Loading...
•
Jun 30, 2022
Charter Q2 2022 Earnings Report
Charter's financial and operating results for Q2 2022 were reported, demonstrating revenue growth driven by residential, mobile, and commercial sectors, alongside an increase in net income.
Key Takeaways
Charter Communications reported a 6.2% year-over-year increase in revenue, reaching $13.6 billion, driven by growth in residential, mobile, and commercial sectors. Net income attributable to Charter shareholders increased by 44.2% to $1.5 billion. The company added 344,000 mobile lines and has a total of 32.1 million residential and SMB customer relationships.
Total residential and SMB mobile lines increased by 344,000 in Q2 2022, reaching a total of 4.3 million mobile lines.
Total residential and SMB Internet customers decreased by 21,000 in Q2, impacted by the discontinuation of the Emergency Broadband Benefit program.
Charter served a total of 32.1 million residential and SMB customer relationships, excluding mobile-only relationships.
Q2 revenue grew by 6.2% year-over-year, driven by residential revenue growth of 4.5%, mobile revenue growth of 39.8%, and commercial revenue growth of 4.2%.
Revenue by Segment
Forward Guidance
Charter expects to grow its business by offering value-rich packages at affordable prices. The company is well-positioned due to the convergence of fixed and mobile broadband services, providing opportunities to save customers money, increase connects, reduce churn, and drive overall customer relationship growth.
Positive Outlook
- Convergence of fixed and mobile broadband services.
- Opportunity to save customers money with converged packages.
- Potential to increase customer connects.
- Ability to reduce churn through better value offerings.
- Drive overall customer relationship growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...