Charter Communications Reports Q2 FY2023 Earnings with Revenue of USD 13.7 Billion and Net Income of USD 1.2 Billion
August 8, 2023
🌥️Earnings Overview
On July 28 2023, CHARTER COMMUNICATIONS ($NASDAQ:CHTR) reported its earnings results for the second quarter of FY2023, showing total revenue of USD 13.7 billion and a 0.4% year-over-year increase, as well as net income of USD 1.2 billion and a 17.0% year-over-year decrease as of June 30 2023.
Price History
The company’s stock opened at $400.0 and eventually closed at $396.8, representing a 1.0% decrease from the prior closing price of $401.0. Overall, Charter Communications reported positive results for the second quarter fiscal year 2023 with notable growth in its customer base and steady revenue growth. The successful execution of its financial restructuring plan and the share repurchase program have further solidified Charter’s strong position in the market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Charter Communications. More…
| Total Revenues | Net Income | Net Margin |
| 54.54k | 4.62k | 9.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Charter Communications. More…
| Operations | Investing | Financing |
| 14.18k | -10.62k | -3.56k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Charter Communications. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 145.62k | 131.59k | 69.89 |
Key Ratios Snapshot
Some of the financial key ratios for Charter Communications are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.3% | 19.0% | 21.8% |
| FCF Margin | ROE | ROA |
| 7.3% | 74.8% | 5.1% |
Analysis
At GoodWhale, we conducted an analysis of CHARTER COMMUNICATIONS’ fundamentals. Following our risk rating, we found that CHARTER COMMUNICATIONS is a medium risk investment in terms of both financial and business aspects. During our analysis, we detected two risk warnings in the income sheet and balance sheet. If you’d like to find out more about these warnings, register on our website goodwhale.com now. We’ll provide you with an in-depth look at CHARTER COMMUNICATIONS’ fundamentals and a full-fledged risk rating. More…
Peers
Charter Communications Inc is one of the leading providers of cable television, high-speed Internet, and telephone services in the United States. The company offers a wide range of services to residential and business customers. Charter Communications Inc is a publicly traded company on the NASDAQ stock exchange. The company’s competitors include Comcast Corp, Shenzhen Topway Video Communication Co Ltd, Megacable Holdings SAB de CV.
– Comcast Corp ($NASDAQ:CMCSA)
Comcast Corporation is an American telecommunications conglomerate that is the largest broadcasting and cable television company in the world by revenue. It is the second-largest pay-TV company after AT&T, largest cable TV company and largest home Internet service provider in the United States, and the nation’s third-largest home telephone service provider. Comcast services U.S. residential and commercial customers in 40 states and in the District of Columbia. The company’s headquarters are located in Philadelphia, Pennsylvania. As of 2017, Comcast is ranked #7 on the Fortune 500 rankings of the largest United States corporations by total revenue.
Comcast has a market cap of 134.12B as of 2022 and a Return on Equity of 17.95%.
– Shenzhen Topway Video Communication Co Ltd ($SZSE:002238)
The company’s market capitalization is 4.51 billion as of 2022, and its return on equity is 3.44%. The company is engaged in the research and development, production and sales of video communication products. The company’s products are mainly used in video conference systems, video surveillance systems and multimedia terminals.
– Megacable Holdings SAB de CV ($OTCPK:MHSDF)
Megacable Holdings SAB de CV is one of the leading providers of cable television, broadband Internet, and telephone services in Mexico. It has a market capitalization of 1.97 billion as of 2022 and a return on equity of 11.33%. The company offers a wide range of services to its customers, including digital television, high-speed Internet, and VoIP telephone service. Megacable Holdings is headquartered in Guadalajara, Mexico.
Summary
CHARTER COMMUNICATIONS reported second quarter earnings of FY2023 on July 28 2023, with total revenue of USD 13.7 billion and net income of USD 1.2 billion as of June 30 2023. Year-over-year, revenue has seen a slight 0.4% increase while net income has decreased by 17.0%. This could be interpreted as a sign of caution for investors, as lower profits may mean that the company is losing money or not growing as quickly as expected.
Nevertheless, Charter Communications remains to be a strong player in the industry and its current results should not be a cause for alarm. Investors should still keep an eye on future performance and analyze the company’s potential growth before making any decisions.
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