Workflow
Charter Communications(CHTR)
icon
Search documents
Charter (CHTR) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-11-01 14:36
For the quarter ended September 2024, Charter Communications (CHTR) reported revenue of $13.8 billion, up 1.6% over the same period last year. EPS came in at $8.82, compared to $8.25 in the year-ago quarter. The reported revenue represents a surprise of +0.69% over the Zacks Consensus Estimate of $13.7 billion. With the consensus EPS estimate being $8.55, the EPS surprise was +3.16%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to W ...
Charter CEO Chris Winfrey Sees “Pretty Significant Impact” From Adding More Streaming To Spectrum; Stock Jumps 15% On Q3 Results
Deadline· 2024-11-01 14:10
Core Viewpoint - Charter Communications is focusing on integrating streaming services to enhance customer acquisition and retention, expecting significant benefits from recent deals with major programmers starting in 2025 [1][4]. Financial Performance - Charter's shares rose by 15% following the release of better-than-expected quarterly results, with revenue increasing nearly 2% to $13.8 billion and earnings per share at $8.82, surpassing analysts' forecasts [2]. - The company experienced a loss of 294,000 video customers, bringing the total to 12.4 million, while broadband subscribers decreased by 110,000 to 30.3 million, although these losses were less than analysts had predicted [4]. Strategic Developments - CEO Chris Winfrey has gained attention for his negotiations with Disney, which included a significant blackout of channels but ultimately led to a deal that favors streaming integrations and marketing support for Disney's platforms [3]. - The integration of streaming services is expected to provide up to $78 in monthly savings for higher-end customers, although the company is cautious about forecasting video growth [4]. Subscriber Trends - The mobile segment is growing, with Charter adding 545,000 subscribers in the quarter, totaling 9.4 million mobile lines served as of September 30 [5]. - Despite the challenges in implementing streaming integrations, there has been a positive response from customers, although the current setup is not user-friendly [6]. Capital Expenditure Outlook - Charter clarified that the streaming integrations will not lead to significant capital expenditures, countering market misconceptions about a large marketing campaign impacting financials next year [6].
Charter Q3 Earnings Beat, Residential Revenues Drive Top Line
ZACKS· 2024-11-01 14:05
Charter Communications (CHTR) delivered third-quarter 2024 earnings of $8.82 per share, which beat the Zacks Consensus Estimate by 3.2%. The reported figure increased 6.9% year over year.Revenues of $13.79 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 0.7%.Segmental DetailsResidential revenues totaled $10.76 billion in the third quarter, which increased 0.3% year over year, driven by ...
Charter Communications (CHTR) Q3 Earnings and Revenues Top Estimates
ZACKS· 2024-11-01 13:10
Charter Communications (CHTR) came out with quarterly earnings of $8.82 per share, beating the Zacks Consensus Estimate of $8.55 per share. This compares to earnings of $8.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.16%. A quarter ago, it was expected that this cable provider would post earnings of $7.55 per share when it actually produced earnings of $8.49, delivering a surprise of 12.45%.Over the last four quarters, ...
Charter Communications(CHTR) - 2024 Q3 - Quarterly Report
2024-11-01 11:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________ FORM 10-Q ______________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 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) Del ...
Charter Communications(CHTR) - 2024 Q3 - Quarterly Results
2024-11-01 11:02
Charter Announces Third Quarter 2024 Results Stamford, Connecticut - November 1, 2024 - Charter Communications, Inc. (along with its subsidiaries, the "Company" or "Charter"), which operates the Spectrum brand, today reported financial and operating results for the three and nine months ended September 30, 2024. • Third quarter total Internet customers decreased by 110,000. As of September 30, 2024, Charter served 30.3 million Internet customers. • Third quarter total mobile lines increased by 545,000. As o ...
Charter Announces Third Quarter 2024 Results
Prnewswire· 2024-11-01 11:00
STAMFORD, Conn., Nov. 1, 2024 /PRNewswire/ -- Charter Communications, Inc. (along with its subsidiaries, the "Company" or "Charter"), which operates the Spectrum brand, today reported financial and operating results for the three and nine months ended September 30, 2024. Third quarter total Internet customers decreased by 110,000. As of September 30, 2024, Charter served 30.3 million Internet customers. Third quarter total mobile lines increased by 545,000. As of September 30, 2024, Charter served 9.4 milli ...
What's in the Cards for Charter Communications in Q3 Earnings?
ZACKS· 2024-10-30 15:35
Charter Communications (CHTR) is scheduled to report third-quarter 2024 results on Nov. 1. The Zacks Consensus Estimate for third-quarter 2024 revenues is pegged at $13.7 billion, indicating a 0.86% increase from the year-ago quarter's reported figure. The consensus mark for earnings has moved down 0.5% to $8.55 per share in the past 30 days. The projected figure suggests growth of 3.84% from the figure reported in the year-ago quarter. CHTR's earnings beat the Zacks Consensus Estimate in two of the trailin ...
Charter (CHTR) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
ZACKS· 2024-10-29 14:21
The upcoming report from Charter Communications (CHTR) is expected to reveal quarterly earnings of $8.55 per share, indicating an increase of 3.6% compared to the year-ago period. Analysts forecast revenues of $13.7 billion, representing an increase of 0.9% year over year.The current level reflects an upward revision of 0.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over t ...
Charter Communications Is A Buy The Dip Opportunity (Technical Analysis)
Seeking Alpha· 2024-10-28 16:14
Charter Communications (NASDAQ: CHTR ) is a buy-the-dip opportunity. CHTR is a member of the Communications Services sector, and it operates in the Cable and Satellite industry. In this article, I will outline my buy-the-dip thesis using technical analysis. I will focus on price As an individual investor nearing retirement I am trying to build my financial assets in order to have a fulfilling retirement. I am interested in trading both long and short; or at least using inverse ETFs, to take advantage of mar ...