Communication Services
Telecom Services
$57.07B
101.1K
Key insights and themes extracted from this filing
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.