Charter Communications(CHTR) ZACKS·2024-07-10 14:01Core Viewpoint - Charter Communications (CHTR) is facing challenges with a decline in residential video customers, but it is strengthening its content offerings through partnerships, which may enhance its long-term prospects. Group 1: Financial Performance - The Zacks Consensus Estimate for CHTR's second-quarter 2024 earnings per share is 32.79 per share, decreased by 26 cents in the same period [2]. - Residential video customers decreased by 392,000 in the first quarter of 2024, leaving Charter with 13.1 million residential video customers as of March 31, 2024 [13]. Group 2: Partnerships and Content Offerings - Charter Communications has partnered with TelevisaUnivision to provide the premium ad-supported subscription version of ViX to Spectrum users at no additional cost [8]. - The partnership with Disney's ESPN allows Spectrum TV Select Plus users to access ESPN+ without additional charges, which includes over 30,000 live events annually [12]. - Charter has extended its partnership with Paramount Global, which will enhance its content library by including Paramount+ Essential and BET+ Essential for Spectrum users later this year [11]. - The company has a strong partner base, including Magnite, Paramount Global, and Disney, which is expected to support its long-term growth [5][10]. Group 3: Content and Streaming - Spectrum users will gain access to 17,000 hours of streaming content, including live sports events like the semifinals and finals of CONMEBOL Copa América and UEFA Euro 2024, along with a full library of on-demand content [3]. - ViX's ad-supported premium tier features original series and movies, with upcoming releases that are highly anticipated [9].