CLAIM #14053 · Charter Communications Inc (CHTR) · 2023Q2 earnings call · Jul 28, 2023 · due Dec 31, 2026
“we expect mobile penetration to meaningfully grow over the next several years”
Chris Winfrey · CEO
How to check this claim
Look at: Percentage of Internet customers with Spectrum Mobile service (mobile penetration rate)
It came true if: Mobile penetration rate > 11% (the reported Q2 2023 level), reflecting meaningful growth over the period
Where: Company-disclosed mobile penetration metric (quarterly earnings call / investor presentation, CHTR)
In context
“d by Charter, may not be comparable to measures with similar titles used by other companies. Please also note that, all growth rates noted on this call and in the presentation are calculated on a year-over-year basis unless otherwise specified. On today’s call, we have Chris Winfrey, our President and CEO; Tom Rutledge, our Executive Chairman; and Jessica Fischer, our CFO. With that, let’s turn the call over to Chris. Chris Winfrey: Thanks, Stefan. During the second quarter, we added 77,000 Internet customers, and we continue to benefit from our Spectrum One offering and our network expansion initiatives. We also added 648,000 spectrum mobile lines. At the end of the second quarter, we had over 6.6 million total mobile lines. Over 11% of our Internet customers now have mobile service, and we expect mobile penetration to meaningfully grow over the next several years. Spectrum Mobile is the nation's fastest mobile service. We see mobile lines as an extension of our WiFi and seamless connectivity service, and we expect our increasing convergence capabilities will contribute to further Internet growth. We're pleased with the progress of our growth initiatives and our performance in the second quarter, and we maintained EBITDA despite the significant employee investments we made through 2022, which will start generating growth benefits later this year. We remain focused on our three key strategic initiatives: evolution, expansion and execution, each of which is designed to help us grow our business and each of which remains very much on plan. Our network evolution plan is progressing well and offers us significant benefits. First, it will allow us to mai”
Verify independently
SEC filings for CHTR ↗ · Claim quote is verbatim from the 2023Q2 earnings call.