Strong Mobile Growth
Added over 500,000 Spectrum Mobile lines in Q1 and over 2.1 million lines over the last year, resulting in line growth of over 25%.
EBITDA Growth
EBITDA growth accelerated to 4.8%, driven by strong contributions from mobile growth and improved service quality.
Reduced Operating Expenses
Total operating expenses declined by 2.6% year over year, with specific declines in programming costs by 10.4% and cost to service customers by 2.2%.
Free Cash Flow Increase
First quarter free cash flow totaled $1.6 billion, an increase of approximately $1.2 billion compared to last year's first quarter.
Capital Expenditure Reduction
Capital expenditures totaled $2.4 billion in Q1, down about $400 million from last year's first quarter.
Positive Net Income
Generated $1.2 billion of net income attributable to shareholders in Q1, compared to $1.1 billion last year.