CLAIM #14186 · Charter Communications Inc (CHTR) · 2024Q1 earnings call · Apr 26, 2024 · due Dec 31, 2024
“So Ben, on the line item expense guidance that we gave earlier in the year, I don't have an update to any of those specific items. But what I would tell you is that, because of some of the work that we're doing around expenses across the business, I think it's possible that we come in lower than what we guided to, to begin with.”
Jessica Fischer · CFO
In context
“anted to check on that. And then secondly, for either of you or both of you, just on broadband competition. Could you spend a minute just talking about sort of how you see your product competing right now with fixed wireless, which is sort of everywhere or in a lot of markets, and then the wireline overbuild piece? Because fixed wireless net adds at the industry level this quarter, or cell phone Internet just to stay on brand here, were down year-on-year and a bit lighter than at least we were expecting. So it does seem like that product is starting to mature here. But you also called out wireline overbuild sort of pricing at a discount in the market as well. So I'd love to hear your updated thoughts on sort of the competitive framework you're thinking about this year. Jessica Fischer: So Ben, on the line item expense guidance that we gave earlier in the year, I don't have an update to any of those specific items. But what I would tell you is that, because of some of the work that we're doing around expenses across the business, I think it's possible that we come in lower than what we guided to, to begin with. I don't have a revision, but I think it's possible we come in on the low side. Benjamin Swinburne: Okay. Even with the bad debt comment you made earlier? Jessica Fischer: So that's a fair call out. The exact amount of the bad debt related to ACP is hard to predict because it's a matter of what the mix is between customers that go non-pay and customers that sort of contact you in some other way. So that's fair call out. On items other than that, I think the possibility is that we do better. Christopher Winfrey: You've got a lower transaction environment, plus all the expense management activity that we're doing, and that will have significant impact to cost to serve as well as sales and marketing as well. And the broadband competition, maybe just take a step back and talk a little b”
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SEC filings for CHTR ↗ · Claim quote is verbatim from the 2024Q1 earnings call.