Categories Earnings, LATEST, Leisure & Entertainment
Charter Communications (NASDAQ: CHTR): Q4 2019 Earnings Snapshot
— Cable provider Charter Communications (NASDAQ: CHTR) reported its fourth-quarter 2019 earnings of $3.28 per share versus $2.48 per share expected.
— Revenue rose by 5% to $11.76 billion versus $11.73 billion expected. This is driven by growth in Internet, mobile, video, and SMB (small to medium-sized business) revenue.
— Excluding mobile and advertising revenue, which benefited from political spending in the fourth quarter of 2018, revenue grew by 4.8% year-over-year.
— Video revenues rose 2.6% on rate adjustments and promotional roll-off, partly offset by a decline in video customers during the last year, a higher mix of streaming and lighter video packages within its video customer base and lower pay-per-view and video on demand revenue.
— Internet revenues grew 11.5% driven by growth in Internet customers during the last year, promotional roll-off, and rate adjustments.
— Voice revenues fell 12.5% due to a decline in wireline voice customers over the last twelve months and value-based pricing.
— Commercial revenues rose 1.8% on SMB revenue growth of 6.4%, partly offset by a decline in enterprise revenue of 4.5%.
— Advertising revenue dropped by 22.7% due to lower political revenue. Excluding political revenue, advertising sales revenue rose by 4.6% year-over-year.
— Other revenue decreased by 6.6% due to lower processing fees and home shopping revenue, partly offset by video customer premise equipment sold to customers.
Most Popular
Spotify (SPOT) Earnings: 3Q24 Key Numbers
Spotify Technology S.A. (NYSE: SPOT) reported total revenue of EUR3.98 billion for the third quarter of 2024, up 19% year-over-year. Net income attributable to owners of the parent was EUR300
Nvidia (NVDA) looks poised to deliver blowout results once again
After a blockbuster first half, Nvidia Corporation (NASDAQ: NVDA) is preparing to publish data on its third-quarter financial performance next week. Since the company is expected to provide updates on
Key takeaways from Tyson Foods’ (TSN) Q4 2024 earnings report
Shares of Tyson Foods, Inc. (NYSE: TSN) jumped over 8% on Tuesday after the company delivered better-than-expected earnings results for the fourth quarter of 2024. Revenue and earnings beat estimates,