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Sep 30, 2022

Charter Q3 2022 Earnings Report

Charter's Q3 2022 results were announced, demonstrating growth driven by mobile and advertising revenue.

Key Takeaways

Charter Communications reported a 3.1% year-over-year increase in revenue, driven by growth in mobile and advertising sales. Residential and SMB Internet customers increased by 75,000, while mobile lines increased by 396,000. Net income attributable to Charter shareholders totaled $1.2 billion.

Total residential and SMB Internet customers increased by 75,000.

Total residential and SMB mobile lines increased by 396,000.

Revenue grew by 3.1% year-over-year, driven by mobile and advertising sales.

Net income attributable to Charter shareholders totaled $1.2 billion.

Total Revenue
$13.6B
Previous year: $13.1B
+3.1%
EPS
$7.38
Previous year: $6.5
+13.5%
Residential Customers
29.95M
Previous year: 29.82M
+0.4%
SMB Customers
2.2M
Previous year: 2.13M
+3.2%
Residential Internet
28.32M
Previous year: 27.97M
+1.3%
Gross Profit
$6.27B
Previous year: $5.19B
+20.9%
Cash and Equivalents
$480M
Previous year: $466M
+3.0%
Free Cash Flow
$1.35B
Previous year: $2.48B
-45.4%
Total Assets
$144B
Previous year: $142B
+0.8%

Charter

Charter

Charter Revenue by Segment

Forward Guidance

Charter expects full year 2022 cable capital expenditures, excluding capital expenditures associated with its rural construction initiative, to be between $7.1 billion and $7.3 billion.

Revenue & Expenses

Visualization of income flow from segment revenue to net income