The company said revenue for Q2 2024 rose 0.2% year over year to $13.7 billion, and Adjusted EBITDA increased 2.6% to $5.7 billion. It said net income attributable to Charter shareholders was $1.2 billion.

1. 01

   The company said revenue for Q2 2024 rose 0.2% year over year to $13.7 billion, and Adjusted EBITDA increased 2.6% to $5.7 billion. It said net income attributable to Charter shareholders was $1.2 billion.

2. 02

   The company said residential and SMB Internet customers decreased by 149,000 in Q2, to 30.4 million, and mobile lines increased by 557,000, to 8.8 million. It cited the end of the FCC's Affordable Connectivity Program subsidies as the factor behind the decline in residential Internet customers.

3. 03

   Charter said net cash flows from operating activities totaled $3.9 billion in Q2, compared with $3.3 billion a year earlier. It said free cash flow was $1.3 billion, up from $668 million in the prior year. The company also said capital expenditures totaled $2.9 billion.

4. 04

   The company said it expects full-year 2024 capital expenditures of approximately $12.0 billion, down from its previous range of $12.2 billion to $12.4 billion. It cited lower Internet and video customer net additions, including the impact of the end of the ACP, as the reasons for the decrease.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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