Financial Data and Key Metrics Changes - Revenue increased slightly year over year, with consolidated second quarter revenue up by 0.6% [26] - EBITDA grew by 0.5% year over year, with expectations for full-year EBITDA growth [5][29] - Net income attributable to Charter shareholders was $1.3 billion in the second quarter, compared to $1.2 billion last year [30] - Free cash flow totaled $1 billion, a decline of $250 million year over year, primarily due to higher cash taxes and interest [32] Business Line Data and Key Metrics Changes - Spectrum Mobile added 500,000 lines in the quarter, with a total of 2.1 million lines added over the last twelve months, representing nearly 25% growth [4] - Internet customer losses improved to 117,000 from 149,000 last year, while video customer losses improved fivefold year over year to 80,000 [4][22] - Residential revenue per customer relationship grew by 1.7% year over year, despite a 2.1% decline in residential customers [24] Market Data and Key Metrics Changes - Total commercial revenue grew by 0.8% year over year, with mid-market and large business revenue growth of 2.9% [25] - Advertising revenue declined by 6.7%, impacted by less political revenue [26] - Rural market success included activation of the one millionth subsidized rural passing, with 47,000 net customer additions in the rural footprint during the quarter [23] Company Strategy and Development Direction - The company aims to enhance its video product offerings and integrate streaming applications to improve customer experience and retention [6][68] - A long-term MVNO relationship with T-Mobile was announced to enhance Spectrum's business package and accelerate mobile growth [12] - The acquisition of Cox Communications is expected to provide significant benefits for customers and shareholders, enhancing competitive positioning [19][20] Management's Comments on Operating Environment and Future Outlook - The operating environment remains competitive, but the company is confident in returning to Internet customer growth through its strategy of delivering high-quality networks and products [5][18] - Management highlighted the importance of investments in technology and customer service to create a competitive advantage [14][15] - The company expects to see a surge in free cash flow as capital intensity declines post-2025 [37] Other Important Information - Capital expenditures totaled approximately $2.9 billion in the second quarter, with expectations for total capital expenditures in 2025 to reach around $11.5 billion [31] - The company finished the second quarter with $94.3 billion in debt principal, with a weighted average cost of debt at 5.2% [34] Q&A Session Summary Question: Can you discuss the T-Mobile deal and its implications? - Management expressed excitement about the strategic relationship with T-Mobile, emphasizing the potential for growth in the small and medium business space [40][42] Question: What are the expectations for cash tax savings in 2026? - Management indicated that cash tax savings in 2026 could be similar to or slightly larger than those in 2025, with significant overall free cash flow benefits expected [50][53] Question: What is driving the improvement in video subscriber trends? - Management noted that improvements are due to higher sales, lower churn, and better upgrades, with a focus on bundling video with Internet services [100]

Company Performance - Charter Communications reported quarterly earnings of $9.18 per share, missing the Zacks Consensus Estimate of $10.05 per share, but showing an increase from $8.49 per share a year ago, representing an earnings surprise of -8.66% [1] - The company posted revenues of $13.77 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.08%, and showing a slight increase from $13.69 billion year-over-year [2] - Over the last four quarters, Charter has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2] Stock Outlook - Charter shares have increased approximately 10.9% since the beginning of the year, outperforming the S&P 500's gain of 8.2% [3] - The current consensus EPS estimate for the upcoming quarter is $9.81 on revenues of $13.81 billion, and for the current fiscal year, it is $39.52 on revenues of $55.27 billion [7] - The estimate revisions trend for Charter was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Cable Television industry, to which Charter belongs, is currently ranked in the bottom 26% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment and stock performance [5]

