Charter Communications, Inc. (CHTR) - NASDAQ
  • Thu, Apr. 28, 1:26 PM
    • In the Q1 earnings call for Charter Communications (NASDAQ:CHTR), CEO Tom Rutledge said the new company (after acquiring Time Warner Cable and Bright House Networks in deals valued by the government at $78B and $10.4B respectively) will drop the Communications and simply be "Charter."
    • With federal approvals coming along, Rutledge now hopes to close within a few days of a May 12 vote at the California Public Utilities Commission, where an administrative law judge has recommended approval of the deal with conditions.
    • Full integration will take somewhat longer, though -- likely until the end of 2018. Changing pricing and packaging of the new customers will follow a transition to two-way digital cable across its new footprint, comprising 36M passings.
    • Shares in Charter are up 2.8% today despite an earnings miss driven by heavier financing costs tied to the company's deals. TWC is up 1.5% after its Q1 beat.
    • Now read Cable Cowboy Ropes Deal »
    | Thu, Apr. 28, 1:26 PM
  • Thu, Apr. 28, 12:55 PM
    • Time Warner Cable (NYSE:TWC), closing in on its acquisition by Charter Communications, is up 1.6% after its own Q1 beat expectations.
    • Charter, which is paying about $57B for TWC, is also up today despite a wider loss in its results.
    • Revenues grew 7.2% and EPS was up 9.7% and beat consensus at $1.81.
    • Revenue by segment: Video, $2.51B (up 1.6%); High-speed data, $1.9B (up 11.9%); voice, $504M (up 6.6%); other, $25M (up 4.2%).
    • The company added a net 236,000 customer relationships: 21,000 net adds in video, along with 314,000 high-speed data net adds, and 178,000 voice net adds.
    • Free cash flow was down 15% to $346M.
    • Press Release
    | Thu, Apr. 28, 12:55 PM
  • Thu, Apr. 28, 12:27 PM
    • Charter Communications (NASDAQ:CHTR), closing in on an acquisition of Time Warner Cable, is up 2.4% despite a Q1 miss driven by some big financing expenses tied to its deal for TWC and for Bright House Networks.
    • The company swung to a wider loss of $188M (vs. a year-ago loss of $81M) as interest expenses were up $165M.
    • In keeping with peers this quarter, Charter added a net 10,000 video connections, along with a net 141,000 Internet adds and 35,000 voice adds. Single-play connections were up 5% to 2.51M; double-play up 4% to 1.8M and triple-play up 6% to 2.1M.
    • Charter's customer footprint expanded about 1% across the board, with video passings rising to 12.85M, Internet passings to 12.59M and voice passings to 12.14M. Residential customer relationships rose 5% to 6.4M; small/medium business up 18% to 405,000.
    • Revenue by segment: Video, $1.17B (up 3.7%); Internet, $804M (up 12.1%); Voice, $135M (up 0.5%); SMB, $202M (up 11.3%); Enterprise, $99M (up 13.4%); Ad sales, $72M (up 8.8%); other, $48M (up 2.7%).
    • Cash flows from operations were $424M vs. a year-ago $528M, again due to higher cash interest payments. Free cash flow was -$61M vs. the year-ago $101M.
    • Conference call link
    • Press Release
    | Thu, Apr. 28, 12:27 PM
  • Thu, Apr. 28, 8:09 AM
    • Charter Communications (NASDAQ:CHTR): Q1 EPS of -$1.68
    • Revenue of $2.53B (+7.2% Y/Y)
    • Press Release
    | Thu, Apr. 28, 8:09 AM
  • Thu, Apr. 28, 6:03 AM
    • Time Warner Cable (NYSE:TWC): Q1 EPS of $1.81 beats by $0.07.
    • Revenue of $6.19B (+7.1% Y/Y) beats by $50M.
    • Press Release
    | Thu, Apr. 28, 6:03 AM
  • Wed, Apr. 27, 5:30 PM
  • Thu, Feb. 4, 2:48 PM
    • Charter Communications (NASDAQ:CHTR) is off 3.3% today after a largely in-line Q4 report where sales gained on video subscriber increases, but costs related to the company's planned merger with Time Warner Cable (NYSE:TWC) drove a wider net loss.
    • Loss increased to $122M from a year-ago $48M. Residential revenue grew 7.2% in the quarter, while commercial revenue was up 12.3%.
    • Adjusted EBITDA was up 7.5%; excluding transition costs for pending transactions, it was up 8.4%.
    • It was the first full year in more than a decade where the company added residential and business subscribers. Residential relationships were up 5% to 6.28M; small/medium business relationships grew 17% to 390,000.
    • Monthly residential revenue per customer was $111.19 (up 2%). Free cash flow for 2015 was $547M, vs. the prior year's $171M.
    | Thu, Feb. 4, 2:48 PM
  • Thu, Feb. 4, 8:11 AM
    • Charter Communications (NASDAQ:CHTR): Q4 EPS of -$1.09
    • Revenue of $2.51B (+6.4% Y/Y)
    | Thu, Feb. 4, 8:11 AM
  • Wed, Feb. 3, 5:30 PM
  • Thu, Jan. 28, 9:32 AM
    • Time Warner Cable (NYSE:TWC) is up 0.7% out of the open as it beat expectations on top and bottom lines for Q4 and added video subscribers in a cord-cutting age, though profits declined as costs increased.
    • EPS fell to $1.80 from $2.03 and adjusted OIBDA slipped 0.4% to $2.13B. High-speed data gains drove results; on residential service, both in added subscribers and in revenue per subscriber, as price and equipment charges rose.
