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CLAIM #14125 · Charter Communications Inc (CHTR) · 2023Q4 earnings call · Feb 2, 2024 · due Feb 2, 2027

And we expect mobile penetration to meaningfully grow over the next several years, as the quality and value of our converged connectivity services gains wider recognition.

Chris Winfrey · CEO

PENDING
graded after results covering Feb 2, 2027 are reported

How to check this claim

Look at: Mobile penetration rate, defined as mobile lines as a percentage of Internet customers

It came true if: Mobile penetration percentage higher than 13% (the disclosed 2023 year-end level)

Where: Company-disclosed mobile lines and Internet customer counts (10-K / quarterly earnings release)

In context

's call concerning expectations, predictions, plans and prospects, constitute forward-looking statements, which are subject to risks and uncertainties that may cause actual results to differ from historical or anticipated results. Any forward-looking statements reflect management's current view only and Charter undertakes no obligation to revise or update such statements. On today's call, we have Chris Winfrey, our President and CEO; and Jessica Fischer, our CFO. With that, let's turn the call over to Chris. Chris Winfrey: Thanks, Stefan. In 2023, we added 155,000 Internet customers, and we added nearly 2.5 million Spectrum Mobile lines for growth of nearly 50%. At the end of 2023, we had more than 7.7 million total mobile lines. Only 13% of our Internet customers now have mobile service. And we expect mobile penetration to meaningfully grow over the next several years, as the quality and value of our converged connectivity services gains wider recognition. Revenue was up by 1% in 2023, while EBITDA grew by 1.3% and 2.5% when excluding advertising. While we are executing well on our long-term strategic initiatives and Spectrum One is working to drive mobile growth, Internet growth in our existing footprint has been challenging, driven by admittedly more persistent competition from fixed wireless and similar levels of wireline overbuild activity. Small changes in gross additions and churn in a low transaction environment have driven outsized impacts to net gains, which was clearly the case as we moved through the last quarter. I own that. So, let me start with what we believe on the competitive environment and then what we're doing to drive long-term growth by delivering high-quality products and service at a great price. Fixed wireless acces

Verify independently

SEC filings for CHTR · Claim quote is verbatim from the 2023Q4 earnings call.