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    CHARTER COMMUNICATIONS, INC. /MO/ (CHTR)

    Charter Communications, Inc. is a leading broadband connectivity company and cable operator serving over 32 million customers in 41 states under the Spectrum brand. The company offers a comprehensive range of residential and business services, including Internet, TV, Mobile, and Voice services . Charter's product lines include Internet, Video, Voice, Mobile Service, and others, with residential revenue being the largest segment .

    1. Internet - Provides high-speed broadband services to residential and business customers, forming the backbone of Charter's connectivity offerings.
    2. Video - Offers a variety of television services, including cable TV packages with a wide range of channels and on-demand content.
    3. Mobile Service - Delivers mobile phone services with flexible plans and nationwide coverage under the Spectrum brand.
    4. Voice - Supplies residential and business voice services, including landline and VoIP options for clear and reliable communication.
    5. Others - Encompasses additional services such as tailored advertising and production services through Spectrum Reach, and award-winning news and sports programming via Spectrum Networks.

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    NamePositionExternal RolesShort Bio

    Christopher L. Winfrey

    ExecutiveBoard

    President and Chief Executive Officer

    Board member of NCTA, CableLabs, and National Urban League.

    Joined CHTR in 2010 as CFO, later COO, and became CEO in December 2022. Known for strategic leadership in financial and operational roles.

    View Report →

    Jamal H. Haughton

    Executive

    EVP, General Counsel, and Corporate Secretary

    None.

    Oversees legal and corporate governance matters. Played a key role in legal opinions and corporate filings, including stock incentive plans.

    Jessica M. Fischer

    Executive

    Chief Financial Officer

    None.

    Joined CHTR in 2017 as Corporate Treasurer, later EVP Finance, and became CFO in October 2021. Oversees financial strategy and capital markets.

    Kevin D. Howard

    Executive

    EVP, Chief Accounting Officer, and Controller

    None.

    Oversees accounting and financial reporting. No additional details on prior roles or achievements provided.

    Richard J. DiGeronimo

    Executive

    President, Product and Technology

    Board member of Adaptive Spirit.

    Joined CHTR in 2008, held various leadership roles in product and strategy, and became President, Product and Technology in December 2022.

    Balan Nair

    Board

    Independent Director

    CEO of Liberty Latin America; Board member at Adtran Corporation.

    Director since 2013, significant expertise in telecommunications and technology. Former CTO of Liberty Global.

    Carolyn J. Slaski

    Board

    Independent Director

    Board member of TELUS International.

    Director since 2024, former Vice-Chair of Talent at EY LLP. Extensive experience in audit and consulting.

    David C. Merritt

    Board

    Independent Director

    Director at Taylor Morrison Home Corporation.

    Director since 2003, extensive experience in accounting and corporate governance. Former audit partner at KPMG.

    Eric L. Zinterhofer

    Board

    Non-Executive Chairman of the Board

    Founder of Searchlight Capital Partners; Director at Univision Holdings, Ziply Fiber, and Liberty Latin America.

    Director since 2009, extensive experience in financial advisory and telecommunications industries. Became Non-Executive Chairman in November 2023.

    Gregory B. Maffei

    Board

    Independent Director

    CEO of Liberty Media, Liberty Broadband, and other Liberty entities; Chairman of Sirius XM, Live Nation, and others.

    Director since 2013, extensive experience in media, technology, and public company leadership.

    James E. Meyer

    Board

    Independent Director

    Vice Chairman of Sirius XM; Former CEO of Sirius XM.

    Director since 2018, extensive experience in media and technology industries. Former CEO of Sirius XM.

    John D. Markley, Jr.

    Board

    Independent Director

    Managing Director of Bear Creek Capital; Director at Interdigital, Inc..

    Director since 2009, significant experience in communications and technology investments.

    Kim C. Goodman

    Board

    Independent Director

    CEO of Smarsh, Inc..

    Director since 2016, extensive experience in software, networking, and financial services. Former executive at Fiserv and AMEX.

