NASDAQ$CHTR

Charter Communications Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Charter's financial performance for Q1 2022 reflected revenue growth driven by residential, mobile, and commercial sectors, alongside an increase in customer relationships and mobile lines.

Charter Communications reported a 5.4% year-over-year increase in first-quarter revenue, reaching $13.2 billion, driven by growth in residential, mobile, and commercial revenues. The company added 129,000 residential and SMB customer relationships and 373,000 mobile lines. Net income attributable to Charter shareholders totaled $1.2 billion.

  • Total residential and SMB customer relationships increased by 129,000, reaching a total of 32.2 million.
  • Total residential and SMB Internet customers increased by 185,000, bringing the total to 30.3 million.
  • Total residential and SMB mobile lines increased by 373,000, reaching a total of 3.9 million.
  • First quarter revenue grew by 5.4% year-over-year to $13.2 billion, driven by residential, mobile and commercial revenue growth.

Headline financials

Total Revenue

$13.2B

Previous: $12.5B+5.4%
EPS (adj)

$6.90

Previous: $4.11+67.9%
Residential Customer Relationships

30.0M

Previous: 29.4M+2.3%
Small Business Customer Relationships

2.2M

Previous: 2.1M+4.4%
Residential Internet Customers

28.3M

Previous: 27.4M+3.5%
Small Business Internet Customers

2.0M

Previous: 1.9M+5.1%
Residential Video Customers

15.1M

Previous: 15.5M-2.5%
Small Business Video Customers

628.0K

Previous: 579.0K+8.5%
Residential Voice Customers

8.5M

Previous: 9.1M-7.1%
Small Business Voice Customers

1.3M

Previous: 1.2M+4.0%
Residential Mobile Lines

3.8M

Previous: 2.6M+46.1%
Monthly Residential Revenue per Customer

$113.28

Previous: $112.18+1.0%
Monthly Small Business Revenue per Customer

$163.96

Previous: $163.79+0.1%
Capital Expenditures

-$1.86B

Previous: -$1.82B-2.0%
Free Cash Flow

-$654M

Previous: -$1.01B+35.5%
Net Income

$1.2B

Previous: $807M+49.1%
Operating Income

$2.77B

Previous: $2.07B+34.0%
Gross Profit

$13.2B

Previous: $12.5B+5.4%
Cash & Equivalents

$2.43B

Previous: $772M+214.9%
Total Assets

$144B

Previous: $143B+0.4%
Stock-Based Comp

$147M

Previous: $134M+9.7%

Revenue & EPS history

Charter · Revenue · Quarterly

$13.2B

Q1 2022+5.4%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Charter · $13.2B total across 8 segments · Q1 2022

  • Internet
    $5.45B+7.2%
  • Video
    $4.35B+0.0%
  • Small business
    $1.06B+4.6%
  • Mobile service
    $690M+40.2%
  • Mid-market & large business
    $661M+3.6%
  • Voice
    $391M-2.0%
  • Advertising sales
    $383M+11.3%
  • Other
    $218M+5.3%

Forward guidance

Charter expects full year 2022 cable capital expenditures, excluding capital expenditures associated with its rural construction initiative, to be between $7.1 billion and $7.3 billion.

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 2022

Historical avgQ1 2022

+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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