NASDAQ$CHTR

Charter Communications Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Charter's Q3 2022 results were announced, demonstrating growth driven by mobile and advertising revenue.

Charter Communications reported a 3.1% year-over-year increase in revenue, driven by growth in mobile and advertising sales. Residential and SMB Internet customers increased by 75,000, while mobile lines increased by 396,000. Net income attributable to Charter shareholders totaled $1.2 billion.

  • Total residential and SMB Internet customers increased by 75,000.
  • Total residential and SMB mobile lines increased by 396,000.
  • Revenue grew by 3.1% year-over-year, driven by mobile and advertising sales.
  • Net income attributable to Charter shareholders totaled $1.2 billion.

Headline financials

Total Revenue

$13.6B

Previous: $13.1B+3.1%
EPS (adj)

$7.38

Previous: $6.50+13.5%
Residential Customer Relationships

29.9M

Previous: 29.8M+0.4%
Small Business Customer Relationships

2.2M

Previous: 2.1M+3.2%
Residential Internet Customers

28.3M

Previous: 28.0M+1.3%
Small Business Internet Customers

2.0M

Previous: 1.9M+3.8%
Residential Video Customers

14.6M

Previous: 15.3M-4.2%
Small Business Video Customers

649.0K

Previous: 604.0K+7.5%
Residential Voice Customers

7.9M

Previous: 8.8M-9.7%
Small Business Voice Customers

1.3M

Previous: 1.3M+1.1%
Residential Mobile Lines

4.5M

Previous: 3.1M+46.4%
Monthly Residential Revenue per Customer

$115.16

Previous: $115.15+0.0%
Monthly Small Business Revenue per Customer

$164.89

Previous: $167.29-1.4%
Capital Expenditures

-$6.46B

Previous: -$5.56B-16.1%
Free Cash Flow

-$5.27B

Previous: -$4.35B-21.3%
Net Income

$1.19B

Previous: $1.22B-2.6%
Operating Income

$2.92B

Previous: $2.93B-0.1%
Gross Profit

$13.6B

Previous: $13.1B+3.1%
Cash & Equivalents

$480M

Previous: $466M+3.0%
Total Assets

$144B

Previous: $142B+0.8%
Stock-Based Comp

$109M

Previous: $98M+11.2%

Revenue & EPS history

Charter · Revenue · Quarterly

$13.6B

Q3 2022+3.1%vs Q3 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Charter · $13.6B total across 8 segments · Q3 2022

  • Internet
    $5.57B+3.9%
  • Video
    $4.38B-2.7%
  • Small business
    $1.08B+1.9%
  • Mobile service
    $750M+40.2%
  • Mid-market & large business
    $673M+2.6%
  • Advertising sales
    $481M+23.0%
  • Voice
    $391M-4.4%
  • Other
    $223M-2.2%

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 Q3 2022

Historical avgQ3 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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