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Here's Why Charter Communications (CHTR) is a Strong Value Stock
ZACKS· 2025-02-03 15:46
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores. What are t ...
Charter Q4 Earnings Beat, Residential Revenues Drive Top Line
ZACKS· 2025-01-31 17:01
Charter Communications (CHTR) reported fourth-quarter 2024 earnings of $10.10 per share, which beat the Zacks Consensus Estimate by 5.9%. The reported figure jumped 43% year over year.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues of $13.93 billion increased 1.6% on a year-over-year basis, driven by growth in residential mobile service and residential Internet revenues. The top line beat the consensus mark by 0.3%.  CHTR’s Segmental DetailsResidential revenues totaled $10.69 ...
Compared to Estimates, Charter (CHTR) Q4 Earnings: A Look at Key Metrics
ZACKS· 2025-01-31 15:31
For the quarter ended December 2024, Charter Communications (CHTR) reported revenue of $13.93 billion, up 1.6% over the same period last year. EPS came in at $10.10, compared to $7.07 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $13.88 billion, representing a surprise of +0.33%. The company delivered an EPS surprise of +5.87%, with the consensus EPS estimate being $9.54.While investors scrutinize revenue and earnings changes year-over-year and how they compare wit ...
Charter Communications (CHTR) Q4 Earnings and Revenues Top Estimates
ZACKS· 2025-01-31 14:10
分组1 - Charter Communications reported quarterly earnings of $10.10 per share, exceeding the Zacks Consensus Estimate of $9.54 per share, and up from $7.07 per share a year ago, representing an earnings surprise of 5.87% [1] - The company posted revenues of $13.93 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.33%, and compared to year-ago revenues of $13.71 billion [2] - Charter has surpassed consensus EPS estimates three times over the last four quarters, indicating a positive trend in earnings performance [2] 分组2 - The current consensus EPS estimate for the coming quarter is $8.48 on revenues of $13.6 billion, and for the current fiscal year, it is $36.73 on revenues of $54.75 billion [7] - The Zacks Industry Rank places Cable Television in the bottom 26% of over 250 Zacks industries, suggesting potential challenges for the sector [8] - Cable One, another company in the same industry, is expected to report quarterly earnings of $9.91 per share, reflecting a year-over-year decline of 7% [9]
Charter Communications(CHTR) - 2024 Q4 - Earnings Call Presentation
2025-01-31 13:05
Charter Communications Fourth Quarter and Full Year 2024 Results January 31, 2025 Cautionary Statement Regarding Forward-Looking Statements This quarterly presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our plans, strategies and prospects, both business and financial. Although we believe that our plans, intentions and expectations as ...
Spectrum TV And Internet Parent Charter Communications Delivers Better-Than-Expected Q4 Results
Deadline· 2025-01-31 12:27
Financial Performance - Charter Communications reported fourth-quarter earnings per share of $10.10, exceeding analysts' consensus of $9.22, with revenue reaching $13.9 billion, slightly above the forecast of $13.88 billion [1] - The company experienced a growth of 37% in residential mobile service revenue and a 26% increase in ad sales revenue, contributing significantly to overall revenue growth [3] Subscriber Trends - Charter lost 177,000 internet customers, finishing the period with 30.1 million internet subscribers [2] - The company also lost 123,000 video subscribers, ending 2024 with 12.3 million subscribers, a decline of nearly 9% from the end of 2023 [2] - Despite these losses, Charter remains the number one pay-TV operator in the U.S., although competitors like YouTube TV are gaining market share [2] Market Reaction - Following the earnings announcement, Charter's shares rose by 3% in pre-market trading, recovering from a 6% decline the previous day due to concerns over broadband subscriber losses reported by Comcast [4] - Over the past year, Charter's shares have decreased by 12% [4] Industry Dynamics - The company is actively revising the role of distributors in response to the impact of cord-cutting, highlighted by a notable carriage negotiation with Disney that resulted in a temporary blackout of ESPN and ABC [5] - Charter, along with other major providers, faces challenges from large telecom firms like AT&T and Verizon, which are attracting customers with fiber-based internet services [5]
Charter Communications(CHTR) - 2024 Q4 - Annual Report
2025-01-31 12:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________ FORM 10-K ______________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number: 001-33664 Charter Communications, Inc. (Exact name of registrant as specified in its charter) | Delaware | ...
