NASDAQ$FYBR

Frontier Communications Parent Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Frontier's third quarter results were reported, featuring revenue growth and strategic fiber expansion.

Frontier Communications reported a revenue increase of 3.7% year-over-year to $1.49 billion, driven by growth in fiber-based products. The company added 381,000 fiber passings and 108,000 fiber broadband customers. Operating income was $86 million, but the company reported a net loss of $82 million.

  • Added 381,000 fiber passings, reaching 7.6 million total locations.
  • Increased fiber broadband customers by 108,000, a 19.3% year-over-year growth.
  • Consumer fiber broadband ARPU increased to $65.40, up 1.4% year-over-year.
  • Revenue increased by 3.7% year-over-year to $1.49 billion.

Headline financials

Total Revenue

$1.49B

Previous: $1.44B+3.7%
EPS (adj)

-$0.33

Previous: $0.05-760.0%
Total Fiber Revenue

$454M

No prior period
Total Copper Revenue

$141M

No prior period
Capital Expenditures

-$699M

Previous: -$671M-4.2%
Net Income

-$82M

Previous: $11M-845.5%
Operating Income

$86M

Previous: $114M-24.6%
Gross Profit

$541M

Previous: $535M+1.1%
Stock-Based Comp

$17M

Previous: $30M-43.3%

Revenue & EPS history

Frontier Communications · Revenue · Quarterly

$1.49B

Q3 2024+3.7%vs Q3 2023
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

Due to the pending transaction with Verizon, Frontier will not host a conference call to review the third quarter or provide a financial outlook.

Historical earnings impact

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

Avg. return before/after earnings

Based on 8 quarterly earnings reports · overlaid with Q3 2024

Historical avgQ3 2024

+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
Q3 2020
Q2 2020
Q4 2019
Q1 2020
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010

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