    • Revenue by segment, Residential: Video, $2.47B (up 0.3%); High-speed data, $1.8B (up 10.6%); Voice, $497M (up 5.7%); other, $24M (up 4.3%). By segment in Business Services: Video, $99M (up 6.5%); High-speed data, $430M (up 19.1%); Voice, $157M (up 13.8%); Wholesale transport, $128M (up 14.3%); other, $50M (down 2%).
    • It was the company's first full year of net video subscriber adds since 2006. TWC added 200,000 net residential subscribers (net 54,000 video, 281,000 high-speed data) and 18,000 business subscribers.
    • In its residential bundles: net adds of 205,000 triple play and 43,000 single play, but net decline of 48,000 double play.
    | Thu, Jan. 28, 9:32 AM
  • Thu, Jan. 28, 6:22 AM
    • Time Warner Cable (NYSE:TWC): Q4 EPS of $1.80 beats by $0.02.
    • Revenue of $6.07B (+4.8% Y/Y) beats by $20M.
    | Thu, Jan. 28, 6:22 AM
  • Wed, Jan. 27, 5:30 PM
    | Wed, Jan. 27, 5:30 PM | 18 Comments
  • Oct. 29, 2015, 9:38 PM
    • In Charter's (NASDAQ:CHTR) earnings call today, CEO Tom Rutledge weighed in on bundles, package pricing and wireless ambitions, and had a word or two about millennials' password-sharing and its effect on the bottom line.
    • With regard to the traditional bundle: An economically pressured population that's "poor, essentially" is affecting what people are willing to pay for cable, Rutledge says. But he downplayed the distinctions around whether Charter would offer streaming service, noting 1.4M customers have downloaded its apps: "We continue to expand the platforms that the app system is available [on], but it's cable television."
    • On usage-based pricing: "We don't do it. We don't do it because we want to sell more services, and that's our business model."
    • Charter's gotten approval from most states for the Bright House/Time Warner Cable (NYSE:TWC) deal, as well as shareholders, and Rutledge says it's gotten nearly all the acquisition financing, so attention turns to the FCC. The agency will close its comment cycle for the deal in mid-November, and Rutledge says "realistically" they're looking at a Q1 closing.
    • As for whether Charter will take place in the spring's wireless spectrum auction: "We're studying the auction. We're interested in it. And I talked extensively in the past about the opportunities in being a mobile business, and there are a variety of ways to go into it." Rutledge said Charter wasn't teaming with Comcast on the auction -- "at the moment."
    • Rutledge dinged networks that manage streaming and authenticated "TV Everywhere" services -- ineffectively, in his view, by mismanaging password sharing: "They haven't been in that business before, and they haven't really thought through what they're doing. ... And they've created a problem where they devalued their own product by their inability to secure it." That's going on in the "college market," he said, and reducing demand for video.
    • Previously: Charter up 1.6% on Q3 beat, subscriber growth (Oct. 29 2015)
    • Previously: Charter Communications reports Q3 results (Oct. 29 2015)
    | Oct. 29, 2015, 9:38 PM
  • Oct. 29, 2015, 10:54 AM
    • Charter Communications (NASDAQ:CHTR) is up 1.6% after posting a Q3 report where it easily beat expected earnings and grew subscribers, including video subscribers.
    • Revenues were up 7.2%, based on 7.3% growth in residential revenues and 13.2% growth in commercial revenues. Adjusted EBITDA of $850M was up 8.5% and beat an expected $847M.
    • Residential customer relationships were up by a net 97K (to 6.05M), vs. a year-ago +68K. Bucking an industry trend, residential video customers increased by 12K. Residential non-video customers were up 20% Y/Y to 1.93M. At quarter's end, 88% of residential Internet customers subscribed to tiers offering 60 Mbps download or better.
    • Residential revenue per customer relationship was $113.39 (up 2.3%).
    • Capex was $509M; free cash flow of $208M vs. a year-ago negative free cash flow of $62M.
    • Charter's merger mate, Time Warner Cable, is up 1.4% after posting its own Q3 beat.
    | Oct. 29, 2015, 10:54 AM | 1 Comment
  • Oct. 29, 2015, 10:17 AM
    • Time Warner Cable (NYSE:TWC) is trading up 2% after a Q3 report where it posted record subscriber gains and beat bottom-line expectations solidly.
    • Revenues grew 3.6% though operating income and EPS dipped about 13% as the company posted higher depreciation expense from its TWC Maxx initiative.
    • Revenue breakout: In residential ($4.735B), Video revenues of $2.453B (down 1.8%); High-speed data, $1.772B (up 9.4%); Voice, $483M (up 1.5%). In business services ($836M), Video revenues of $97M (up 4.3%); High-speed data, $412M (up 20.1%); Voice, $153M (up 15.9%); Wholesale transport, $122M (up 16.2%).
    • In residential results, video subscribers declined again, but at -7,000 subscribers it was the company's best Q3 in that area since 2006. Overall, residential customer relationships were up a net 147K. Residential high-speed data net adds of 232K; residential voice net adds of 237K; residential triple-play net adds of 218K.
    | Oct. 29, 2015, 10:17 AM
Company Description
Charter Communications, Inc. provides broadband communications services. Its services includes Spectrum TV™ video entertainment programming, Spectrum Internet™ access, and Spectrum Voice™. It's advertising sales and production services are sold under the Spectrum Reach™ brand. The... More
Sector: Services
Industry: CATV Systems
Country: United States