    Mauricio Ramos

    Board

    Independent Director

    CEO of Millicom; Chair of U.S.-Colombia Business Council; Commissioner at Broadband Commission.

    Director since 2016, extensive experience in telecommunications and broadband development. CEO of Millicom since 2015.

    Michael A. Newhouse

    Board

    Independent Director

    Co-President of Advance; Trustee of Advance Long-Term Management Trust.

    Director since 2016, extensive experience in media and technology industries. Co-President of Advance, a private investment company.

    Steven A. Miron

    Board

    Independent Director

    Director at Warner Bros. Discovery and C-SPAN.

    Director since 2016, former CEO of Bright House Networks. Extensive experience in cable television and media industries.

    W. Lance Conn

    Board

    Independent Director

    None.

    Director since 2004, extensive experience in media and investment industries. Former President of Vulcan Capital.

    1. Given the loss of the Affordable Connectivity Program and its significant impact on broadband subscriber numbers, how does the company plan to mitigate this loss in the long term? What strategies are in place to replace the retention benefits previously provided by ACP, especially considering the potential for higher churn rates among low-income customers?

    2. You mentioned that your 2024 capital expenditures guidance has been reduced due to lower customer net additions and the impact of the end of ACP. Can you elaborate on how this reduction in CapEx might affect your long-term network evolution initiatives and competitive positioning, particularly in light of increasing competition from fiber overbuilds and fixed wireless access providers?

    3. In your prepared remarks, you highlighted that your standalone mobile adjusted EBITDA was positive for the first time, even after subscriber acquisition costs. Can you provide more details on the sustainability of mobile profitability, especially considering the increasingly competitive mobile market and aggressive promotions from other carriers?

    4. Regarding the hybrid direct-to-consumer linear model and inclusion of streaming services like Paramount+, Disney+, and others into your video packages, how confident are you that these partnerships will stabilize or grow your video segment? What metrics will you use to assess the success of this strategy over the next few quarters?

    5. With the expansion of open-access fiber networks and potential increased competition from wholesalers and other converged players, how do you plan to defend your market share and margins in the face of these emerging competitive threats? Specifically, what strategies are you implementing to address the risks posed by these new market entrants?

    Program DetailsProgram 1
    Approval DateN/A
    End Date/DurationN/A
    Total Additional AmountN/A
    Remaining Authorization$599 million
    DetailsCharter has been actively purchasing shares of its Class A common stock since September 2016. As of September 30, 2024, Charter has purchased approximately 162.3 million shares for approximately $73.3 billion.
    YearAmount Due (in millions)Debt TypeInterest Rate% of Total Debt
    2025$1,799 4.908% Senior Notes 4.908% 1.9% = (1,799M / 93,800M) * 100
    2026$1,850 6.150% Senior Notes 6.150% 2.0% = (1,850M / 93,800M) * 100
    2027$3,250 5.125% Senior Notes 5.125% 3.5% = (3,250M / 93,800M) * 100
    2028$4,750 3.750% Senior Notes 3.750% 5.1% = (4,750M / 93,800M) * 100
    2029$6,750 2.250% Senior Notes 2.250% 7.2% = (6,750M / 93,800M) * 100
    2030$10,300 4.750% Senior Notes 4.750% 11.0% = (10,300M / 93,800M) * 100
    2031$6,825 4.250% Senior Notes 4.250% 7.3% = (6,825M / 93,800M) * 100
    2032$8,000 4.750% Senior Notes 4.750% 8.5% = (8,000M / 93,800M) * 100
    2033$2,750 4.500% Senior Notes 4.500% 2.9% = (2,750M / 93,800M) * 100
    2034$6,800 4.250% Senior Notes 4.250% 7.2% = (6,800M / 93,800M) * 100
    2035$2,000 6.384% Senior Notes 6.384% 2.1% = (2,000M / 93,800M) * 100
    2038$2,300 5.375% Senior Notes 5.375% 2.5% = (2,300M / 93,800M) * 100
    2041$1,500 3.500% Senior Notes 3.500% 1.6% = (1,500M / 93,800M) * 100
    2042$2,350 3.500% Senior Notes 3.500% 2.5% = (2,350M / 93,800M) * 100
    2045$3,500 6.484% Senior Notes 6.484% 3.7% = (3,500M / 93,800M) * 100
    2047$2,500 5.375% Senior Notes 5.375% 2.7% = (2,500M / 93,800M) * 100
    2048$2,450 5.750% Senior Notes 5.750% 2.6% = (2,450M / 93,800M) * 100
    2049$1,250 5.125% Senior Notes 5.125% 1.3% = (1,250M / 93,800M) * 100
    2050$2,800 4.800% Senior Notes 4.800% 3.0% = (2,800M / 93,800M) * 100
    2051$2,050 3.700% Senior Notes 3.700% 2.2% = (2,050M / 93,800M) * 100
    2052$2,400 3.900% Senior Notes 3.900% 2.6% = (2,400M / 93,800M) * 100
    2053$1,500 5.250% Senior Notes 5.250% 1.6% = (1,500M / 93,800M) * 100
    2055$500 6.834% Senior Notes 6.834% 0.5% = (500M / 93,800M) * 100
    2061$3,250 3.850% Senior Notes 3.850% 3.5% = (3,250M / 93,800M) * 100
    2062$1,400 3.950% Senior Notes 3.950% 1.5% = (1,400M / 93,800M) * 100
    2063$1,000 5.500% Senior Notes 5.500% 1.1% = (1,000M / 93,800M) * 100

