Stock Monitor: Discovery Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 23, 2018 / If you want access to our free earnings report on Charter Communications, Inc. (NASDAQ: CHTR), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CHTR. The Company posted its financial results on April 27, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The Company reported a growth of 4.9% y-o-y, topping market forecasts. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Discovery, Inc. (NASDAQ: DISCK), which also belongs to the Services sector as the Company Charter Communications. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Charter Communications most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=CHTR

Earnings Highlights and Summary

For Q1 FY18, Charter Communications reported total revenues of $10.66 billion compared to $10.16 billion in Q1 FY17, beating market consensus estimates of $10.63 billion. The Company's quarterly revenue growth was primarily driven by a residential revenue growth of 4.8% y-o-y; a commercial revenue growth of 5.3% y-o-y; and an advertising revenue growth of 5.6% y-o-y.

The cable Company's net income attributable to common shareholders increased to $168 million, or $0.70 per diluted share, in Q1 FY18 from $155 million, or $0.57 per diluted share, in Q1 FY17. Meanwhile, Wall Street had expected the Company to report a net income of $0.44 per diluted share.

Operational Metrics

For the reported quarter, the Stamford, Connecticut-based Company's total operating costs and expenses were $6.76 billion versus $6.51 billion in the prior year's comparable quarter. The Company's income from operations came in at $1.04 billion in Q1 FY18 compared to $941 million in Q1 FY17. The Company reported adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) of $3.89 billion in Q1 FY18, up 6.5% from $3.65 billion in Q1 FY17. Additionally, the Company's adjusted EBITDA margin improved to 36.5% in Q1 FY18 from 35.9% in Q1 FY17.

Segment Results

Residential - Charter Communications' Residential segment reported a revenue growth of 4.8% to $8.56 billion y-o-y in Q1 FY18 from $8.17 billion in Q1 FY17. The segment's video revenues were up by 5.3% to $4.30 billion y-o-y, while internet revenues grew 9.1% to $3.71 billion in Q1 FY18. However, the segment's voice revenues declined 19.8% to $556 million in Q1 FY18 from $694 million in Q1 FY17.

Commercial ? During Q1 FY18, Charter Communications' Commercial segment's revenues rose 5.3% to $1.52 billion y-o-y. The segment's small and medium business revenues grew 4.1% to $937 million in Q1 FY18. Additionally, the segment's enterprise revenues came in at $579 million in the reported quarter compared to $539 million in Q1 FY17.

Advertising Sales - Charter Communications' Advertising Sales segment's revenues increased 5.6% to $356 million during Q1 FY18 from $337 million in Q1 FY17.

The Company's other revenues were up by 3.2% to $224 million y-o-y in Q1 FY18.

Cash Flow and Balance Sheet

During Q1 FY18, Charter Communications' net cash flows from operating activities totaled $2.70 billion compared to $2.84 billion in Q1 FY17. Meanwhile, the Company reported a negative free cash flow of $49 million in Q1 FY18 versus a positive free cash flow of $1.14 billion in the same period of last year.

At the close of books on March 31, 2018, Charter Communications had cash and cash equivalents of $576 million compared to $621 million at the close of books on December 31, 2017. The Company's long-term debt increased to $67.61 billion as on March 31, 2018, from $68.19 billion as on December 31, 2017.

Share Repurchase

During Q1 FY18, the Company repurchased 2.0 million shares of Charter Class A common stock and Charter Holdings common units for approximately $683 million.

Stock Performance Snapshot

May 22, 2018 - At Tuesday's closing bell, Charter Communications' stock marginally climbed 0.42%, ending the trading session at $267.66.

Volume traded for the day: 1.31 million shares.

After yesterday's close, Charter Communications' market cap was at $63.18 billion.

Price to Earnings (P/E) ratio was at 86.40.

The stock is part of the Services sector, categorized under the CATV Systems industry.

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