Smart People Buy Dumb Pipes
8%
6%
4%
2%
0%
-2%
-4%
2010
Q2 2010
**Q1 2012
cogent
Smart People
Buy Dumb Pipes
-10%
-5%
Q1 2010
Q2 2010
Q3 2010
0%
5%
10%
15%
Corporate revenue is North American.
revenue growth
Sequential Corporate Revenue Growth
Q1 2010 Q3 2023
15%
Sequential NetCentric Revenue Growth
Q1 2010 Q3 2023
Q1 2011
Q2 2011
Q3 2011
Q4 2011
Q1 2012
Q2 2012
Q3
2012
Q4
2012
Q1
2013
Q2 2013
Q3 2013
Q4 2013
Q1 2014
Q2 2014
Q3
2014
Q4 2014
Q1 2015
Q2 2015
Q3 2015
Q4 2015
Q1 2016
02 2016
Q2 2016
Q3 2016
Q4 2016
2017
Qtrly Avg 2.7%
* Corporate revenue grew substantially in Q2 as a result of the acquisition of Sprint Wireline business.
Q2 2017
Q4 2017
2018
Q3 2018
2018
2019
2019
2019
2020
2020
23 2020
2020
Q1 2021
Q2 2021
Q3 2021
Q4 2021
Q1 2022
Q2 2022
Q3 2022
10%
Pandemic
5%
Q4 2022
Q1 2023
8202 20*
*Q2 2023
*Q3 2023
-10%
-5%
Q1 2010
0%
$70
Sequential Total Revenue Growth
Q1 2010 Q3 2023
$60
Q1 2010 Q3 2023
$50
$40
$30
Qtrly Avg 2.9%
$20
سبس..س..lllllll
T
$10
$0
יוױון
-$10
* Loss of Megaupload in Q1 of 2012 and acquisition of Sprint in Q2 of 2023.
Q2 2018
Q3 2018
Q4 2018
6LOZ
2019
Q3 2019
Q4 2019
Q1 2020
ozoz zo
Q3 2020
Q4 2020
Q1 2021
Q2 2021
Q3 2021
Q4 2021
Q1 2022
Q2 2022
Q3 2022
Q4 2022
Q1 2023
* Q2 2023
*Q3 2023
22
Qtrly Avg 2.0%
דיון
~50% of NetCentric revenue is from outside the US.
* NetCentric revenue grew substantially in Q2 as a result of the acquisition of Sprint Wireline business.
Strong Unlevered Free Cash Flow*
$111MM cumulative in last 4 quarters.
*Calculated as EBITDA (as adjusted for Sprint (T-Mobile Wireline) acquisition costs and cash payments made under
IP Transit Services Agreement) less CAPEX, which includes principal payments on IRU finance (capital) leases.
18View entire presentation