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Mar 31, 2020
Charter Q1 2020 Earnings Report
Charter's financial and operating results for the first quarter of 2020 were reported, showing growth in customer relationships, revenue, and adjusted EBITDA.
Key Takeaways
Charter Communications reported a strong first quarter in 2020, marked by significant growth in residential and SMB customer relationships and internet customers. Revenue increased by 4.8% year-over-year, driven by residential, mobile, and SMB revenue growth. Adjusted EBITDA also saw substantial growth, and net income attributable to Charter shareholders increased significantly.
Total residential and SMB customer relationships increased by 486,000, and Internet customers increased by 582,000.
Charter added 290,000 Spectrum Mobile lines, reaching a total of 1.4 million mobile lines.
Revenue grew by 4.8% year-over-year, driven by residential, mobile and SMB revenue growth.
Net income attributable to Charter shareholders totaled $396 million, compared to $253 million during the same period last year.
Charter
Charter
Charter Revenue by Segment
Revenue by Segment
Internet Revenue
CapyFin.comVideo Revenue
CapyFin.comMobile Service Revenue
CapyFin.comVoice Revenue
CapyFin.comSmall Business Revenue
CapyFin.comMid-Market & Large Business Revenue
CapyFin.comAdvertising Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
Charter expects 2020 cable capital expenditures to decline as a percentage of cable revenue versus 2019.
Revenue & Expenses
Visualization of income flow from segment revenue to net income