Charter Communications’ strategic priorities
During the Bank of America Merrill Lynch Media, Communications & Entertainment Conference held on September 6, Christopher L. Winfrey, Charter’s CFO, discussed the company’s top priorities moving forward. Winfrey stated that the company is looking forward to completing the all-digital projects in the remaining Bright House and Time Warner Cable markets that are not yet all-digital.
Winfrey noted, “The biggest one perhaps is mobile, and we’ve just launched that this week. We think it’s going to go very well. So that’s our focus right now.” Charter Communications (CHTR) expects to aggressively deploy 1 Gbps (gigabits per second) speeds via DOCSIS 3.1 technology across its footprint by the end of 2018.
Charter Communications’ (CHTR) second-quarter revenues increased ~4.8% YoY (year-over-year) to $10.9 billion and beat Wall Street’s estimate of $10.8 billion. Its EPS of $1.15 beat the Wall Street forecast of $1.00 and registered ~121.2% growth YoY.
In comparison, Comcast’s (CMCSA) revenues rose ~2.1% YoY to $21.7 billion in the second quarter. Frontier Communications’ (FTR) revenues fell ~6.2% YoY to $2.2 billion. AT&T’s (T) total revenues declined ~2.1% YoY to reach $39.0 billion, and Dish Network’s (DISH) revenues fell ~4.9% YoY to reach $3.5 billion.