Charter Achieves EBITDA Growth despite Higher Expenses

Charter Communications’ (CHTR) reported adjusted EBITDA of $4.0 billion in the third quarter, a ~3.5% YoY increase led by higher top-line growth. However, excluding mobile, the telecom company’s adjusted EBITDA rose ~5.5% YoY in the third quarter. Its adjusted EBITDA margin declined to 36.3% in the third quarter from 36.5% in the third quarter of 2017.