    Competitors mentioned in the company's latest 10K filing.

    CompanyDescription

    Our residential Internet service faces competition from fiber-to-the-home ("FTTH") services, and this competitor is one of our primary FTTH competitors, delivering 1 Gbps broadband speed (and some deliver multi Gbps) in at least a portion of their footprints which overlap our footprint. They also continue to expand 5G mobile services and offer wireline video services in significant portions of our operating areas.

    Our residential Internet service faces competition from fiber-to-the-home ("FTTH") services, and this competitor is one of our primary FTTH competitors, delivering 1 Gbps broadband speed (and some deliver multi Gbps) in at least a portion of their footprints which overlap our footprint.

    Our residential Internet service faces competition from fiber-to-the-home ("FTTH") services, and this competitor is one of our primary FTTH competitors, delivering 1 Gbps broadband speed (and some deliver multi Gbps) in at least a portion of their footprints which overlap our footprint. They also offer wireline video services in significant portions of our operating areas and continue to expand 5G mobile services.

    Our mobile service faces competition from national mobile network operators, including this competitor, which continues to expand 5G mobile services and offers wireless Internet services delivered over networks which they continue to enhance to deliver faster speeds.

    YouTube TV

    Our residential video service faces growing competition from virtual MVPDs, including this service, which deliver linear network programming, movies, and television shows on demand over broadband Internet connections.

    Hulu Live

    Our residential video service faces growing competition from virtual MVPDs, including this service, which deliver linear network programming, movies, and television shows on demand over broadband Internet connections.

    Sling TV

    Our residential video service faces growing competition from virtual MVPDs, including this service, which deliver linear network programming, movies, and television shows on demand over broadband Internet connections.

    Philo

    Our residential video service faces growing competition from virtual MVPDs, including this service, which deliver linear network programming, movies, and television shows on demand over broadband Internet connections.

    DirecTV Stream

    Our residential video service faces growing competition from virtual MVPDs, including this service, which deliver linear network programming, movies, and television shows on demand over broadband Internet connections.

    Our residential video service faces competition from subscription video on demand ("SVOD") services, including this service, which offer movies and television shows on demand over broadband Internet connections.

    Our residential video service faces competition from subscription video on demand ("SVOD") services, including this service, which offer movies and television shows on demand over broadband Internet connections.

    Our residential video service faces competition from subscription video on demand ("SVOD") services, including this service, which offer movies and television shows on demand over broadband Internet connections.

