earnings
confidence high
sentiment neutral
materiality 0.65
Charter Q2 revenue $13.7B (+0.2%); Internet subs down 149K on ACP end; FCF $1.3B
CHARTER COMMUNICATIONS, INC. /MO/
2024-Q2 EPS reported
$16.03
revenue$27,364,000,000
- Revenue $13.7B (+0.2% YoY); net income $1.2B; Adj. EBITDA $5.7B (+2.6% YoY).
- Residential+SMB Internet customers fell 149K (largely due to ACP subsidy end); total 30.4M.
- Mobile lines added 557K to 8.8M total; residential video lost 393K subs.
- Free cash flow $1.3B vs $668M prior year; capex $2.9B incl $1.1B line extensions.
- Repurchased 1.5M shares for $404M in Q2.