Earnings summaries and quarterly performance for CHARTER COMMUNICATIONS, INC. /MO/.
Executive leadership at CHARTER COMMUNICATIONS, INC. /MO/.
Chris Winfrey
President and Chief Executive Officer
Adam Ray
Executive Vice President, Chief Commercial Officer
Jamal Haughton
Executive Vice President, General Counsel and Corporate Secretary
Jessica Fischer
Chief Financial Officer
Kevin Howard
Executive Vice President, Chief Accounting Officer and Controller
Richard DiGeronimo
President, Product and Technology
Board of directors at CHARTER COMMUNICATIONS, INC. /MO/.
Balan Nair
Director
Carolyn Slaski
Director
David Merritt
Director
David Wargo
Director
Eric Zinterhofer
Non-Executive Chairman of the Board
John Markley
Director
Kim Goodman
Director
Lance Conn
Director
Martin Patterson
Director
Mauricio Ramos
Director
Michael Newhouse
Director
Steven Miron
Director
Research analysts who have asked questions during CHARTER COMMUNICATIONS, INC. /MO/ earnings calls.
Benjamin Swinburne
Morgan Stanley
5 questions for CHTR
Craig Moffett
MoffettNathanson
5 questions for CHTR
Jessica Reif Ehrlich
Bank of America Securities
4 questions for CHTR
Steven Cahall
Wells Fargo & Company
4 questions for CHTR
John Hodulik
UBS Group AG
3 questions for CHTR
Jonathan Chaplin
New Street Research
3 questions for CHTR
Bryan Kraft
Deutsche Bank AG
2 questions for CHTR
Frank Louthan
Raymond James
2 questions for CHTR
Kutgun Maral
Evercore ISI
2 questions for CHTR
Michael Ng
Goldman Sachs
2 questions for CHTR
Michael Rollins
Citigroup
2 questions for CHTR
Sebastiano Petti
JPMorgan Chase & Co.
2 questions for CHTR
Vikash Harlalka
New Street Research
2 questions for CHTR
James Schneider
Goldman Sachs
1 question for CHTR
Jim Schneider
Goldman Sachs
1 question for CHTR
Peter Supino
Wolfe Research
1 question for CHTR
Recent press releases and 8-K filings for CHTR.
- Charter’s Q4 consolidated revenue declined 2.3% YoY (–0.4% ex-advertising); Adjusted EBITDA fell 1.2% in Q4, while FY 2025 EBITDA grew 0.6%.
- Q4 CapEx totaled $3.3 B; FY 2025 CapEx reached $11.66 B; Q4 free cash flow was $773 M; guidance for 2026 CapEx of $11.4 B and cash taxes of $500 M–$800 M.
- Added nearly 2 M mobile lines (19% growth), delivered Q4 video net adds, and saw improved internet churn and sales amid strong competition.
- Ended Q4 with net debt/EBITDA of 4.15x (4.21x pro forma); repurchased 2.9 M shares for $760 M; targeting post-Cox leverage of 3.5x–3.75x within three years.
- Charter posted 4Q25 revenue of $13.6 B, down 2.3% Y/Y; residential revenue was $10.4 B (−2.4%), commercial revenue $1.8 B (+0.3%).
- Adjusted EBITDA in 4Q25 was $5.7 B, a 1.2% decline Y/Y; LTM Adjusted EBITDA rose 0.6% to $22.7 B.
- Capex totaled $3.3 B in 4Q25, lifting FY25 capex to $11.7 B; 4Q25 free cash flow was $773 M, with LTM FCF of $5.0 B.
- Total debt edged up to $94.6 B in 4Q25, with net leverage at 4.21× on a pro forma basis for the Liberty Broadband transaction.
- Q4 lost 119k internet customers, added 428k mobile lines and 44k video subscriptions, contributing to full-year 0.5% revenue decline and 0.5% EBITDA growth.
- Q4 consolidated revenue dropped 2.3% YoY; excluding advertising and app allocation, revenue was down 0.4%.
- 2026 outlook targets slight EBITDA growth, $11.4 billion in CapEx (vs. $11.66 billion in 2025), with run-rate CapEx under $8 billion by 2028.
- Q4 free cash flow of $773 million, repurchased $760 million of shares, net debt/EBITDA at 4.15x, and plans to reach 3.5–3.75x leverage within three years post-Cox.
- Pending regulatory approval of the Cox merger to expand Spectrum’s footprint to 70 million households and enhance cross-sell of connectivity services.
