Earnings Report - Charter Communications is set to release its second-quarter earnings results on July 25, with expected earnings of $9.78 per share, an increase from $8.49 per share in the same period last year [1] - The company projects quarterly revenue of $13.76 billion, slightly up from $13.69 billion a year earlier [1] Recent Developments - On July 22, Charter and Comcast announced a partnership to utilize T-Mobile 5G for their wireless business customers [2] - Following this announcement, Charter Communications shares fell by 4.6%, closing at $380.00 [2] Analyst Ratings - UBS analyst John Hodulik maintained a Neutral rating and raised the price target from $400 to $425 [4] - Loop Capital analyst Alan Gould upgraded the stock from Hold to Buy, increasing the price target from $430 to $510 [4] - Citigroup analyst Michael Rollins maintained a Buy rating and raised the price target from $425 to $445 [4] - Wells Fargo analyst Steven Cahall maintained an Equal-Weight rating and increased the price target from $380 to $400 [4] - Morgan Stanley analyst Benjamin Swinburne maintained an Equal-Weight rating and raised the price target from $385 to $415 [4]

Core Insights - T-Mobile, US, Inc. reported strong first-quarter 2025 results, with both net income and revenues exceeding Zacks Consensus Estimates, driven by significant postpaid customer growth [1][2]. Financial Performance - Net income for Q1 2025 was $2.95 billion, or $2.58 per share, reflecting a 24.4% year-over-year increase from $2.37 billion or $2 per share [2]. - Total revenues reached $20.88 billion, up from $19.59 billion in the same quarter last year, surpassing the consensus estimate of $20.57 billion [2]. Segment Results - Total service revenues were $16.92 billion, a 5.2% increase from $16.09 billion year-over-year, primarily driven by demand for postpaid services [3]. - Postpaid services generated $13.59 billion in revenues, marking a 7.6% year-over-year growth [3]. - Prepaid services revenues increased to $2.64 billion from $2.4 billion in the previous year [5]. - Equipment revenues rose to $3.7 billion, up from $3.25 billion, attributed to a higher average revenue per device sold [6]. Customer Growth - T-Mobile added 1.3 million postpaid net customers and 205,000 postpaid net accounts, both leading the industry [4]. - The postpaid phone churn rate was recorded at 0.91%, with postpaid average revenues per account increasing to $146.22 from $140.88 year-over-year [4]. Operating Metrics - Total operating expenses increased to $16.08 billion from $15.59 billion, while operating income rose to $4.8 billion from $3.99 billion [7]. - Core adjusted EBITDA was $8.3 billion, up from $7.65 billion year-over-year [7]. Cash Flow and Liquidity - Cash generated from operating activities was $6.84 billion, compared to $5.08 billion in the prior year [8]. - Adjusted free cash flow increased to $4.39 billion from $3.34 billion year-over-year [8]. - As of March 31, 2025, T-Mobile had $12 billion in cash and cash equivalents and $76 billion in long-term debt [8]. Outlook - For 2025, T-Mobile anticipates postpaid net customer additions between 5.5 million and 6 million, with core adjusted EBITDA estimated at $33.2-$33.7 billion [9]. - Expected cash from operating activities is projected to be within $27-$27.5 billion, with adjusted free cash flow anticipated in the range of $17.5-$18 billion [9].