    Hulu Plus

    Our residential video service faces competition from subscription video on demand ("SVOD") services, including this service, which offer movies and television shows on demand over broadband Internet connections.

    Max

    Our residential video service faces competition from programmer streaming applications, including this service, which offer movies and television shows on demand over broadband Internet connections.

    Our residential video service faces competition from programmer streaming applications, including this service, which offer movies and television shows on demand over broadband Internet connections.

    Peacock

    Our residential video service faces competition from programmer streaming applications, including this service, which offer movies and television shows on demand over broadband Internet connections.

    Our residential video service faces competition from programmer streaming applications, including this service, which offer movies and television shows on demand over broadband Internet connections.

    YouTube

    Our residential video service faces competition from ad-supported free online video products, including this service, which offer programming for free to consumers that we currently purchase for a fee.

    Pluto TV

    Our residential video service faces competition from ad-supported free online video products, including this service, which offer programming for free to consumers that we currently purchase for a fee.

    DISH Network Corporation

    Our residential video service faces competition from DBS service providers, including this provider, which have a national footprint and offer satellite-delivered pre-packaged programming services.

    DIRECTV

    Our residential video service faces competition from DBS service providers, including this provider, which have a national footprint and offer satellite-delivered pre-packaged programming services.

    Engaged in competitive video programming distribution and high-speed Internet access services, including Google Fiber and YouTube TV.

    Engaged in competitive video programming distribution, including Amazon Prime.

    Engaged in competitive video programming distribution, including Apple TV+.

    Astound Broadband

    Engaged in competitive video programming distribution and high-speed Internet access services.

    Cincinnati Bell Inc.

    Engaged in competitive video programming distribution and high-speed Internet access services, including Hawaiian Telecom.

    Engaged in competitive video programming distribution and high-speed Internet access services, including Peacock.

    Cox Communications, Inc.

    Engaged in competitive video programming distribution and high-speed Internet access services.

    Engaged in competitive video programming distribution, including Sling Media.

    Engaged in competitive video programming distribution.

    Engaged in competitive video programming distribution and high-speed Internet access services.

    Engaged in competitive video programming distribution.

    Engaged in competitive video programming distribution, including Xbox.

    Engaged in competitive video programming distribution.

    Engaged in competitive video programming distribution, including Paramount+ and Pluto TV.

    Public Broadcasting Service

    Engaged in competitive video programming distribution.

    Engaged in competitive video programming distribution.

    Sony Corporation of America

    Engaged in competitive video programming distribution, including Sony Interactive Entertainment and PlayStation.

    Engaged in competitive video programming distribution, including ABC, Disney+, ESPN, and Hulu.

    Engaged in competitive video programming distribution and high-speed Internet access services.

    NameStart DateEnd DateReason for Change
    KPMG LLP2002 PresentCurrent auditor

    Recent press releases and 8-K filings for CHTR.

