CLAIM #14071 · Charter Communications Inc (CHTR) · 2023Q2 earnings call · Jul 28, 2023 · due Dec 31, 2024
“Longer-term, we also expect to see continuing benefits in operating expenses from further digitization, network improvements, and benefits of programs like proactive maintenance.”
Jessica Fischer · CFO
In context
“Charter Holdings common units, totaling about $400 million at an average price of $341 per share. While our goal is to grow the business in the long-term, our focus on execution is driving operating leverage in the business even now. When you take the noise from political ads - when you take out the noise from political advertising, EBITDA grew by 1.3% year-over-year in the quarter, which means that we were more efficient despite significant mobile growth and a onetime step-up in labor investments. And we believe our financials will improve as we move later into the year with additional revenue growth in Internet and mobile that will begin showing in Q4 and lower service cost per customer as we realize the 10-year benefits of our investment in employees and lap last year's labor step up. Longer-term, we also expect to see continuing benefits in operating expenses from further digitization, network improvements, and benefits of programs like proactive maintenance. We're well poised for the future. Operator, we're now ready for Q&A. Operator: [Operator Instructions] We'll take our first question from Ben Swinburne with Morgan Stanley. Your line is open. Ben Swinburne: Thanks. Good morning. I guess two questions. Maybe first, I think you guys will start to lap Spectrum One later this year, and it will probably be one of the first indications for all of us externally to sort of see the promotional roll-off activity and sort of the impact on churn, if any. I don't know if you could just maybe talk about what we should be expecting or how you guys are approaching that or what your expectations are as you go through that sort of first wave of promotional roll off. And then, I know we don't typically talk about video on these calls, but you guys have a lo”
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SEC filings for CHTR ↗ · Claim quote is verbatim from the 2023Q2 earnings call.