CHTR 4Q24 Quick Take: Subscriber trends better than feared; financials in line
After Comcast’s miss yesterday, investors have been braced for disappointing adds at Charter. The loss was better than we expected, though a touch worse than consensus (we suspect buy-side was braced for something closer to our estimate). EBITDA was right inline with our estimate, and ahead of consensus. The Company gave new Capex guidance, which will be a focus on the call. Charter has built up a nice reservoir for repurchases following the Liberty Broadband shareholder vote.Charter Communications is a holding company. Through its subsidiaries, the company is a cable operator and a broadband communications company providing video, Internet and voice services. The company also provides its mobile service to residential customers. In addition, the company sells video and online advertising inventory to local, regional and national advertising customers and communications and managed solutions to enterprise customers. The company also owns and operates regional sports networks and local sports, news and community channels. The company owns and operates a two-way telecommunications network which passes various households and small and medium businesses across United States.
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