    Charter Communications to issue $2 billion of senior secured notes
    ·$CHTR
    Debt Issuance
    • Charter Communications Operating, LLC and affiliates entered into an underwriting agreement with Citigroup, J.P. Morgan and Morgan Stanley to issue $1.25 billion 5.850% Senior Secured Notes due 2035 and $750 million 6.700% Senior Secured Notes due 2055.
    • The notes will be issued under the Base Indenture dated July 23, 2015, as supplemented by a Twenty-Sixth Supplemental Indenture effective September 2, 2025, and will be guaranteed by CCO Holdings, LLC and specified subsidiary guarantors.
    • The Underwriting Agreement includes customary representations, warranties, covenants, indemnification provisions and closing conditions, and is filed as Exhibit 99.1 to the Form 8-K.
    Aug 20, 2025, 12:00 AM
    Charter Communications files 8-K on Cox Transactions and pro forma financials
    ·$CHTR
    M&A
    Debt Issuance
    Convertible Preferred Issuance
    • On May 16, 2025, Charter entered into a Transaction Agreement with Cox Enterprises to (i) purchase Cox Communications’ commercial fiber and managed IT/cloud services for $3.5 billion in cash, (ii) receive Cox’s residential cable assets in exchange for $500 million cash, $6 billion convertible preferred units and ~33.6 million common units, and (iii) issue one Charter Class C share for a $1 payment from Cox.
    • The combined company will assume approximately $12.4 billion of Cox net debt and finance leases, with a preliminary total purchase price of $20.6 billion funded by $4 billion of new debt and existing cash balances.
    • The 8-K includes Cox Communications’ unaudited condensed interim financials for the six months ended June 30, 2025 and Charter’s unaudited pro forma condensed combined financial statements as if the Transactions occurred as of June 30, 2025 (balance sheet) and January 1, 2024 (operations).
    • Pro forma combined balance sheet as of June 30, 2025 shows total assets of $186.4 billion and shareholders’ equity of $36.7 billion; pro forma first-half revenues of $33.8 billion and net income attributable to Charter shareholders of $2.47 billion.
    • Pro forma results for the year ended December 31, 2024 reflect full-year revenues of $68.2 billion and net income attributable to Charter shareholders of $4.81 billion.
    Aug 18, 2025, 12:00 AM
    Charter Communications stock trading at five times earnings
    ·$CHTR
    Share Buyback
    • Oakmark has reduced its holdings in Charter compared with a few years ago when the stock was much higher.
    • Charter’s business is now predominantly internet and mobile telephone, rather than legacy cable services.
    • The stock is trading at approximately five times earnings, reflecting a significant valuation discount.
    • Charter generates strong free cash flow and can allocate most earnings to share buybacks to drive per-share growth.
    Aug 8, 2025, 12:28 PM
    Charter Communications reports Q2 subscriber losses and media outlook
    ·$CHTR
    Earnings
    Demand Weakening
    M&A
    • Charter shares fell 18% after reporting greater-than-expected Q2 internet customer losses in a mature, competitive cable market.
    • Telecom operators, notably T-Mobile, gained share with lower-cost fixed wireless offerings, challenging cable subscriber retention.
    • Charter offers approximately $100 of complimentary streaming services (Peacock, Max, Paramount +, Disney +) to Spectrum customers to stabilize video subscriptions.
    • Despite headwinds and a difficult second half, Charter’s valuation remains attractive, backed by solid management and network quality.
    • The broader media sector anticipates M&A and spin-offs, with Comcast and Warner Bros. Discovery assets likely to be reshaped and potential roll-ups.
    Jul 28, 2025, 12:33 PM
    Charter reports Q2 2025 earnings amid subscriber losses
    ·$CHTR
    Earnings
    M&A
    Demand Weakening
    • Revenue rose by 0.6% to $13.77 billion and EPS increased to $9.18, though below analysts’ $9.58 estimate.
    • Adjusted EBITDA edged up 0.5% to $5.69 billion; free cash flow declined to $1.0 billion.
    • Broadband customer losses totaled 117,000, while video losses improved to 80,000 from 408,000 a year ago.
    • Added 500,000 mobile lines, bringing total mobile lines to nearly 11 million.
    • Closed its $21.9 billion acquisition of Cox Communications and partnered with Comcast to build a T-Mobile 5G mobile network.
    Jul 25, 2025, 1:48 PM
    Charter Communications and Comcast to launch business 5G wireless with T-Mobile
    ·$CHTR
    Product Launch
    New Projects/Investments
    • Charter and Comcast have agreed to a multi-year MVNO deal to launch business-focused wireless services on T-Mobile’s 4G LTE and 5G networks beginning in 2026.
