Broadband service provider Charter Communications Inc (NASDAQ: CHTR) on Friday reported financial results for the third quarter of 2024.
- Third-quarter revenue increased 1.6% year-over-year to $13.8 billion, driven by residential mobile service revenue growth of 37.6% and residential Internet revenue growth of 1.7%
- Net income attributable to the company moved up to $1.28 billion in the third quarter from $1.26 billion a year earlier
- Total Internet customers decreased by 1.3% year over to 30.3 million in the September quarter
- Total mobile lines increased by 545,000 and the company ended the quarter with 9.4 million mobile lines
- As of September 30, Charter had a total of 31.7 million customer relationships, excluding mobile-only relationships
- Third-quarter adjusted EBITDA was $5.6 billion, which represents a 3.6% year-over-year increase
- Capital expenditures totaled $2.6 billion in Q3, including $1.1 billion of line extensions
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
