Charter: 21Q2 Results (Free on Substack)

Flash Note (CHTR US) (Buy)

Charter Communications reported Q2 2021 results this morning.

Customer net adds continued to be solid in Q2, with Internet net add of +400k (Q1: +355k), Video net loss of -50k (Q1: -138k); Mobile net add was +265k (Q1: +300k):

Strong net adds helped Charter’s Internet revenues grew +15.2% year-on-year; total revenues were up +9.5%, Adjusted EBITDA was up +11.8%, and Free Cash Flow (“FCF”) grew +10.8% to $2.07bn: