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Charter: Q1 2021 Results Quick Read (Free on Substack)

Charter: Q1 2021 Results Quick Read (Free on Substack)

Flash Note (CHTR US) (Buy)

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Librarian Capital
Apr 30, 2021
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Charter: Q1 2021 Results Quick Read (Free on Substack)
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Charter has just released its Q1 2021 results before U.S. markets open this morning.

Internet net adds were 355k for the quarter, a solid number following already strong growth in the preceding quarters as a result of COVID-19 lockdowns; Internet net adds were 246k in Q4 2020 and 582k in Q1 2020:

Internet revenues grew 15.4% year-on-year, more than offsetting declines in Video and Voice revenues, which meant total Residential revenues grew 5.8%. In other revenue lines, Commercial grew 2.0%, Advertising grew 5.8% and Mobile grew 91% year-on-year. Total revenues was up 6.7% year-on-year:

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