    • The new services, offered under Comcast Business Mobile and Spectrum Mobile for Business, require customers to subscribe to the companies’ broadband service.
    • Existing residential wireless partnerships with Verizon will remain unchanged while the new deal targets only business customers.
    • Together, Charter and Comcast currently serve over 18 million residential and business mobile lines, aiming to bolster their position in broadband and pay-TV markets.
    • Financial terms of the agreement were not disclosed.
    Jul 22, 2025, 10:50 PM
    Charter Communications supplements proxy following Cox acquisition agreement
    ·$CHTR
    M&A
    Legal Proceedings
    Convertible Preferred Issuance
    • May 16, 2025: Charter entered into a Transaction Agreement with Cox Enterprises to acquire Cox’s commercial fiber and managed IT/cloud services businesses and contribute Cox’s residential cable assets to Charter Holdings for $1 plus Charter Holdings convertible preferred units.
    • July 2, 2025: Charter filed and mailed its definitive proxy statement with the SEC relating to the proposed transaction.
    • July 10–11, 2025: Several purported stockholders filed lawsuits and demand letters alleging omissions in the proxy; Charter denies liability but is supplementing the proxy to avoid delays and minimize litigation risks.
    • Financial advisors’ opinions: Citi and LionTree conducted comparable company, transaction multiple and discounted cash flow analyses, deriving implied valuation ranges for Cox Communications and implied per-share equity values for Charter to support their fairness opinions.
    Jul 21, 2025, 12:00 AM
    Charter extends Disney deal to include Hulu in Spectrum TV Select
    ·$CHTR
    • Hulu (With Ads) will be added to all Spectrum TV Select packages at no extra cost starting later this summer.
    • Eight Disney-owned linear channels—Disney Jr, Disney XD, Freeform, FXX, FXM, Nat Geo Wild, Nat Geo Mundo and BabyTV—will return to Spectrum’s lineup.
    • Including Hulu and ESPN’s upcoming streaming service boosts the collective monthly streaming value for TV Select customers to over $100.
    • The expanded, multi-year agreement is financially net positive for both Charter and Disney and is designed to reduce subscriber churn.
    Jun 26, 2025, 2:30 PM
    Charter’s Strategic Expansion & Network Enhancements
    ·$CHTR
    M&A
    New Projects/Investments
    Revenue Acceleration/Inflection
    • Charter Communications announced its transformational combination with Cox Communications, expanding its reach to nearly 70 million passed homes in 46 states .
    • The merger restructures ownership with Cox Enterprises (23%), Advance/Newhouse (10%), and remaining shareholders (67%), targeting a long-term net debt to EBITDA leverage of 3.5x-4.0x .
    • Integration will drive unified pricing, packaging, and operational and network synergies, enhancing mobile and video platforms .
    • Spectrum One delivers a unified connectivity solution combining Internet, advanced WiFi, and mobile—reshaping customer perceptions of wireless as an extension of broadband .
    • The company is deploying CBRS in 23 markets, demonstrating high ROI and effectively offloading cellular traffic through enhanced WiFi attachment .
    • Upgrades with DOCSIS 4 in selected regions aim to offer multi-gig symmetric speeds, supporting long-term margin improvement and superior service quality .
    • Enhanced video offerings, including free premium apps, are reducing churn and boosting ARPU, further strengthening customer retention .
    May 16, 2025, 12:31 PM
    Charter and Cox Announce Transformative Definitive Combination Agreement
    ·$CHTR
    M&A
    Convertible Preferred Issuance
    Debt Issuance
    • Definitive Combination Agreement: Charter Communications and Cox Communications have entered into a definitive agreement to combine their businesses, creating a national leader in communications, broadband, and video entertainment services .
    • Valuation & Structure: The transaction values Cox at approximately $34.5B based on 2025E EBITDA, using a mix of cash, convertible preferred units, and common units that results in Cox holding about 23% of the combined company .
    • Equity & Debt Details: The deal comprises $21.9B in equity and approximately $12.0B–$12.6B in net debt, including the assumption of Cox’s IG debt and new financing for the cash component .
    • Synergies: The merger is expected to deliver nearly $500M in annual transaction cost synergies within three years .
    • Governance & Branding: The integration will involve governance changes and brand consolidation under the Spectrum name .
    May 16, 2025, 12:30 PM