NASDAQ$CHTR

Charter Communications Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Charter's Q4 2019 financial results were announced, showcasing revenue growth and increased customer relationships.

Charter Communications reported a 4.7% increase in revenue to $11.8 billion for Q4 2019, driven by growth in Internet, mobile, video, and SMB revenue. The company added 268,000 residential and SMB customer relationships and 288,000 mobile lines. Net income attributable to Charter shareholders totaled $714 million, a significant increase from $296 million in the same period last year.

  • Total residential and SMB customer relationships increased by 268,000 in Q4 2019.
  • Internet customers increased by 339,000 in Q4 2019.
  • Charter added 288,000 Spectrum Mobile lines in Q4 2019.
  • Q4 revenue grew by 4.7% year-over-year to $11.8 billion.

Headline financials

Total Revenue

$11.8B

Previous: $11.2B+4.7%
EPS (adj)

$3.28

Previous: $1.30+152.3%
Residential Customer Relationships

27.3M

No prior period
Small Business Customer Relationships

2.0M

No prior period
Residential Internet Customers

24.9M

Previous: 23.6M+5.4%
Small Business Internet Customers

1.8M

No prior period
Residential Video Customers

15.6M

Previous: 16.1M-3.0%
Small Business Video Customers

524.0K

No prior period
Residential Voice Customers

9.4M

Previous: 10.1M-6.8%
Small Business Voice Customers

1.1M

No prior period
Residential Mobile Lines

1.1M

No prior period
Monthly Residential Revenue per Customer

$113.79

No prior period
Monthly Small Business Revenue per Customer

$169.06

No prior period
Capital Expenditures

$2.28B

Previous: $2.43B-6.2%
Free Cash Flow

$1.58B

Previous: $735M+115.0%
Net Income

$714M

Previous: $296M+141.2%
Operating Income

$1.96B

Previous: $1.44B+36.1%
Gross Profit

$4.45B

Previous: $4.09B+8.8%
Cash & Equivalents

$3.48B

Previous: $551M+532.1%
Total Assets

$148B

Previous: $146B+1.4%
Stock-Based Comp

$77M

Previous: $72M+6.9%

Revenue & EPS history

Charter · Revenue · Quarterly

$11.8B

Q4 2019+4.7%vs Q4 2018
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Charter · $11.8B total across 8 segments · Q4 2019

  • Video
    $4.47B+2.6%
  • Internet
    $4.35B+11.6%
  • Small business
    $986M+6.3%
  • Mid-market & large business
    $617M-4.6%
  • Voice
    $450M-12.6%
  • Advertising sales
    $434M-22.8%
  • Mobile service
    $236M+165.2%
  • Other
    $220M-6.0%

Forward guidance

Charter expects 2020 cable capital expenditures to decline as a percentage of cable revenue compared to 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 Q4 2019

Historical avgQ4 2019

+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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