- Q4 2025 consolidated revenue down 2.3%, adjusted EBITDA down 1.2%, full-year revenue down 0.5% and EBITDA up 0.6% YoY
- In Q4, net customer adds included loss of 119,000 internet customers, addition of 428,000 mobile lines, growth of 44,000 video customers and 46,000 net subsidized rural additions
- Capital expenditures: $3.3 B in Q4 and $11.66 B in 2025; expects $11.4 B in 2026 and a decline to below $8 B by 2028
- Free cash flow of $773 M in Q4; repurchased 2.9 M shares for $760 M; ended the quarter with $95 B debt and 4.15x net leverage
- 2026 guidance: slight EBITDA growth excluding transaction costs, $11.4 B capex, and a post-Cox target leverage of 3.5–3.75x within three years
- Charter’s Q4 revenue fell to $13.6 billion, down about 2–2.3% year-over-year, with full-year revenue roughly flat.
- The company added ~2 million mobile lines (19% growth), claiming the title of fastest-growing U.S. mobile provider, and saw Spectrum TV sign-ups rise via bundled streaming apps.
- Broadband remained under pressure, with a loss of 119,000 internet customers, though residential connectivity revenue grew 2.3% and internet revenue rose 0.7% to $5.9 billion.
- Advertising revenue plunged 25.8%, driven almost entirely by reduced political ad spending, offsetting modest gains elsewhere.
- Q4 net income declined to $1.332 billion (basic EPS $10.47; diluted EPS $10.34, up 2.4% year-over-year but slightly below estimates).
- Q4 revenue of $13.6 billion (–2.3% y-o-y) and net income of $1.3 billion; full-year 2025 revenue $54.8 billion (–0.6%) with net income $5.0 billion; Q4 Adjusted EBITDA $5.7 billion, FY 2025 $22.7 billion
- Customer trends: Internet customers down by 119,000 to 29.7 million, mobile lines up by 428,000 to 11.8 million, video customers up by 44,000 to 12.6 million, voice customers down to 6.0 million
- Capital deployment: Q4 capex $3.3 billion, FY 2025 capex $11.7 billion (incl. $3.9 billion of line extensions); free cash flow of $5.0 billion (vs. $4.3 billion prior year); share repurchases of 17.1 million shares for $5.4 billion
- FY 2026 outlook: expects capex of $11.4 billion and will prioritize product utility, value and service to drive customer, EBITDA and cash‐flow growth
- Revenue: Q4 2025 $13.6 billion (-2.3% y/y), FY 2025 $54.8 billion (-0.6% y/y)
- Profit and EBITDA: Q4 net income attributable to shareholders $1.3 billion and Adjusted EBITDA $5.7 billion (-1.2% y/y); FY net income $5.0 billion and Adjusted EBITDA $22.7 billion (+0.6% y/y)
- Customer trends: Q4 Internet customers declined by 119,000 to 29.7 million; mobile lines increased by 428,000 to 11.8 million
- Cash flow & capex: FY free cash flow $5.0 billion (vs. $4.3 billion) on capex of $11.7 billion; 2026 capex guidance ~$11.4 billion
- Share repurchases: 17.1 million shares repurchased for ~$5.4 billion in 2025, including 2.9 million shares for $760 million in Q4
- Charter subsidiaries CCO Holdings, LLC and CCO Holdings Capital Corp. closed on $3.0 billion of senior unsecured notes, consisting of $1.75 billion 7.000% notes due 2033 and $1.25 billion 7.375% notes due 2036.
- The notes were issued at 100% of par and bear interest semi-annually on February 1 and August 1, commencing August 1, 2026.
- The offering was made to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S; the notes are unregistered under the Securities Act and may only be resold pursuant to an exemption.
- The issuance is governed by an eleventh supplemental indenture with The Bank of New York Mellon Trust Company, N.A. as trustee, under which the notes rank as general unsecured obligations of the issuers without guarantees.
- Charter’s subsidiaries, CCO Holdings, LLC and CCO Holdings Capital, completed an issuance of $3.0 billion in senior unsecured notes: $1.75 billion due 2033 at 7.000% interest and $1.25 billion due 2036 at 7.375%, both at par.
- Notes were sold to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S, remaining unregistered under the Securities Act.
- Charter priced $3.0 billion of senior unsecured notes—$1.75 billion due 2033 at 7.000% and $1.25 billion due 2036 at 7.375%.
- Net proceeds will fund general corporate purposes, including full redemption of its 5.500% notes due 2026 and partial redemption of its 5.125% notes due 2027.
- Charter may also use proceeds to fund buybacks of its Class A common stock and common units of Charter Communications Holdings, LLC.
- The offering is expected to close on January 13, 2026, subject to customary conditions.
Quarterly earnings call transcripts for CHARTER COMMUNICATIONS, INC. /MO/.
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