Charter Q2 2021 Earnings Report
Key Takeaways
Charter Communications reported a strong second quarter in 2021, marked by significant growth in customer relationships, revenue, and adjusted EBITDA. The company added 332,000 residential and SMB customer relationships and 400,000 Internet customers. Revenue increased by 9.5% year-over-year, driven by growth in residential, mobile, and advertising sales. Adjusted EBITDA grew by 11.8% year-over-year, and net income attributable to Charter shareholders totaled $1.0 billion.
Total residential and SMB customer relationships increased by 332,000.
Total residential and SMB Internet customers increased by 400,000.
Total residential and SMB mobile lines increased by 265,000.
Revenue grew by 9.5% year-over-year, driven by residential, mobile, and advertising sales growth.
Charter
Charter
Charter Revenue by Segment
Forward Guidance
Charter anticipates consistent cable capital expenditures as a percentage of cable revenue versus 2020, excluding Rural Digital Opportunity Fund investments.
Revenue & Expenses
Visualization of income flow from segment revenue to net income