CLAIM #13988 · Charter Communications Inc (CHTR) · 2022Q3 earnings call · Oct 28, 2022 · due Oct 28, 2023
“Peter, to the first part of your question, I'd say yes we expect to be able to pull the broadband growth through.”
Tom Rutledge · CEO
In context
“Two questions. One, mobile. Historically, Charter and Comcast have said that mobile is primarily added by existing customers. And I'm wondering if it's fair to assume that Spectrum One represents an intent to invest what you've called the high mobile contribution margin on the incremental sub in customer acquisitions and converged customers, and whether that is the solution for this broadband problem. And separately, I just wondered if you could comment on sequential growth. It looks to me like broadband, commercial and mobile adjusted for a view of the EBB losses grew less than $50 million sequentially. And I'm trying to square this with your leverage. I'm sure it's not your view that that is the future. And so any comments on sequential growth would be helpful. Thank you. Tom Rutledge: Peter, to the first part of your question, I'd say yes we expect to be able to pull the broadband growth through. It's a complicated sale, obviously, but yes. Chris Winfrey: You mentioned Spectrum One solution to the broadband growth issue we have right now. And I think it could be additive, but it's not the solution. The problem right now is market activity. And I know that's not the fashionable thing to say right now. But the biggest problem we face is market activity. And when that comes back, I think that's the solution to the broadband growth. And the Spectrum One has the opportunity, as Tom said, to drive incremental Internet growth. As well as still today, the biggest source of mobile growth is by far the upgrades to our existing Internet base, which should benefit that base as well. Jessica Fischer: On sequential growth, I guess, I would point out a couple of things. One, I highlighted in the”
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SEC filings for CHTR ↗ · Claim quote is verbatim from the 2022Q3 earnings call.