Charter Communications Inc

CHTR

Equity

ISIN US16119P1084 / Valor 32598746

NASDAQ (2024-12-26)

USD 351.78-0.12%

Charter Communications Inc
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About company

Charter Communications, Inc. (NASDAQ:CHTR), operating under the Spectrum brand, is a prominent broadband connectivity provider and cable operator in the United States. Serving over 32 million customers across 41 states, Charter offers a comprehensive suite of advanced residential and business services. These include high-speed internet, TV, mobile, and voice services through its advanced communications network. For business clients, Spectrum Business provides scalable broadband solutions tailored to small and medium-sized businesses, while Spectrum Enterprise offers customized, fiber-based solutions for larger businesses and government entities. Additionally, Charter's advertising arm, Spectrum Reach, delivers targeted advertising solutions, and Spectrum Networks provides award-winning news and sports programming. With a significant infrastructure comprising over 875,000 miles of network and employing more than 101,100 people, Charter Communications stands as a key player in the U.S. telecommunications landscape.

Summarized from source with an LLMView SourceSector: Telecommunications

Revenue Growth

In the third quarter of 2024, Charter Communications Inc. reported a revenue increase of 1.6% year-over-year, reaching $13.8 billion. This growth was primarily driven by a significant rise in residential mobile service revenue, which grew by 37.6%, and a modest increase in residential Internet revenue of 1.7%. The revenue growth was also positively impacted by $68 million in customer credits from the previous year related to a temporary loss of Disney programming.

Net Income

Charter Communications Inc. achieved a net income attributable to its shareholders of $1.3 billion in the third quarter of 2024. This represents a 2.0% increase compared to the same period in the previous year. The net income margin for the quarter was 9.3%, slightly up from 9.2% in the third quarter of 2023.

Adjusted EBITDA

The company's Adjusted EBITDA for the third quarter of 2024 was $5.6 billion, reflecting a 3.6% year-over-year growth. The Adjusted EBITDA margin improved to 40.9% from 40.1% in the same quarter of the previous year. This growth was primarily driven by higher revenues and effective cost management.

Capital Expenditures

Charter Communications Inc. reported capital expenditures of $2.6 billion in the third quarter of 2024, which included $1.1 billion allocated to line extensions. This represents a decrease of 13.5% compared to the third quarter of 2023, indicating a reduction in capital spending while continuing to invest in network expansion and improvements.

Free Cash Flow

During the third quarter of 2024, Charter Communications Inc. generated free cash flow of $1.6 billion, marking a substantial increase from $1.1 billion in the same period of the previous year. This 47.6% growth in free cash flow was primarily attributed to lower capital expenditures and higher Adjusted EBITDA, enhancing the company's financial flexibility.

Summarized from source with an LLMView Source

Key figures

-9.68%1Y

-45.7%3Y

-27.6%5Y

Performance

40.8%1Y

38.2%3Y

35.3%5Y

Volatility