No data to display.

Charter announces second quarter 2021 results

By Hemanth on Jul 31, 2021 | 02:31 AM IST


Charter Communications, Inc. [CHTR] today reported financial and operating results for the three and six months ended June 30, 2021.


Key highlights:

•Second quarter total residential and small and medium business ("SMB") customer relationships increased by 332,000. As of June 30, 2021, Charter served a total of 31.8 million residential and SMB customers, with 1.3 million net new customer relationships added over the last twelve months.

•Second quarter total residential and SMB Internet customers increased by 400,000. As of June 30, 2021, Charter served a total of 29.6 million residential and SMB Internet customers, with 1.5 million total Internet customers added over the last twelve months.

•Second quarter total residential and SMB mobile lines increased by 265,000. As of June 30, 2021, Charter served a total of 2.9 million mobile lines, with 1.2 million mobile lines added over the last twelve months.

•Second quarter revenue of $12.8 billion grew by 9.5% year-over-year, driven by residential revenue growth of 6.8%, mobile revenue growth of 67.5% and advertising sales revenue growth of 65.1%.

•Second quarter Adjusted EBITDA 1 of $5.0 billion grew by 11.8% year-over-year.

•Net income attributable to Charter shareholders totaled $1.0 billion in the second quarter.

•Second quarter capital expenditures totaled $1.9 billion and included $124 million of mobile-related capital expenditures.

•Second quarter free cash flow 1 of $2.1 billion grew by 10.8% year-over-year.

•During the second quarter, Charter purchased approximately 6.1 million shares of Charter Class A common stock and Charter Communications Holdings, LLC ("Charter Holdings") common units for approximately $4.0 billion.

"Our operating strategy continues to deliver strong customer and financial growth despite an operating environment that has yet to return to normal," said Tom Rutledge, Chairman and CEO of Charter. "And the opportunity at Charter is what it has always been — to continue to create customer relationships with our high-quality connectivity services, delivering value for consumers and our shareholders over time."


Stock View