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 1.6% YoY for the quarter, driven by growth in mobile lines and average revenue per customer, but partially offset by a decrease in customer relationships. The company lost 110,000 internet customers in the quarter.
Adjusted EBITDA increased by 3.6% YoY and income from operations increased by 6.7% YoY for the quarter, driven by revenue growth and decreases in operating costs, primarily programming expense.
Programming costs decreased due to fewer video customers and a higher mix of lower cost packages, while mobile service direct costs increased due to higher mobile device sales and mobile lines.