NaaS Market Opportunity and Strategic Imperatives
3Q23 Year-Over-Year Total
Reported Revenue Bridge
~73% of Decline Due to Post-Closing Commercial Agreements and
Divestitures
($ in millions)
3Q23
~73% (2)
$4,390
$23
Y/Y
Change
Business
$2,894 (10.1%)
Mass Markets
-$571
$3,641
$747
(36.3%)
-$201
Total
$3,641
(17.1%)
3Q22
Reported
Post-Closing
Commercial
Agreements/
Other
Declines
3Q23
Reported
(1)
Divestitures
20 Issued: October 31, 2023
($ in millions)
(1) The Company believes that these figures will allow analysts and investors to understand (i) the amounts
associated with the divestitures and the impact that it had on the Company's revenue generating activities in
the third quarter of 2022 in relation to the Company's past, but not current or future, financial performance
and (ii) the impact that the post-closing agreements have had on the Company's activities in the third quarter
of 2023 and its current financial performance.
(2) Calculated by combining the impacts from Post-Closing Commercial Agreements and Divestitures and
showing them as a percent of the total dollar change from 3Q22 Reported Revenue to 3Q23 Reported
Revenue.
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