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Frontier reports revenue of $1.45 billion during Q2

Frontier says its consumer revenue dropped 2 percent to $775 million during its second financial quarter as the trend of cord-cutting among its video customers continues.

The fiber-focused company reported revenue of $1.45 billion and a financial loss of $2 million during Q2 2023, attributed mainly to the company’s continued buildout of its next-generation broadband Internet and data network.

A net addition of 66,000 new fiber customers helped Frontier ear $462 million from its broadband product, a 9.7 percent increase compared to Q2 2022. The company said gains in broadband and voice services helped offset some declines in video customers.

“Our second-quarter results prove once again that our fiber internet is the best technology to meet the growing demand for high-speed, reliable connectivity,” Nick Jeffery, the president and CEO of Frontier, said in a statement.

Frontier offers fiber broadband services in more than 316,000 locations across 40 states.

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Matthew Keys

Matthew Keys is a nationally-recognized, award-winning journalist who has covered the business of media, technology, radio and television for more than 11 years. He is the publisher of The Desk and contributes to Know Techie, Digital Content Next and StreamTV Insider. He previously worked for Thomson Reuters, the Walt Disney Company, McNaughton Newspapers and Tribune Broadcasting.
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