Charter Q3 2024 Earnings Report
Key Takeaways
Charter Communications reported a 1.6% year-over-year increase in revenue to $13.8 billion for Q3 2024, driven by growth in residential mobile service and internet revenue. Net income attributable to Charter shareholders totaled $1.3 billion. Total internet customers decreased by 110,000, while mobile lines increased by 545,000.
Total revenue increased by 1.6% year-over-year to $13.8 billion.
Net income attributable to Charter shareholders totaled $1.3 billion.
Total internet customers decreased by 110,000.
Total mobile lines increased by 545,000.
Charter
Charter
Charter Revenue by Segment
Forward Guidance
Charter expects full-year 2024 capital expenditures to total approximately $11.5 billion, a decrease from the previous expectation of approximately $12.0 billion.
Positive Outlook
- Lower expected network evolution spend in 2024.
- Lower expected line extensions spend in 2024.
Challenges Ahead
- Higher expected rebuild spend related to plant restoration following recent hurricanes.
- Timing of software certification and integration affecting network evolution spend.
- Temporary shift in labor resources for plant restoration efforts following hurricanes Helene and Milton affecting line extensions spend.
Revenue & Expenses
Visualization of income flow from segment revenue to net income