Charter Communications' Q2 revenue of $13.69bn increased 0.2% YoY, exceeding estimates, while mobile service revenue surged 37% to $737m.
Charter Communications' Q2 revenue grew 0.2% YoY to $13.69bn, beating analyst estimates, driven by 1.3% Internet, 36.9% Mobile service, and 2.1% Commercial revenue growth. The company lost 154,000 residential Internet customers due to the end of FCC's ACP subsidies, while mobile service revenue surged 37% to $737m. EPS of $8.49 exceeded analyst estimates, and the adjusted EBITDA margin expanded by 100bps to 41.4%.
July 26, 2024
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