Here's What Key Metrics Tell Us About Charter (CHTR) Q2 Earnings

Core Insights - Charter Communications reported revenue of $13.69 billion for the quarter ended June 2024, reflecting a year-over-year increase of 0.2% and surpassing the Zacks Consensus Estimate of $13.62 billion by 0.49% [1][3] - The company achieved an EPS of $8.49, which is an increase from $8.05 in the same quarter last year, resulting in an EPS surprise of 12.45% against the consensus estimate of $7.55 [1][3] Revenue Performance - Total revenue from advertising sales was $397 million, which is below the average estimate of $435.97 million but shows a year-over-year increase of 3.4% [6] - Commercial total revenue reached $1.82 billion, slightly above the average estimate of $1.80 billion, marking a year-over-year increase of 2.1% [6] - Residential internet revenue was reported at $5.81 billion, exceeding the average estimate of $5.79 billion, with a year-over-year growth of 1.3% [6] - Residential mobile service revenue saw significant growth, reported at $737 million, compared to the average estimate of $717.63 million, representing a year-over-year increase of 36.7% [6] Customer Metrics - The company experienced a net loss of 149 thousand internet subscribers, which was better than the average estimate of a loss of 252.86 thousand [6] - Total voice customers decreased to 7,446 thousand, slightly below the average estimate of 7,470.44 thousand [6] - The net loss in video subscribers was 12 thousand, compared to an average estimate of a loss of 5.63 thousand [6] Stock Performance - Charter's shares have returned 7.2% over the past month, contrasting with a -1.2% change in the Zacks S&P 500 composite [5] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [5]