The earnings call reflects a mixed sentiment with significant growth in mobile and effective cost management, but also challenges in retaining Internet customers and impacts from external factors like hurricanes and the end of the ACP program.

Company Guidance

In the third quarter of 2024, Charter Communications provided several key metrics and strategic insights during their earnings call. The company reported a loss of 110,000 Internet customers but added 545,000 Spectrum Mobile lines, resulting in over 2.1 million lines year-over-year. Revenue grew by 1.6%, while adjusted EBITDA increased by 3.6%. Charter also highlighted their strategic initiatives, including a brand relaunch under "Life Unlimited," a new pricing and packaging structure, and a commitment to customer service. Additionally, Charter's network evolution initiative aims to bring multi-gigabit speeds to their entire footprint by 2027. The company is actively managing the aftermath of hurricanes and the expiration of the Affordable Connectivity Program, which impacted their customer base. Looking forward, Charter plans to activate close to 400,000 new subsidized rural passings in 2024 and expects its rural build to be completed by 2026.

Mobile Growth and Revenue Increase

Charter added 545,000 Spectrum Mobile lines and over 2.1 million lines year-over-year. Revenue grew by 1.6% in the quarter, while adjusted EBITDA grew by 3.6%.

Effective Cost Management

Total operating expenses grew by only 0.2% year-over-year, with programming costs declining by 10% due to various strategic measures.

Successful Brand Relaunch and New Pricing

In mid-September, Charter introduced a brand relaunch with new pricing and packaging, showing promising results in more video sell-in, more mobile lines per sale, and more gig sell-in.

Rural Expansion Progress

Charter ended the quarter with 696,000 subsidized rural passings, growing by 114,000 in the third quarter, and expects to activate close to 400,000 new subsidized rural passings in 2024.

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Charter Communications (GB:0HW4) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GB:0HW4 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 31, 2018	2018 (Q2)	- / 1.15	0.52	121.15% (+0.63)	―	―
Oct 26, 2018	2018 (Q3)	- / 2.11	0.19	1010.53% (+1.92)	―	―
Jan 31, 2019	2018 (Q4)	- / 1.29	0.909	41.91% (+0.38)	―	―
Apr 30, 2019	2019 (Q1)	- / 1.11	0.7	58.57% (+0.41)	―	―
Jul 26, 2019	2019 (Q2)	- / 1.39	1.15	20.87% (+0.24)	―	―
Oct 25, 2019	2019 (Q3)	- / 1.74	2.11	-17.54% (-0.37)	―	―
Jan 31, 2020	2019 (Q4)	- / 3.28	1.29	154.26% (+1.99)	―	―
May 01, 2020	2020 (Q1)	- / 1.86	1.11	67.57% (+0.75)	―	―
Jul 31, 2020	2020 (Q2)	- / 3.63	1.39	161.15% (+2.24)	―	―
Oct 30, 2020	2020 (Q3)	- / 3.90	1.74	124.14% (+2.16)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GB:0HW4 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 01, 2024	$327.19	$367.77	+12.40%
Jul 26, 2024	$318.29	$366.14	+15.03%
Apr 26, 2024	$257.08	$251.98	-1.98%
Feb 02, 2024	$379.61	$320.57	-15.55%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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