Charter Q1 revenue up 0.2%, but Internet customers drop 72k; free cash flow falls 46%

CHARTER COMMUNICATIONS, INC. /MO/

2024-Q1 EPS reported $7.55 revenue$13,679,000,000

Revenue $13.7B (+0.2% YoY); adj. EBITDA $5.5B (+2.8%); net income $1.1B (+8.4%).
Residential Internet customers fell 72k vs +67k a year ago; total customers 30.5M.
Mobile lines added 486k (vs 686k); total lines 8.3M.
Free cash flow $358M vs $664M prior year, down 46% on higher capex and one-time settlement.
FY2024 capex guidance $12.2-12.4B; network evolution spend ~$1.6B.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CHARTER COMMUNICATIONS, INC. /MO/ reported the three months ended March 31, 2024 results: revenue $13.7 billion, net income $1.1 billion.

Period: the three months ended March 31, 2024
Revenue: $13.7 billion
Net income: $1.1 billion
Result: reported results

Exact text from the filing

lines. • As of March 31, 2024, Charter had a total of 32.0 million residential and SMB customer relationships, excluding mobile-only relationships. • First quarter revenue of $13.7 billion grew by 0.2% year-over-year, driven by residential mobile service revenue growth of 37.8% and residential Internet revenue growth of 1.9%. • Net income attributable to Charter

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Source: SEC EDGAR

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