Charter (CHTR) Q4 Earnings & Revenues Up Y/Y On User Growth
Zacks Investment Research | Feb 02, 2020 10:26PM ET
Charter Communications (NASDAQ:CHTR) reported fourth-quarter 2019 earnings of $3.28 per share that jumped 154.3% year over year.
Revenues of $11.45 billion increased 4.7% on a year-over-year basis, owing to growth in Internet, mobile, SMB and video revenues.
The Zacks Consensus Estimate for earnings and revenues was pegged at $2.50 per share and $11.76 billion, respectively.
Segment Details
Residential revenues (78.8% of total revenues) came in at $9.27 billion, up 5.7% from the year-ago quarter.
Monthly Residential revenue per Residential Customer (excluding mobile) totaled $113.79, up 1.8% year over year, driven by promotional rate step-ups, rate adjustments and a lower rate of customers migrating to Spectrum pricing and packaging.
However, a higher percentage of non-video customers, an increasing mix of streaming and lighter video packages for the company’s video customer base, and lower pay-per-view and video on demand revenues hurt the top line.
Charter Communications, Inc. Price, Consensus and EPS Surprise
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