NASDAQ$CHTR

Charter Communications Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Charter's financial and operating results for Q1 2021 were reported, demonstrating growth in customer relationships, internet subscribers and mobile lines.

Charter Communications reported a 6.7% year-over-year increase in revenue to $12.5 billion for the first quarter of 2021. The company added 302,000 residential and SMB customer relationships, 355,000 Internet customers, and 300,000 mobile lines. Net income attributable to Charter shareholders totaled $807 million.

  • Total residential and SMB customer relationships increased by 302,000 in Q1 2021.
  • Total residential and SMB Internet customers increased by 355,000 in Q1 2021.
  • Total residential and SMB mobile lines increased by 300,000 in Q1 2021.
  • First quarter revenue grew by 6.7% year-over-year, driven by residential and mobile revenue growth.

Headline financials

Total Revenue

$12.5B

Previous: $11.7B+6.7%
EPS (adj)

$4.11

Previous: $1.86+121.0%
Residential Customer Relationships

29.4M

Previous: 27.7M+5.8%
Small Business Customer Relationships

2.1M

Previous: 2.0M+4.8%
Residential Internet Customers

27.4M

Previous: 25.5M+7.4%
Small Business Internet Customers

1.9M

Previous: 1.8M+5.7%
Residential Video Customers

15.5M

Previous: 15.6M-0.4%
Small Business Video Customers

579.0K

Previous: 524.0K+10.5%
Residential Voice Customers

9.1M

Previous: 9.4M-2.6%
Small Business Voice Customers

1.2M

Previous: 1.2M+6.5%
Residential Mobile Lines

2.6M

Previous: 1.4M+89.9%
Monthly Residential Revenue per Customer

$112.18

Previous: $112.73-0.5%
Monthly Small Business Revenue per Customer

$163.79

Previous: $168.83-3.0%
Capital Expenditures

-$1.82B

Previous: -$1.46B-24.6%
Free Cash Flow

-$1.01B

Previous: -$1.07B+4.8%
Net Income

$807M

Previous: $396M+103.8%
Operating Income

$2.07B

Previous: $1.8B+14.8%
Gross Profit

$12.5B

Previous: $11.7B+6.7%
Cash & Equivalents

$772M

Previous: $2.91B-73.5%
Total Assets

$143B

Previous: $147B-2.1%
Stock-Based Comp

$134M

Previous: $90M+48.9%

Revenue & EPS history

Charter · Revenue · Quarterly

$12.5B

Q1 2021+6.7%vs Q1 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Charter · $12.5B total across 8 segments · Q1 2021

  • Internet
    $5.09B+15.4%
  • Video
    $4.34B-1.8%
  • Small business
    $1.01B+1.6%
  • Mid-market & large business
    $638M+2.6%
  • Mobile service
    $492M+90.7%
  • Voice
    $399M-12.7%
  • Advertising sales
    $344M-5.8%
  • Other
    $207M-1.9%

Forward guidance

Charter expects 2021 cable capital expenditures, excluding Rural Digital Opportunity Fund investments which will begin later this year, to be relatively consistent as a percentage of cable revenue versus 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.3%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+2.4%

Avg return

30 days after

58%

38 / 65 earnings

Positive

+19.7%

Q2 2024

Best reaction

-20.6%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.8%-34.4%-40.0%
Q4 2025+9.1%+17.1%+22.5%
Q3 2025-3.8%-2.5%-13.3%
Q2 2025-2.2%-0.7%-2.1%
Q1 2025+11.4%+16.9%+21.2%
Q4 2024+2.6%+2.5%+8.0%
Q3 2024+14.7%+24.5%+21.2%
Q2 2024+19.7%+20.5%+10.6%
Q1 2024+0.3%+0.2%+4.8%
Q4 2023-20.6%-25.8%-23.3%
Q3 2023-5.3%-1.3%-1.4%
Q2 2023+1.0%+4.5%+3.9%
Q1 2023+6.9%+4.1%-3.6%
Q4 2022-4.7%-2.9%-8.7%
Q3 2022+3.5%-2.3%+9.8%
Q2 2022-2.1%+3.8%-2.3%
Q1 2022-6.3%-2.8%+10.5%
Q4 2021+5.8%+7.0%+7.2%
Q3 2021-4.9%-1.9%-4.7%
Q2 2021+5.1%+7.9%+13.1%
Q1 2021+1.1%+0.6%+3.7%
Q4 2020-8.5%-6.9%-6.3%
Q3 2020+2.2%+10.2%+11.6%
Q2 2020+4.7%+6.2%+9.3%
Q1 2020+4.1%+1.8%+9.8%
Q4 2019+7.9%+5.9%+0.0%
Q3 2019+7.4%+7.7%+7.7%
Q2 2019-2.9%-5.0%-4.9%
Q1 2019+0.0%+1.8%+2.2%
Q4 2018+17.6%+17.5%+19.5%
Q3 2018-4.4%+1.8%-1.7%
Q2 2018+2.6%+3.3%+5.2%
Q1 2018-9.0%-7.8%-9.4%
Q4 2017+0.4%-2.1%-10.4%
Q3 2017-7.3%-3.1%-4.6%
Q2 2017+6.2%+11.1%+11.5%
Q1 2017-5.7%-2.7%+0.7%
Q4 2016+0.4%-0.0%+0.2%
Q3 2016-1.1%+3.7%+5.4%
Q2 2016+7.3%+9.2%+13.4%
Q1 2016+2.8%
Q4 2015-4.5%
Q3 2015+3.7%
Q2 2015+0.7%
Q1 2015+0.2%
Q4 2014+6.3%
Q3 2014+4.7%
Q2 2014-5.9%
Q1 2014+5.5%
Q4 2013-6.3%
Q3 2013-5.0%
Q2 2013-0.4%
Q1 2013+4.8%
Q4 2012+8.1%
Q3 2012-4.8%
Q2 2012-2.0%
Q1 2012+8.6%
Q4 2011+0.2%
Q3 2011+4.9%
Q2 2011-3.6%
Q1 2010-1.8%
Q1 2011-1.8%
Q4 2010+6.7%
Q3 2010+10.0%
Q2 2010+0.0%

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