Charter Q3 revenue up 3.1% to $13.6B, Adj EBITDA +2.4%, but FCF drops 39% on higher capex

CHARTER COMMUNICATIONS, INC. /MO/

2022-Q3 EPS reported $23.06 revenue$40,348,000,000

Net income $1.185B ($7.51 EPS) vs $1.217B ($6.69 EPS) YoY; diluted EPS up due to buybacks.
Internet net adds 75,000 (vs 265,000 in Q3 2021); mobile adds 396,000 (vs 244,000).
Free cash flow $1.507B, down 39.1% YoY; capex $2.406B including $525M rural build.
Purchased 5.8M shares for $2.6B in Q3; YTD repurchases $10.4B.
Issued $1.5B of 6.375% senior notes due 2029, used for buybacks and debt repayment.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CHARTER COMMUNICATIONS, INC. /MO/ reported third quarter ended September 30, 2022 results: revenue $13.6 billion, net income $1.2 billion.

Period: third quarter ended September 30, 2022
Revenue: $13.6 billion
Net income: $1.2 billion
Result: reported results

Exact text from the filing

Third quarter revenue of $13.6 billion grew by 3.1% year-over-year, driven by mobile revenue growth of 40.2%, advertising sales revenue growth of 22.9% and residential revenue growth of 0.7%. • Net income attributable to Charter shareholders totaled $1.2 billion in the third quarter.

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Source: SEC EDGAR

accession 0001091667-22-000114

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