2023-07-28 07:02:18 ET
- Charter Communications press release ( NASDAQ: CHTR ): Q2 GAAP EPS of $8.05 misses by $0.05 .
- Revenue of $13.66B (+0.4% Y/Y) misses by $180M .
- Second quarter revenue of $13.7 billion grew by 0.5% year-over-year, driven by residential Internet revenue growth of 3.1%, residential mobile service revenue growth of 29.8% and other revenue growth of 28.5%, primarily driven by higher mobile device sales.
- Second quarter total residential and small and medium business ("SMB") Internet customers increased by 77,000. As of June 30, 2023, Charter served a total of 30.6 million residential and SMB Internet customers.
- Second quarter total residential and SMB mobile lines increased by 648,000. As of June 30, 2023, Charter served a total of 6.6 million mobile lines.
- As of June 30, 2023, Charter had a total of 32.2 million residential and SMB customer relationships, which excludes mobile-only relationships.
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Charter Communications GAAP EPS of $8.05 misses by $0.05, revenue of $13.66B misses by $180M