Charter Communications Q2 Sees Subscriber Loss On ACC Expiry, Still Beats Expectations
Charter Communications Q2 Sees Subscriber Loss On ACC Expiry, Still Beats Expectations
Charter lost 154,000 residential Internet customers, largely driven by the end of the FCC's Affordable Connectivity Program ("ACP") subsidies, compared to 70,000 additions last year. Residential video customers decreased by 393,000 versus a decrease of 189,000 in the prior year.Charter Communications Inc (NASDAQ:CHTR) reported fiscal second-quarter 2024 revenue growth of 0.2% year-on-year to $13.69 billion, beating the analyst consensus estimate of $13.59 billion.
特许通讯公司 (纳斯达克: CHTR) 报告2024财年第二季度营业收入为136.9亿美元，同比增长0.2%，超出了分析师的共识估计135.9亿美元。
EPS of $8.49 beat the analyst consensus estimate of $7.95. The stock price gained after the results.
每股收益为8.49美元，超出了分析师预期的7.95美元。公布财报后股价上涨。
Revenue growth of 1.3% in Internet, 36.9% in Mobile service, and 2.1% in Commercial aided the top line.
互联网服务营收增长1.3%，移动服务营收增长36.9%，商业服务营收增长2.1%，促进了总营收的增长。
Charter lost 154,000 residential Internet customers, largely driven by the end of the FCC's Affordable Connectivity Program ("ACP") subsidies, compared to 70,000 additions last year. Residential video customers decreased by 393,000 versus a decrease of 189,000 in the prior year.
由于美国联邦通信委员会（FCC）结束了“可负担互联网计划”（“ACP”）的资助，特许通讯公司失去了154,000位住宅互联网客户，而去年同期仅增加了70,000位。住宅有线电视客户下降了393,000位，而去年同期下降了189,000位。
Adjusted EBITDA margin expanded by 100 bps to 41.4%.
调整后的息税折旧及摊销前利润（EBITDA）利润率扩大了100个基点，达到41.4%。
The quarterly free cash flow of $1.3 billion improved from $668 million in the prior year, primarily due to higher net cash flows from operating activities.
本季度自由现金流为13亿美元，较去年同期的66800万美元有所改善，主要是由于经营活动带来的净现金流量增加。
As of June 30, 2024, Charter served 30.4 million residential and SMB Internet customers.
截至2024年6月30日，特许通讯公司为3040万住宅和中小企业互联网客户提供服务。
Net cash flow from operating activities totaled $3.9 billion. The company held $602 million in cash and equivalents as of June 30, 2024.
经营活动产生的净现金流为39亿美元。截至2024年6月30日，公司持有60200万美元的现金和等价物。
Outlook: Charter Communications expects a 2024 capex of $12.0 billion (prior $12.2 billion – $12.4 billion).
展望前景：特许通讯公司预计2024年资本支出为120亿美元（原先为122亿-124亿美元）。
The company's 2024 revenue and EPS consensus are $54.52 billion and $32.53.
该公司2024年营业收入和每股收益的共识分别为545.2亿美元和32.53美元。
Charter Communication stock has lost over 20% in the last 12 months. Earlier in July, Citigroup downgraded the stock rating, citing a challenging organic broadband environment. The analyst expected the second-quarter and third-quarter results to highlight the headwinds on broadband pricing and volumes.
特许通讯股票在过去12个月中下跌超过20%。7月初，花旗集团下调了特许通讯的股票评级，称挑战性的有机宽带市场环境。分析师预计第二季度和第三季度的业绩将凸显宽带定价和规模的不利因素。
CHTR Price Action: Charter Communications shares traded higher by 7.54% at $339.01 premarket at the last check on Friday.
截至最后一次检查，特许通讯股票交易价格涨了7.54%，达到339.01美元。
Photo via Shutterstock
图片来自shutterstock。
