NASDAQ$CHTR
Charter Communications Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Charter's financial performance remained relatively stable year-over-year, with revenue growth driven by mobile and internet services, offset by declines in video. Customer relationships experienced a slight decrease, while strategic investments in network evolution and expansion continued.
Charter Communications reported a slight increase in revenue, driven by growth in residential mobile and internet services. The company's net income attributable to shareholders increased, and Adjusted EBITDA also saw growth. However, free cash flow decreased due to higher capital expenditures related to network evolution and expansion.
- Total residential and SMB Internet customers decreased by 72,000.
- Total residential and SMB mobile lines increased by 486,000.
- First quarter revenue grew slightly by 0.2% year-over-year to $13.7 billion.
- Net income attributable to Charter shareholders totaled $1.1 billion.
Headline financials
Revenue & EPS history
Charter · Revenue · Quarterly
$13.7B
Revenue by segment
Charter · $13.6B total across 8 segments · Q3 2023
- Internet$5.78B+3.7%42.5%
- Video$4B-8.6%29.5%
- Small business$1.09B+0.3%8.0%
- Mid-market & large business$698M+3.7%5.1%
- Other$677M+203.6%5.0%
- Mobile service$581M-22.5%4.3%
- Advertising sales$384M-20.2%2.8%
- Voice$379M-3.1%2.8%
Forward guidance
Charter expects full year 2024 capital expenditures to total between $12.2 billion and $12.4 billion, including line extensions capital expenditures of approximately $4.5 billion and network evolution spend of approximately $1.6 billion.
Tailwinds
- Continued network expansion across residential and commercial greenfield and market fill-in opportunities.
- Focus on upgrade/rebuild (primarily network evolution).
- Deployment of Xumo Stream Boxes to video customers.
- Launch of new value-oriented Internet-delivered streaming TV packages.
- Availability of Spectrum Mobile to new and existing Spectrum Internet customers.
Headwinds
- Pace of Charter's network evolution and expansion initiatives.
- Supply chain timing.
- Growth rates in Charter's residential and commercial businesses.
- Competition from other market participants.
- General business conditions, unemployment levels and the level of activity in the housing sector and economic uncertainty or downturn.
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 2024
+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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro