earnings
confidence high
sentiment neutral
materiality 0.75
Charter Q1 revenue +3.4% to $13.7B; FCF drops 63% to $664M; Internet adds 76K
CHARTER COMMUNICATIONS, INC. /MO/
2023-Q1 EPS reported
$6.65
revenue$13,653,000,000
- Revenue $13.7B (+3.4% YoY); Adjusted EBITDA $5.35B (+2.6%); Net income $1.0B (-15%)
- Free cash flow $664M vs $1.8B YoY on higher capex ($2.5B including $890M line extensions)
- Residential Internet adds 67K (vs 164K YoY); total Internet adds 76K (vs 185K)
- Mobile lines added 686K (vs 373K YoY), total 6.0M lines; Spectrum One driving convergence
- Issued $1.1B 7.375% notes due 2031; new $750M Term B-3 loan; repurchased $1B shares