Charter Q2 2020 Earnings Report
Key Takeaways
Charter Communications reported a strong second quarter with significant growth in residential and SMB customer relationships, driven by increased internet adoption. Revenue grew by 3.1% year-over-year to $11.7 billion, fueled by residential, mobile, and SMB revenue growth. Net income attributable to Charter shareholders increased substantially to $766 million, and free cash flow saw a significant rise to $1.9 billion.
Total residential and SMB customer relationships increased by 755,000, marking a substantial rise compared to the previous year.
Residential and SMB Internet customers increased by 850,000, highlighting strong demand for internet services.
Spectrum MobileTM lines grew by 325,000, reaching a total of 1.7 million mobile lines.
Revenue growth was driven by residential (4.1%), mobile (96.1%), and SMB (2.0%) sectors.
Charter
Charter
Charter Revenue by Segment
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