earnings
confidence high
sentiment neutral
materiality 0.70
Charter Q2 2023: revenue $13.7B (+0.5% YoY); net income $1.2B (-16.8%); free cash flow $668M (-59.7%)
CHARTER COMMUNICATIONS, INC. /MO/
2023-Q2 EPS reported
$14.69
revenue$27,312,000,000
- Revenue $13.7B (+0.5% YoY); net income $1.2B (-16.8%) due to higher interest expense and cash taxes.
- Adjusted EBITDA $5.5B (+0.2%); margin 40.4%. CapEx $2.8B incl. $1.1B line extensions.
- Residential/SMB Internet net adds 77k (total 30.6M); mobile line net adds 648k (total 6.6M).
- Free cash flow $668M vs $1.7B prior year, down on higher capex and cash taxes.
- Repurchased 1.1M shares for $378M during Q2.