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———
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