Frontier Communications Parent, Inc.FYBREarnings & Financial Report
Frontier Communications Parent, Inc. is an American telecommunications company with a fiber-optic network and cloud-based services owned by Verizon. It was previously known as Citizens Utilities Co., Citizens Communications Co., and Frontier Communications Corp.
Revenue
$1.5B
Gross Profit
$950.0M
Operating Profit
$91.0M
Net Profit
$-123.0M
Gross Margin
64.8%
Operating Margin
6.2%
Net Margin
-8.4%
YoY Growth
2.7%
EPS
$-0.49
Frontier Communications Parent, Inc. Q2 FY2024 Financial Summary
Frontier Communications Parent, Inc. reported revenue of $1.5B (up 2.7% YoY) for Q2 FY2024, with a net profit of $-123.0M (down 6050.0% YoY) (-8.4% margin). Cost of goods sold was $516.0M, operating expenses totaled $859.0M.
Key Financial Metrics
| Total Revenue | $1.5B |
|---|---|
| Net Profit | $-123.0M |
| Gross Margin | 64.8% |
| Operating Margin | 6.2% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Frontier Communications Parent, Inc. Q2 FY2024 revenue of $1.5B breaks down across 4 segments, led by Data And Internet Services at $983.0M (67.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Data And Internet Services | $983.0M | 67.1% |
| Voice Services | $312.0M | 21.3% |
| Video Services | $88.0M | 6.0% |
| Other Customer Revenues | $83.0M | 5.7% |
Frontier Communications Parent, Inc. Revenue by Segment — Quarterly Trend
Frontier Communications Parent, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Data And Internet Services and Voice Services) has evolved quarter over quarter.
| Segment | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|
| Data And Internet Services | — | $1.1B | $1.0B | $1.0B |
| Voice Services | — | $282.0M | $290.0M | $297.0M |
| Video Services | — | $68.0M | $74.0M | $79.0M |
| Other Customer Revenues | — | $87.0M | $82.0M | $85.0M |
Frontier Communications Parent, Inc. Annual Revenue by Year
Frontier Communications Parent, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $5.9B).
| Year | Annual Revenue |
|---|---|
| 2024 | $5.9B |
| 2023 | $5.7B |
| 2022 | $5.7B |
Frontier Communications Parent, Inc. Quarterly Revenue & Net Profit History
Frontier Communications Parent, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $1.5B | +4.2% | $-76.0M | -5.0% |
| Q2 FY2025 | $1.5B | +3.8% | $-123.0M | -8.1% |
| Q1 FY2025 | $1.5B | +3.4% | $-64.0M | -4.3% |
| Q4 FY2024 | $1.5B | +5.7% | $-118.0M | -7.9% |
| Q3 FY2024 | $1.5B | +3.5% | $-82.0M | -5.6% |
| Q2 FY2024 | $1.5B | +2.7% | $-123.0M | -8.4% |
| Q1 FY2024 | $1.4B | +2.0% | $1.0M | 0.1% |
| Q4 FY2023 | $1.4B | -1.0% | $17.0M | 1.2% |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.41B | $1.45B | $1.47B | $1.47B | $1.49B | $1.50B | $1.52B | $1.53B |
| YoY Growth | -1.0% | 2.0% | 2.7% | 3.5% | 5.7% | 3.4% | 3.8% | 4.2% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $20.69B | $20.20B | $20.19B | $20.86B | $20.61B | $20.90B | $21.27B | $21.63B |
| Liabilities | $15.41B | $14.94B | $15.06B | $15.79B | $15.67B | $16.02B | $16.50B | $16.93B |
| Equity | $5.28B | $5.26B | $5.14B | $5.07B | $4.94B | $4.88B | $4.76B | $4.70B |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $296.0M | $335.0M | $374.0M | $618.0M | $294.0M | $519.0M | $477.0M | $504.0M |