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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 .
- Internet - Provides high-speed broadband services to residential and business customers, forming the backbone of Charter's connectivity offerings.
- Video - Offers a variety of television services, including cable TV packages with a wide range of channels and on-demand content.
- Mobile Service - Delivers mobile phone services with flexible plans and nationwide coverage under the Spectrum brand.
- Voice - Supplies residential and business voice services, including landline and VoIP options for clear and reliable communication.
- Others - Encompasses additional services such as tailored advertising and production services through Spectrum Reach, and award-winning news and sports programming via Spectrum Networks.
| Name | Position | External Roles | Short 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. |
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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?
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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?
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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?
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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?
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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?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
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. |
Recent press releases and 8-K filings for CHTR.
- Significant network investments are underway including a major CapEx cycle with plans to build 450,000 rural passings and accelerate the network evolution towards distributed access architecture.
- The launch of Life Unlimited is a key strategic move aimed at driving bundled product uptake, improving ARPU, and enhancing tier take rates across broadband and mobile services.
- The company is leveraging its convergence strategy by integrating high-speed broadband with robust mobile offerings, which has led to strong mobile net adds and improved relative churn metrics.
- Updated CapEx guidance projects a peak of approximately $12 billion in 2025 and a return to steady state below $8 billion by 2028, alongside maintaining target leverage in conjunction with the Liberty Broadband merger and prioritizing accretive M&A.