Earnings release
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Charter COMMUNICATIONS NEWS Charter Announces Third Quarter 2021 Results Stamford , Connecticut - October 29 , 2021 - Charter Communications , Inc. ( along with its subsidiaries , the " Company " or " Charter " ) today reported financial and operating results for the three and nine months ended September 30 , 2021 . Key highlights : • • • Third quarter total residential and small and medium business ( " SMB " ) customer relationships increased by 185,000 . As of September 30 , 2021 , Charter served a total of 31.9 million residential and SMB customers , with 1.0 million net new customer relationships added over the last twelve months . Third quarter total residential and SMB Internet customers increased by 265,000 . As of September 30 , 2021 , Charter served a total of 29.9 million residential and SMB Internet customers , with 1.3 million total Internet customers added over the last twelve months . Third quarter total residential and SMB mobile lines increased by 244,000 . As of September 30 , 2021 , Charter served a total of 3.2 million mobile lines , with 1.1 million mobile lines added over the last twelve months . • Third quarter revenue of $ 13.1 billion grew by 9.2 % year - over - year , driven by residential revenue growth of 9.4 % , mobile revenue growth of 45.4 % and commercial revenue growth of 7.1 % . • Third quarter Adjusted EBITDA¹ of $ 5.3 billion grew by 13.9 % year - over - year . • Net income attributable to Charter shareholders totaled $ 1.2 billion in the third quarter . • Third quarter capital expenditures totaled $ 1.9 billion and included $ 119 million of mobile - related capital expenditures . • • Third quarter free cash flow of $ 2.5 billion grew by 41.2 % year - over - year . During the third quarter , Charter purchased approximately 5.3 million shares of Charter Class A common stock and Charter Communications Holdings , LLC ( " Charter Holdings " ) common units for approximately $ 4.0 billion . " The value of our connectivity products allowed us to add over 1 million customer relationships over the last year , " said Tom Rutledge , Chairman and CEO of Charter . " Looking forward , we remain focused on improving both the quality and value of our products as demand for more advanced services grows . As data usage both inside and outside the home continues to increase , so do our network and product capabilities . We remain confident in our ability to grow customers , EBITDA and free cash flow for many years to come . " 1. Adjusted EBITDA and free cash flow are non - GAAP measures defined in the “ Use of Adjusted EBITDA and Free Cash Flow Information " section and are reconciled to net income attributable to Charter shareholders and net cash flows from operating activities , respectively , in the addendum of this news release . 1