Charter Q1 2021 Earnings Report
Key Takeaways
Charter Communications reported a 6.7% year-over-year increase in revenue to $12.5 billion for the first quarter of 2021. The company added 302,000 residential and SMB customer relationships, 355,000 Internet customers, and 300,000 mobile lines. Net income attributable to Charter shareholders totaled $807 million.
Total residential and SMB customer relationships increased by 302,000 in Q1 2021.
Total residential and SMB Internet customers increased by 355,000 in Q1 2021.
Total residential and SMB mobile lines increased by 300,000 in Q1 2021.
First quarter revenue grew by 6.7% year-over-year, driven by residential and mobile revenue growth.
Charter
Charter
Charter Revenue by Segment
Forward Guidance
Charter expects 2021 cable capital expenditures, excluding Rural Digital Opportunity Fund investments which will begin later this year, to be relatively consistent as a percentage of cable revenue versus 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income