NASDAQ$CHTR
Charter Communications Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Charter's Q2 2020 results reflected growth in customer relationships and revenue, driven by residential, mobile, and SMB sectors, despite challenges from COVID-19 impacts.
Charter Communications reported a strong second quarter with significant growth in residential and SMB customer relationships, driven by increased internet adoption. Revenue grew by 3.1% year-over-year to $11.7 billion, fueled by residential, mobile, and SMB revenue growth. Net income attributable to Charter shareholders increased substantially to $766 million, and free cash flow saw a significant rise to $1.9 billion.
- Total residential and SMB customer relationships increased by 755,000, marking a substantial rise compared to the previous year.
- Residential and SMB Internet customers increased by 850,000, highlighting strong demand for internet services.
- Spectrum MobileTM lines grew by 325,000, reaching a total of 1.7 million mobile lines.
- Revenue growth was driven by residential (4.1%), mobile (96.1%), and SMB (2.0%) sectors.
Headline financials
Revenue & EPS history
Charter · Revenue · Quarterly
$11.7B
Revenue by segment
Charter · $11.7B total across 8 segments · Q2 2020
- Internet$4.53B+10.4%38.7%
- Video$4.37B-0.5%37.4%
- Small business$983M+2.1%8.4%
- Mid-market & large business$606M-7.1%5.2%
- Voice$451M-7.8%3.9%
- Mobile service$310M+96.2%2.7%
- Advertising sales$249M-37.0%2.1%
- Other$196M+0.0%1.7%
Forward guidance
Charter expects 2020 cable capital expenditures to decline as a percentage of cable revenue versus 2019.
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 Q2 2020
+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% | — | — |
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