Charter Communications (CHTR) Tops Q2 EPS by 15c
Charter Communications (NASDAQ: CHTR) reported Q2 EPS of $1.15, $0.15 better than the analyst estimate of $1.00. Revenue for the quarter came in at $10.9 million versus the consensus estimate of $10.83 million.
- As of June 30, 2018, Charter had 27.6 million total customer relationships and 52.9 million total PSUs.
- Second quarter total residential and SMB customer relationships increased 196,000, compared to 213,000 during the second quarter of 2017. Over the twelve months ended June 30, 2018, total residential and SMB customer relationships grew by 3.3%.
- In the second quarter, total residential and SMB video, Internet and voice customers increased by 202,000, as compared to 246,000 during the second quarter of 2017.
- Second quarter revenues of $10.9 billion grew 4.8%, as compared to the prior year period, driven by residential revenue growth of 4.6%, commercial revenue growth of 4.4%, and advertising revenue growth of 12.0%.
- Second quarter Adjusted EBITDA1 of $4.1 billion grew 5.3% year-over-year, and 6.2% when excluding second quarter mobile costs.
- Net income attributable to Charter shareholders totaled $273 million in the second quarter, compared to $139 million during the same period last year.
- Second quarter capital expenditures totaled $2.4 billion compared to $2.1 billion during the second quarter of 2017, primarily driven by in-year timing differences and Charter\'s all-digital and Internet speed increase initiatives. Second quarter capital expenditures included $88 million of all-digital costs and $53 million of mobile launch costs.
- During the second quarter, Charter purchased approximately 6.4 million shares of Charter Class A common stock and Charter Communications Holdings, LLC ("Charter Holdings") common units for approximately $1.9 billion.
For earnings history and earnings-related data on Charter Communications (CHTR) click here.