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Charter Communications, Inc. (NASDAQ: CHTR), operating under the Spectrum brand, is a leading broadband connectivity company and the second-largest cable operator in the United States. The company emerged in 2016 from the merger of Legacy Charter, Time Warner Cable, and Bright House Networks. Charter now offers television, internet access, and phone services to approximately 57 million U.S. homes and businesses, covering around 40% of the country. With over 32 million customers, including 30 million residential and 2 million commercial accounts, Charter delivers a range of advanced communications services.
Under the Spectrum brand, Charter offers a comprehensive suite of services:
- Spectrum Internet® - High-speed internet services with a focus on providing multi-gigabit speeds and symmetrical connections. The network evolution aims to ensure optimal performance and reliability.
- Spectrum TV® - A robust television service that includes popular news and entertainment networks as well as sports channels through partnerships with Spectrum SportsNet, SportsNet LA, SportsNet New York, and Spectrum News NY1.
- Spectrum Mobile™ - Innovative mobile services that include features like Anytime Upgrade, which allows customers to upgrade their devices without traditional wait times, and a cost-effective Mobile Repair and Replacement Plan.
- Spectrum Voice® - Reliable phone services suitable for both residential and business customers.
Charter continues to innovate and expand its offerings. Recent achievements include the launch of Anytime Upgrade and the Mobile Repair and Replacement Plan, enhancing the value and flexibility for Spectrum Mobile customers. Additionally, Charter remains committed to supporting underserved communities through government partnerships to extend broadband access.
Financially, Charter reported a revenue increase of 0.2% year-over-year to $13.7 billion in the first quarter of 2024, driven by growth in residential mobile service, internet, and advertising sales. The company also recorded an Adjusted EBITDA growth of 2.8% year-over-year to $5.5 billion.
Charter has also strengthened its media presence through partnerships, such as the recent multi-year agreement with Paramount Global, ensuring that Spectrum customers continue to enjoy top-tier content from CBS, BET, MTV, Nickelodeon, and more.
For the latest updates on Charter Communications, follow them on LinkedIn.
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Charter Communications, Inc. (NASDAQ: CHTR) announces CEO Christopher Winfrey's participation in the Morgan Stanley Technology, Media & Telecom Conference on March 6, 2024. The event will be webcast live on Charter's investor relations website.
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Spectrum Mobile secures top spot in customer care among MVNOs in the J.D. Power 2024 U.S. Wireless Customer Care Study. The company's focus on simplicity, superior service, and affordable prices earns recognition.
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Spectrum's Super Bowl commercial highlights the reliability and speed of Spectrum Internet compared to cell phone home internet providers. The ad showcases the limitations of cell phone internet and emphasizes Spectrum's faster speeds, 24/7 reliability, and cost savings for customers.
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Charter Communications, Inc. reported a 0.3% revenue growth in the fourth quarter of 2023, with net income attributable to Charter shareholders totaling $1.1 billion. The company served a total of 30.6 million residential and SMB Internet customers, with 155,000 total Internet customers added in 2023. Fourth quarter Adjusted EBITDA of $5.6 billion grew by 1.6% year-over-year, and full year 2023 revenue of $54.6 billion grew by 1.1% year-over-year.
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Sensormatic Solutions, a retail solutions portfolio of Johnson Controls, is partnering with Charter Communications, Inc. to deploy in-store traffic analytics solutions at over 700 Spectrum stores in the US. The initiative follows a successful pilot program in 50 stores, aiming to optimize employee staffing, enhance customer experience, and support localized marketing efforts. Sensormatic's Market Intelligence offers real-time performance insights and industry-specific benchmarking to drive growth opportunities. Charter will leverage Sensormatic's data to support a more customer-focused culture and facilitate in-the-moment sales coaching.
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TelevisaUnivision and Charter Communications, Inc. have announced a multi-year agreement to extend and expand their partnership, providing Spectrum customers with continued access to Spanish-language content. The agreement includes the creation of a new ad-supported premium subscription version of ViX, available at no additional cost to Spectrum customers. This deal enhances Charter's flexibility to offer high-value linear and over-the-top TV packages, and includes TelevisaUnivision's U.S. channels as an integral launch partner in a new low-cost Spanish-language internet-delivered video package that Spectrum will launch in the coming months.
