Free cash flow totaled $1.29 billion, which increased significantly from $668 million reported in the second quarter of 2023. The year-over-year increase in free cash flow was primarily due to higher adjusted EBITDA, a more favorable change in working capital and lower cash taxes due to timing. Sales and marketing expenses increased $17 million, or 1.9%, year over year, primarily due to higher marketing costs. As of Jun 30, 2024, total principal amount of debt was $96.5 billion and Charter's credit faciliti ...

Key Takeaways Mobile service demand helped boost earnings and revenue at Charter Communications. The company posted a 36.9% year-over-year increase in mobile service revenue, and internet service revenue also increased. Shares soared 17% soon after trading commenced Friday but remain lower on the year. Charter Communications (CHTR) shares soared Friday after the cable, phone, and internet provider posted better-than-expected results on higher demand for its mobile service. Charter reported second-quarter ea ...

The reported revenue compares to the Zacks Consensus Estimate of $13.62 billion, representing a surprise of +0.49%. The company delivered an EPS surprise of +12.45%, with the consensus EPS estimate being $7.55. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. View all Key Company Metrics for Charter here>>> For the quarter ended June ...

Charter Communications (CHTR) came out with quarterly earnings of $8.49 per share, beating the Zacks Consensus Estimate of $7.55 per share. This compares to earnings of $8.05 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates two times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's comment ...

Second Quarter 2024 Results July 26, 2024 • our ability to sustain and grow revenues and cash flow from operations by offering Internet, video, voice, mobile, advertising and other services to residential and commercial customers, to adequately meet the customer experience demands in our service areas and to maintain and grow our customer base, particularly in the face of increasingly aggressive competition, the need for innovation and the related capital expenditures; • our ability to obtain programming at ...

Item 5. Other Information. The Agreement, which is effective as of July 26, 2024, has a term ending July 26, 2026 (or upon an earlier termination of employment) and provides that Mr. Howard will continue to serve as Executive Vice President, Chief Accounting Officer and Controller. The Agreement provides that Mr. Howard will receive an annual base salary of at least $625,000 and a target annual cash bonus opportunity of 85% of his annual base salary. Mr. Howard will also continue to participate in Charter's ...

Charter Announces Second Quarter 2024 Results • Second quarter total residential and small and medium business ("SMB") Internet customers decreased by 149,000. As of June 30, 2024, Charter served a total of 30.4 million residential and SMB Internet customers. • As of June 30, 2024, Charter had a total of 31.8 million residential and SMB customer relationships, excluding mobile-only relationships. 1 • Second quarter Adjusted EBITDA of $5.7 billion grew by 2.6% year-over-year. 1 • Second quarter free cash flo ...

STAMFORD, Conn., July 26, 2024 /PRNewswire/ -- Charter Communications, Inc. (along with its subsidiaries, the "Company" or "Charter") today reported financial and operating results for the three and six months ended June 30, 2024. 1. Adjusted EBITDA and free cash flow are non-GAAP measures defined in the "Use of Adjusted EBITDA and Free Cash Flow Information" section and are reconciled to net income attributable to Charter shareholders and net cash flows from operating activities, respectively, in the adden ...

Charter Communications (CHTR) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. Zacks Consensus Estimate Estimate Revisions Trend Earnings Whisper Thus, a positive or negative Earnings ESP reading theoretically indica ...

Core Viewpoint - Charter Communications (CHTR) is facing challenges with a decline in residential video customers, but it is strengthening its content offerings through partnerships, which may enhance its long-term prospects. Group 1: Financial Performance - The Zacks Consensus Estimate for CHTR's second-quarter 2024 earnings per share is $7.93, down 5 cents in the past 30 days. The consensus for 2025 earnings is $32.79 per share, decreased by 26 cents in the same period [2]. - Residential video customers decreased by 392,000 in the first quarter of 2024, leaving Charter with 13.1 million residential video customers as of March 31, 2024 [13]. Group 2: Partnerships and Content Offerings - Charter Communications has partnered with TelevisaUnivision to provide the premium ad-supported subscription version of ViX to Spectrum users at no additional cost [8]. - The partnership with Disney's ESPN allows Spectrum TV Select Plus users to access ESPN+ without additional charges, which includes over 30,000 live events annually [12]. - Charter has extended its partnership with Paramount Global, which will enhance its content library by including Paramount+ Essential and BET+ Essential for Spectrum users later this year [11]. - The company has a strong partner base, including Magnite, Paramount Global, and Disney, which is expected to support its long-term growth [5][10]. Group 3: Content and Streaming - Spectrum users will gain access to 17,000 hours of streaming content, including live sports events like the semifinals and finals of CONMEBOL Copa América and UEFA Euro 2024, along with a full library of on-demand content [3]. - ViX's ad-supported premium tier features original series and movies, with upcoming releases that are highly anticipated [9].