Index Investing News
Sunday, May 25, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Charter falls 15% on profit miss, drop in Internet customers (NASDAQ:CHTR)

by Index Investing News
February 2, 2024
in Markets
Reading Time: 2 mins read
A A
0
Home Markets
Share on FacebookShare on Twitter


Michael Vi/iStock Editorial via Getty Images

Charter Communications (NASDAQ:CHTR) slid 15% Friday in its worst day in over a year, as the company missed profit expectations and surprised investors with a decline in broadband subscribers to go along with a now-standard drop-off in cable video customers.

Revenue ticked up barely to $13.7B, in line with expectations, thanks to gains on the residential side.

But net income fell 11.5% to $1.06B, with margin dropping a full percentage point; the company blamed that drop mainly on a pension remeasurement loss and higher interest expenses.

Earnings per share of $7.07 missed expectations for $8.84. Adjusted earnings before interest, taxes, depreciation and amortization ticked up 1.6% year-over-year to $5.6B.

Meanwhile, operating metrics disappointed. The company’s Internet subscribers (residential and small/medium business) fell by 61,000 in the quarter, trimming the full-year addition total to 155,000 adds.

Total video customers — undergoing a long secular decline overall — fell by 257,000 in the fourth quarter. Voice-line customers fell by 251,000.

The bright spot was mobile lines, which grew by 546,000 to 7.77M lines overall.

Revenues by segment: Internet, $5.81B (up 3%); Video, $3.91B (down 8.1%); Voice, $393M (up 3.8%); Mobile Service, $626M (up 35.7%); Small and Medium Business, $1.08B (down 0.9%); Enterprise, $700M (up 3.8%); Commercial revenue, $1.78B (up 0.9%); Advertising sales, $428M (down 23.4%); Other, $771M (up 24.4%).

Weaker-than-expected core and rural subsidized trends sank the broadband losses number, J.P. Morgan analyst Sebastiano Petti wrote. That came even amid slower growth at Charter’s rivals, he noted: “Was the 4Q slowdown a one-off event, or can Charter return to broadband growth in ’24?” And he questioned whether growth came accelerate in 2024 as Disney programming costs come on line.

Other cablecos fell in sympathy Friday: Key rival Comcast (CMCSA) was down 3.4%, while Liberty Broadband (LBRDK) tumbled 16.1%. Altice USA (ATUS) slid 13.9%; WideOpenWest (WOW) -8.6%; CableOne (CABO) -8.7%.

More on Charter Communications



Source link

Tags: CharterCustomersDropFallsInternetNASDAQCHTRprofit
ShareTweetShareShare
Previous Post

How a law has turned the tables on interfaith couples

Next Post

Sean Wang Lives His ‘Fairy Tale’ at Sundance

Related Posts

ValueAct takes a stake in Rocket Cos. How the activist might assist raise shares

ValueAct takes a stake in Rocket Cos. How the activist might assist raise shares

by Index Investing News
May 24, 2025
0

FILE PHOTO: A banner celebrating Rocket Firms Inc., the mother or father firm of U.S. mortgage lender Quicken Loans, IPO...

Costco (COST) all set to report Q3 2025 earnings. Right here’s what to anticipate

Costco (COST) all set to report Q3 2025 earnings. Right here’s what to anticipate

by Index Investing News
May 23, 2025
0

Costco Wholesale Company (NASDAQ: COST) has delivered a formidable efficiency within the first half of FY25, aided by robust membership...

Goal Company (TGT): A take a look at how the retailer is navigating a troublesome atmosphere

Goal Company (TGT): A take a look at how the retailer is navigating a troublesome atmosphere

by Index Investing News
May 24, 2025
0

Shares of Goal Company (NYSE: TGT) stayed pink on Friday. The inventory has dropped 23% over the previous three months....

The Massive Lovely Bitcoin Breakout

The Massive Lovely Bitcoin Breakout

by Index Investing News
May 23, 2025
0

Bitcoin (BTC) broke $111,000 yesterday, an all-time excessive. Supply: coingecko.com And since everybody is aware of I’m a crypto bull,...

Goolsbee says Fed has to attend longer earlier than transferring charges as a result of commerce coverage uncertainty

Goolsbee says Fed has to attend longer earlier than transferring charges as a result of commerce coverage uncertainty

by Index Investing News
May 24, 2025
0

Chicago Federal Reserve President Austan Goolsbee stated Friday that President Donald Trump's newest tariff threats have difficult coverage and certain...

Next Post
Sean Wang Lives His ‘Fairy Tale’ at Sundance

Sean Wang Lives His ‘Fairy Tale’ at Sundance

Superdry shares soar more than 100% as company considers going private

Superdry shares soar more than 100% as company considers going private

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Oleksandr Usyk vs Daniel Dubois press convention: Dwell stream as fighters communicate forward of undisputed world title battle at Wembley Stadium | Boxing Information

Oleksandr Usyk vs Daniel Dubois press convention: Dwell stream as fighters communicate forward of undisputed world title battle at Wembley Stadium | Boxing Information

April 29, 2025
Pupil protests are pivotal to ending the Gaza genocide

Pupil protests are pivotal to ending the Gaza genocide

February 4, 2025
The time is correct for a reset of India’s commerce ties with China

The time is correct for a reset of India’s commerce ties with China

May 14, 2025
Unlawful migrants jewelry-store heist damns Biden border disaster AND failed NY legal justice ‘reforms’

Unlawful migrants jewelry-store heist damns Biden border disaster AND failed NY legal justice ‘reforms’

November 13, 2024
The Fundamental Error About Worldwide Commerce

The Fundamental Error About Worldwide Commerce

February 22, 2025
US banks have ‘substantial’ liquidity, deposit flows are stable By Reuters

US banks have ‘substantial’ liquidity, deposit flows are stable By Reuters

May 4, 2023
Worldcoin (WLD) Price Shoots 24% Amid OpenAI Saga

Worldcoin (WLD) Price Shoots 24% Amid OpenAI Saga

November 19, 2023
Morgan Housel: Betting on the things that never change

Morgan Housel: Betting on the things that never change

November 24, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In