1.4%——
Q3 2022-8.3%——
Q2 2022+3.6%——
Q1 2022-4.0%——
Q4 2021+3.1%——
Q3 2021+3.9%——
Q2 2021-0.5%——
Q1 2021———
Q4 2020———
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