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Spectrum Reach, the advertising sales business of Charter Communications, Inc., is launching the 'Pay It Forward' initiative to provide 250 underserved small business owners with access to expert advertising and marketing resources. The program offers a free ad campaign worth $15,000, marketing and creative support, as well as educational resources. Selected entrepreneurs will receive a live and streaming TV campaign, a custom 30-second commercial, marketing consultation services, mentoring, and networking opportunities.
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Charter Communications, Inc. (CHTR) commits to support 500 nonprofits through its employee-driven grants program, pledging $2.5 million over the next five years. The program has already supported hundreds of nonprofits, impacting over 70,000 community members. Charter will increase its investment in the program to enhance the lives of local residents. The company will also host an employee volunteer event in Tampa in partnership with grant recipient Metropolitan Ministries.
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Charter Communications, Inc. (CHTR) has opened applications for Spectrum Scholars, a scholarship program for underrepresented college students with financial need. The program offers $20,000 scholarships, mentorship, and internship opportunities. Charter has awarded over $1 million in scholarships and provides professional development and networking opportunities for the selected students. The program aims to support a skilled and diverse workforce and attract, develop, and retain employees for Charter's continued success.
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Charter Communications, Inc. (CHTR) and The Walt Disney Company (DIS) have announced that the ad-supported version of Disney+ is now available in all Spectrum TV Select packages nationwide at no additional cost. This transformative new distribution agreement allows Charter video customers to stream iconic entertainment from Disney, Pixar, Marvel, Stars Wars, and National Geographic through the Xumo Stream Box or any other Disney+ supported device. This move aims to provide a simplified TV viewing experience and enhance the value of Spectrum services for mutual customers.
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FAQ
What is the current stock price of Charter Comm Del CL A New (CHTR)?
The current stock price of Charter Comm Del CL A New (CHTR) is $388.27 as of November 22, 2024.
What is the market cap of Charter Comm Del CL A New (CHTR)?
The market cap of Charter Comm Del CL A New (CHTR) is approximately 55.3B.
What services does Charter Communications offer?
Charter Communications offers internet, TV, mobile, and voice services under the Spectrum brand.
What is the Spectrum brand?
Spectrum is the brand under which Charter Communications provides its advanced communications services, including internet, TV, mobile, and voice.
How large is Charter Communications' customer base?
Charter Communications serves over 32 million customers in 41 states, including 30 million residential and 2 million commercial accounts.
What recent innovations has Charter introduced?
Charter has launched the Spectrum Mobile Anytime Upgrade and the Mobile Repair and Replacement Plan, providing more value and flexibility to customers.
What is Charter's approach to underserved communities?
Charter works with federal, state, and local governments to extend broadband access to underserved communities.
How did Charter perform financially in the first quarter of 2024?
Charter reported a revenue increase of 0.2% year-over-year to $13.7 billion and an Adjusted EBITDA growth of 2.8% to $5.5 billion.
What content agreements does Charter have?
Charter has a multi-year distribution agreement with Paramount Global, ensuring access to CBS, BET, MTV, Nickelodeon, and more for Spectrum customers.
What is Spectrum Internet®?
Spectrum Internet® provides high-speed internet services with multi-gigabit speeds and symmetrical connections, catering to both residential and business customers.
What is the purpose of Spectrum Voice®?
Spectrum Voice® offers reliable phone services for residential and business customers.
Where can I follow Charter's latest news and job opportunities?
For the latest updates and job opportunities, follow Charter Communications on LinkedIn at https://www.linkedin.com/company/spectrum/.
Charter Comm Inc Del CL A New
Nasdaq:CHTR
CHTR Rankings
CHTR Stock Data
55.27B
90.06M
36.68%
72.23%
8.75%
Telecom Services
Cable & Other Pay Television Services
United States of America
STAMFORD