0
Broadband

Charter almost doubles profit again in Q4, helped by mobile, ad revenue growth

Friday 29 January 2021 | 18:26 CET | News
US operator Charter Communications reported another strong set of figures for the fourth quarter, with an almost doubled net profit, and a jump in mobile and ad revenues. Revenues for the quarter lifted 7.3 percent year-on-year to USD 12.6 billion, driven by residential revenue growth of 5.0 percent, mobile revenue growth of 80.9 percent and advertising revenue growth of 43.9 percent. The adjusted EBITDA grew 10.2 percent to USD 5.0 billion, while the net profit attributable to shareholders leaped to USD 1.2 billion from 714 million. Capex went to 2.1 billion, including USD 157 million for

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Charter Communications
Countries: United States
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Charter doubles profit in Q4 fuelled by growth at residential internet, mobile

Published 30 Apr 2021 15:07 CET | United States
US operator Charter Communications reported another set of strong results for the first quarter, with higher revenues and doubled ...

Charter prices USD 1 billion offering

Published 20 Apr 2021 09:29 CET | United States
Charter Communications has priced an offering of USD 1 billion worth of senior unsecured notes due 2033. The notes will bear ...

Charter says most employees earn at least USD 18/hour, on way to USD 20/hour goal

Published 10 Mar 2021 11:11 CET | United States
Charter Communications said it has reached a new milestone in its commitment to raising its minimum starting wage to USD 20 per ...

Charter president, COO Bickham to retire at end of 2022

Published 04 Feb 2021 10:52 CET | United States
Charter Communications announced that 35-year industry veteran and president and COO John Bickham plans to retire at the end of ...

Spectrum Enterprise launches managed network platform with Meraki

Published 04 Feb 2021 10:13 CET | United States
Spectrum Enterprise, a part of Charter Communications, said it launched Managed Network Edge (MNE), a managed network platform ...

Amdocs wins contracts from Charter, T-Mobile US

Published 03 Feb 2021 15:16 CET | United States
Amdocs has announced that it has entered deals with Charter and T-Mobile US. As part of a multi-year deal with Charter ...

Charter withdraws petition to FCC to end ban on data caps

Published 20 Jan 2021 10:56 CET | United States
US cable operator Charter Communications has withdrawn its request to the FCC to end the conditions imposed on the company in ...

NBCUniversal inks distribution deal with Charter, including free trial for Peacock Premium

Published 08 Jan 2021 09:36 CET | United States
Comcast's NBCUniversal has signed a multi-year distribution agreement to show its full portfolio of broadcast, entertainment, ...

US appeals court keeps FCC ruling about Charter price caps in Massachusetts

Published 21 Dec 2020 13:33 CET | United States
A US appeals court has confirmed a ruling pronounced by the FCC in October 2019 about Charter Communications price caps in ...

Spectrum doubles internet starting speed to 200 Mbps in 17 markets

Published 18 Dec 2020 11:55 CET | United States
US cable operator Charter said it doubled the starting download speed of its Spectrum Internet services from 100 to 200 Mbps, ...

Charter prices USD 3.0 billion worth of notes

Published 20 Nov 2020 13:33 CET | United States
US operator Charter Communications has priced USD 3.0 billion worth of notes, including USD 1.0 billion worth of senior secured ...