The chart below shows how CHTR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CHTR sees a -1.60% change in stock price 10 days leading up to the earnings, and a +2.54% change 10 days following the report. On the earnings day itself, the stock moves by +0.77%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Quarterly Revenue and EBITDA Growth: Revenue grew by 1.6% in the quarter, while adjusted EBITDA grew by 3.6%.
Mobile Line Expansion: We added 545,000 Spectrum mobile lines and over 2.1 million lines year-over-year.
Rural Passings Growth: We ended the quarter with 696,000 subsidized rural passings, growing by 114,000 in the third quarter and by 381,000 over the last 12 months.
Net Income Consistency: We generated $1.3 billion of net income attributable to Charter shareholders in the third quarter, in line with last year.
Share Repurchase Activity: We repurchased just under 850,000 Charter shares totaling $260 million at an average price of $311 per share.
Negative
Customer Loss Analysis: During the third quarter, we lost 110,000 internet customers.
Customer Decline Overview: Video customers declined by 294,000 and wireless voice customers declined by 288,000.
Churn Impact from ACP Program: The end of the ACP program drove higher third quarter non-pay and voluntary churn among former ACP customers for an estimated third quarter impact of approximately 200,000 internet losses.
Incremental Capital Expenditures: We expect to incur approximately $100 million in incremental capital expenditures, the vast majority of which will be captured in our rebuild capital expenditures line.
Rural Passings Update: We ended the quarter with 696,000 subsidized rural passings.
Charter Communications, Inc. (CHTR) Q3 2024 Earnings Call Transcript
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