Charter Communications, Inc.


SKU: CHTR-1 Category:


Charter Communications delivered a mixed set of results in its most recent result, with revenues falling short of Wall Street expectations but above-par earnings. In the quarter, Charter added 63,000 Internet customers, capitalizing on expansion within existing areas and a new subsidized rural footprint. Additionally, the company gained nearly 600,000 Spectrum Mobile lines through its Spectrum One offering. With over 7 million total mobile lines and 12% of Internet customers now availing mobile services, Charter anticipates substantial growth in mobile penetration in the coming years. Despite temporary revenue headwinds, adjusted EBITDA saw a 0.7% YoY increase, signaling a positive trajectory expected to continue with the realization of operational investments. Charter’s footprint expansion initiative is on course, with plans to add approximately 300,000 new subsidized rural passings in 2023, accelerating in 2024. Rural builds have surpassed expectations, achieving nearly 50% penetration at the 12-month mark. The evolution initiative, encompassing network evolution, convergence efforts, and video product transformation, remains on track. Spectrum One, the converged product offering, boasts high connectivity speeds, innovative features, and competitive pricing. In addition, the Xumo platform has unveiled the introduction of the Xumo Stream Box to Spectrum households. It is anticipated that this offering will be made available to Xfinity homes in the near future.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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