Charter Communications(CHTR) - 2024 Q4 - Annual Results
2025-01-31 12:01
Financial Performance - Fourth quarter total revenue increased by 1.6% year-over-year to $13.9 billion, driven by residential mobile service revenue growth of 37.4% and advertising sales revenue growth of 26.4%[12][17] - Fourth quarter Adjusted EBITDA was $5.8 billion, reflecting a year-over-year growth of 3.4%[3][10] - For the year ended December 31, 2024, net income attributable to Charter shareholders totaled $5.1 billion, with fourth quarter net income at $1.5 billion, a 38.6% increase year-over-year[3][10] - Fourth quarter advertising sales revenue of $540 million increased by 26.4% year-over-year, primarily driven by higher political revenue[20] - Consolidated net income for the year ended December 31, 2024, was $5,853 million, up from $5,261 million in 2023[56] - Basic earnings per share for Q4 2024 was $10.32, a 42.9% increase from $7.23 in Q4 2023[51] Customer Metrics - As of December 31, 2024, Charter served 30.1 million Internet customers, a decrease of 177,000 in the fourth quarter, primarily due to the end of the FCC's Affordable Connectivity Program and hurricane impacts[3][6] - Total customer relationships decreased by 215 in Q4 2024, down from a decrease of 149 in Q3 2024 and a decrease of 110 in Q4 2023, resulting in a total of 31,473 customer relationships[59] - Residential customer relationships penetration dropped to 55.4% in Q4 2024 from 56.0% in Q3 2024 and 58.1% in Q4 2023[59] - Total Internet customers decreased by 177 in Q4 2024, compared to a decrease of 110 in Q3 2024 and a decrease of 61 in Q4 2023, totaling 30,080[59] - Total video customers decreased by 123 in Q4 2024, down from a decrease of 294 in Q3 2024 and a decrease of 257 in Q4 2023, resulting in 12,892 total video customers[59] - Total mobile lines increased by 529 in Q4 2024, compared to an increase of 545 in Q3 2024 and an increase of 546 in Q4 2023, totaling 9,883[59] Revenue Streams - Mobile service revenue grew by 37.4% in Q4 2024, reaching $860 million, up from $626 million in Q4 2023[48] - Commercial revenue increased by 1.9% year-over-year to $1.8 billion, driven by enterprise and SMB revenue growth of 4.4% and 0.3% year-over-year, respectively[19] - Other revenue totaled $884 million in the fourth quarter, an increase of 14.6% year-over-year, primarily driven by higher mobile device sales[20] Capital Expenditures - Fourth quarter capital expenditures totaled $3.1 billion, including $4.2 billion for line extensions throughout 2024[3][10] - Capital expenditures totaled $3.1 billion in the fourth quarter of 2024, an increase of $206 million compared to the fourth quarter of 2023[28] - Charter expects full year 2025 capital expenditures to total approximately $12 billion, including line extensions capital expenditures of approximately $4.2 billion[29] - Total capital expenditures for Q4 2024 were $3,062 million, an increase from $2,856 million in Q4 2023, with total capital expenditures for the year reaching $11,269 million compared to $11,115 million in 2023[61] - Total line extensions capital expenditures were $1,057 million in Q4 2024, compared to $978 million in Q4 2023, with total line extensions for the year reaching $4,216 million compared to $4,015 million in 2023[61] Cash Flow and Debt - Full year 2024 free cash flow increased to $4.3 billion from $3.5 billion in the prior year, primarily due to higher Adjusted EBITDA[3][10] - Free cash flow in the fourth quarter of 2024 totaled $984 million, a decrease of $77 million compared to the fourth quarter of 2023[31] - As of December 31, 2024, total principal amount of debt was $93.8 billion, with additional liquidity of approximately $6.3 billion[32] - Long-term debt decreased to $92,134 million from $95,777 million year-over-year[54] Operational Efficiency - Operating costs decreased by 9.1% year-over-year, reflecting fewer video customers and a higher mix of lower-cost packages[21] - Monthly residential revenue per customer was $121.40 in Q4 2024, slightly down from $121.47 in Q3 2024 and up from $119.41 in Q4 2023[59] Brand and Market Strategy - Spectrum launched a new brand platform, "Life Unlimited," in September 2024, focusing on advanced network capabilities and simplified pricing strategies[5] - Charter activated 117,000 subsidized rural passings in the fourth quarter, contributing to a total of 393,000 in 2024, as part of efforts to expand Internet access to underserved communities[8]
What's in the Cards for Charter Communications Stock in Q4 Earnings?
ZACKS· 2025-01-29 18:55
Core Viewpoint - Charter Communications (CHTR) is expected to report its fourth-quarter 2024 results on January 31, with revenue estimates indicating a slight increase compared to the previous year [1][2]. Financial Performance - The Zacks Consensus Estimate for fourth-quarter 2024 revenues is $13.88 billion, reflecting a 1.23% increase from the same quarter last year [2]. - The consensus estimate for earnings is $9.54 per share, which represents a 34.94% year-over-year growth, having increased by 0.95% over the past week [2]. Recent Performance Trends - CHTR has beaten the Zacks Consensus Estimate for earnings in two of the last four quarters, with an average negative surprise of 1.44% [3]. Growth Drivers - Charter Spectrum added 545,000 new mobile lines in Q3 2024, driven by high port-ins and increased adoption of unlimited plans, contributing to top-line growth in Q4 [5]. - The revamped pricing and packaging strategy, including attractive bundling options, is expected to drive higher sales and reduce churn [6]. - Partnerships with content providers like Warner Bros. Discovery and Comcast have enhanced customer retention and bundle penetration [7][8]. Challenges - The expiration of the Affordable Connectivity Program in June 2024 has led to an estimated 100,000 incremental non-pay disconnects, impacting Q4 results [9]. - Service outages caused by hurricanes Helene and Milton in Q3 are expected to have lingering effects, including additional operating expenses and revenue offsets [10]. - The ongoing decline in traditional video and wireline voice services has created pressure on CHTR's top line, with a decrease of 294,000 video customers and 288,000 wireline voice customers in Q3 [11]. Strategic Initiatives - Charter Spectrum launched Gigabit Internet and other services in several states as part of its rural broadband expansion, which is likely to positively impact Q4 revenues [13]. - An acquisition agreement with Liberty Broadband is expected to strengthen CHTR's prospects in the upcoming quarter [14]. - The launch of Spectrum Ready for multifamily properties aims to enhance service activation and is anticipated to boost revenues [15].
3 Media Stocks Poised to Beat Estimates This Earnings Season
ZACKS· 2025-01-29 17:05
This earnings season, media companies' results are expected to mirror consumers' growing appetite for over-the-top content consumption. The rise of streaming platforms has led audiences to abandon traditional cable and satellite TV subscriptions in favor of on-demand viewing.The industry faces significant headwinds from declining broadcast television ratings and reduced demand for theatrical content sales. Advertisers' reluctant spending amid inflation and higher interest rate concerns have compounded these ...