NASDAQ$CHTR

Charter Communications Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Charter's Q2 2021 results were announced, demonstrating growth in customer relationships, revenue, and adjusted EBITDA.

Charter Communications reported a strong second quarter in 2021, marked by significant growth in customer relationships, revenue, and adjusted EBITDA. The company added 332,000 residential and SMB customer relationships and 400,000 Internet customers. Revenue increased by 9.5% year-over-year, driven by growth in residential, mobile, and advertising sales. Adjusted EBITDA grew by 11.8% year-over-year, and net income attributable to Charter shareholders totaled $1.0 billion.

  • Total residential and SMB customer relationships increased by 332,000.
  • Total residential and SMB Internet customers increased by 400,000.
  • Total residential and SMB mobile lines increased by 265,000.
  • Revenue grew by 9.5% year-over-year, driven by residential, mobile, and advertising sales growth.

Headline financials

Total Revenue

$12.8B

Previous: $11.7B+9.5%
EPS (adj)

$5.29

Previous: $3.63+45.7%
Residential Customer Relationships

29.7M

Previous: 28.5M+4.1%
Small Business Customer Relationships

2.1M

Previous: 2.0M+6.3%
Residential Internet Customers

27.7M

Previous: 26.3M+5.4%
Small Business Internet Customers

1.9M

Previous: 1.8M+7.2%
Residential Video Customers

15.4M

Previous: 15.7M-1.5%
Small Business Video Customers

592.0K

Previous: 516.0K+14.7%
Residential Voice Customers

9.0M

Previous: 9.4M-4.1%
Small Business Voice Customers

1.3M

Previous: 1.2M+7.7%
Residential Mobile Lines

2.9M

Previous: 1.7M+68.2%
Monthly Residential Revenue per Customer

$112.85

Previous: $110.82+1.8%
Monthly Small Business Revenue per Customer

$166.28

Previous: $166.06+0.1%
Capital Expenditures

-$3.7B

Previous: -$3.34B-10.9%
Free Cash Flow

-$2.68B

Previous: -$2.57B-4.3%
Net Income

$1.02B

Previous: $766M+33.2%
Operating Income

$2.58B

Previous: $1.97B+30.8%
Gross Profit

$12.8B

Previous: $11.7B+9.5%
Cash & Equivalents

$1.71B

Previous: $2.1B-18.4%
Total Assets

$144B

Previous: $145B-0.8%
Stock-Based Comp

$100M

Previous: $90M+11.1%

Revenue & EPS history

Charter · Revenue · Quarterly

$12.8B

Q2 2021+9.5%vs Q2 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Charter · $12.8B total across 8 segments · Q2 2021

  • Internet
    $5.22B+15.3%
  • Video
    $4.38B+0.2%
  • Small business
    $1.04B+6.0%
  • Mid-market & large business
    $636M+5.0%
  • Mobile service
    $519M+67.4%
  • Advertising sales
    $411M+65.1%
  • Voice
    $394M-12.6%
  • Other
    $201M+2.6%

Forward guidance

Charter anticipates consistent cable capital expenditures as a percentage of cable revenue versus 2020, excluding Rural Digital Opportunity Fund investments.

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 2021

Historical avgQ2 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%

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