- Charter Communications (NASDAQ:CHTR) is up 1.3% after growing earnings, and total revenues that were up 7.5% driven by strong gains in Internet revenues, along with solid gains in Video and Commercial.
- EBITDA grew 6.8% to $848M, just short of an expected $853M.
- Revenue by segment: Video, $1.15B (up 3.4%); Internet, $743M (up 16.5%); Voice, $135M (down 7.3%); Commercial, $278M (up 14%); Advertising sales, $79M (down 0.8%); Other, $47M (up 11%).
- Residential customer relationships up 34K. Residential primary service units were up 70K (vs. a year-ago gain of 55K).
- Free cash flow was $158M, up from a year-ago $70M, mainly due to lower capex. Property, plant and equipment expenditures were $432M, down from a year-ago $570M. The company sees 2015 capex of about $1.7B.
- Total principal debt at June 30 was about $13.9B. The company had $30M of cash and equivalents, and $1.1B of additional liquidity from credit facilities.
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Conference call beginning now (10 a.m. ET).
- Press release