MONROE, LA — CenturyLink’s broadband revenue grew 1.8 percent in Q2 2019, while shedding 56,000 lower-speed subscriptions.
"In the second quarter, we saw a net loss of 56,000 total broadband subs with declines of 78,000 in speeds below 20 meg and growth of 22,000 in speeds of 20 meg and above. Within those gains, we added 48,000 in speeds of 100 meg and above. I’ll also note that growth in our greater than 100 meg subs is up more than 100 percent on a year over year basis.
Broadband revenue for the second quarter 2019 grew 1.8 percent year over year which compares to growth of 1.4 percent last quarter, driven by our efforts to increase penetration in our competitive assets and investing in fiber," said Neel Dev, CenturyLink’s CFO.
"The ongoing expansion of our network capabilities and fiber reach, including our recent deployment of the world's largest ultra-low-loss fiber network, speaks to the core of who CenturyLink is: the world's best and most scalable fiber provider," said Jeff Storey, president and CEO of CenturyLink. "Along with our investments for growth, we remain focused on profitable revenue, while digitally transforming the company through improvement in customer experience and streamlining operations for employees. These transformation efforts are paying off as we see ongoing improvement in bottom line metrics, delivering another solid quarter of Adjusted EBITDA margin expansion and Free Cash Flow growth."
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