Sector: Communication Services|Industry: Telecom Services|Market Cap: $57.07B|Employees: 101.1K
Charter Communications is a leading broadband connectivity company and cable operator, offering residential and business services including internet, TV, mobile, and voice. They operate an advanced communications network across 41 states, focusing on network evolution, footprint expansion, and high-quality operations. Charter's competitive advantages include its scale efficiencies, network quality, and construction capabilities.
Total revenue increased by 1.1% year-over-year to $54.6 billion, primarily driven by growth in residential internet and mobile revenues, offset by declines in residential video and advertising. Residential revenue grew by 0.5% year over year.
Adjusted EBITDA increased by 1.3% year-over-year to $21.9 billion, while income from operations increased by 5% to $12.6 billion. These increases are attributed to revenue growth and cost management.
Mobile service revenue increased by 32.1% year-over-year to $2.2 billion, while video revenue decreased by 6.4% to $16.4 billion. This highlights the shift in consumer preferences and the company's focus on mobile offerings.