Charter exceeded Wall Street estimates in the second quarter, reporting earnings of $5.29 a share and revenue of $12.8 billion.
Analysts’ consensus expectation was for earnings of $4.79 and revenue of $12.6 billion.
Broadband gains were more modest than the boom times of 2020, when high-speed connections became crucial during the onset of the coronavirus pandemic. Still, residential internet customer levels increased by 365,000 in the quarter. The company, which is the No. 2 U.S. cable operator, shed 63,000 video households.
During a conference call with analysts, executives described an evolving pay-tv environment. Operators who traditionally had focused on carrying networks and often fought with programmers over fee increases have instead prioritized broadband service and, in the case of Charter and some others, wireless.
CEO Tom Rutledge was asked whether a recent distribution deal with ViacomCBS was perhaps a new model given the marked decrease in carriage drama of late. He described it as “a modern agreement...
Analysts’ consensus expectation was for earnings of $4.79 and revenue of $12.6 billion.
Broadband gains were more modest than the boom times of 2020, when high-speed connections became crucial during the onset of the coronavirus pandemic. Still, residential internet customer levels increased by 365,000 in the quarter. The company, which is the No. 2 U.S. cable operator, shed 63,000 video households.
During a conference call with analysts, executives described an evolving pay-tv environment. Operators who traditionally had focused on carrying networks and often fought with programmers over fee increases have instead prioritized broadband service and, in the case of Charter and some others, wireless.
CEO Tom Rutledge was asked whether a recent distribution deal with ViacomCBS was perhaps a new model given the marked decrease in carriage drama of late. He described it as “a modern agreement...
- 7/30/2021
- by Dade Hayes
- Deadline Film + TV
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