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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.

Earnings Update by AlphaStreet

— 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.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Also Read:  Earnings calendar for the week of Nov. 16

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