Financial Performance - Charter's total revenue for 2Q25 was $13.8 billion, a 0.6% increase year-over-year[8][34] - Adjusted EBITDA for 2Q25 reached $5.7 billion, reflecting a 0.5% year-over-year growth[8][37] - Capital expenditures totaled $2.9 billion in 2Q25, up 0.7% year-over-year[8] - Free cash flow for 2Q25 was $1.046 billion[42] - Net leverage in 2Q25 was 4.10x, or 4.18x pro forma for the Liberty Broadband transaction[41] Customer Metrics - Total customer relationships decreased to 31.2 million in 2Q25, a 2.0% decrease year-over-year[24][29] - Internet customers totaled 29.9 million in 2Q25, a 1.5% decrease year-over-year[29] - Mobile lines increased to 10.9 million in 2Q25, a 24% increase year-over-year[28][31] - Video customers decreased to 12.6 million in 2Q25, a 5.1% decrease year-over-year[31] Strategic Initiatives and Network - Charter has approximately 58 million passings in 41 states[11] - The company has over 47 million national wireless access points[11] - Average monthly data usage per household is approximately 810GB[13] Share Repurchases - Charter repurchased 4.5 million common shares and units in 2Q25 at an average price of $375, totaling $1.7 billion[42][43] - Since September 2016, Charter has repurchased 169.2 million common shares and units for a total value of $75.8 billion[43] - In 2Q25, 1.4% of fully diluted shares outstanding were repurchased[42][43]

SECURITIES AND EXCHANGE COMMISSION UNITED STATES Washington, D.C. 20549 ______________ FORM 10-Q ______________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number: 001-33664 Charter Communications, Inc. (Exact name of registrant as specified in its charter) | Delawa ...

Charter Announces Second Quarter 2025 Results Stamford, Connecticut - July 25, 2025 - Charter Communications, Inc. (along with its subsidiaries, the "Company" or "Charter"), which operates the Spectrum brand, today reported financial and operating results for the three and six months ended June 30, 2025. "Our converged connectivity revenue grew by over 5% in the second quarter, with a long runway for growth." said Chris Winfrey, President and CEO of Charter. "Our seamless connectivity products offer the fas ...

Core Insights - Charter Communications reported a revenue growth of 0.6% year-over-year for the second quarter of 2025, totaling $13.8 billion, driven by increases in residential mobile service and Internet revenues [4][16][52] - The company experienced a decline in total customer relationships by 2.0% year-over-year, with a total of 31.2 million customer relationships as of June 30, 2025 [3][4] - Adjusted EBITDA for the second quarter was $5.7 billion, reflecting a 0.5% increase year-over-year, while net income attributable to Charter shareholders rose to $1.3 billion [4][28][31] Financial Performance - Total revenues for the second quarter of 2025 were $13.8 billion, up from $13.7 billion in the same quarter of 2024, with notable growth in mobile service revenue by 24.9% and Internet revenue by 2.8% [4][16][19][21] - Video revenue decreased by 9.9% year-over-year to $3.5 billion, attributed to a decline in video customers and a higher mix of lower-priced video packages [20][52] - Free cash flow decreased to $1.0 billion from $1.3 billion in the prior year, primarily due to unfavorable changes in mobile device working capital [4][35] Customer Metrics - As of June 30, 2025, Charter served approximately 29.9 million Internet customers, a decrease of 117,000 from the previous quarter [4][7] - Total mobile lines increased by 500,000 in the second quarter, reaching 10.9 million, indicating strong growth in mobile services [4][9] - Total video customers decreased by 80,000, showing an improvement compared to a decline of 408,000 in the same quarter of 2024 [8][4] Operational Highlights - Charter's estimated passings increased by 2.5% year-over-year to 57.5 million, indicating expansion in service availability [3] - The company activated 123,000 subsidized rural passings during the second quarter, contributing to customer relationship growth in underserved areas [11] - Spectrum launched a new pricing strategy in September 2024, which has begun to yield positive results in customer retention and service adoption [6][8] Capital Expenditures and Investments - Capital expenditures for the second quarter totaled $2.9 billion, with expectations for full-year 2025 capital expenditures to be approximately $11.5 billion [4][32][33] - The company repurchased 4.5 million shares of its common stock for $1.7 billion during the quarter, reflecting a commitment to returning value to shareholders [4][37] Strategic Initiatives - Charter is focusing on network evolution and convergence, with investments aimed at enhancing service offerings and customer experience [2][4] - The company announced a definitive agreement with Cox Communications to combine their businesses, aiming to create a leader in mobile and broadband communications [4]

Earnings Report - Charter Communications is set to release its second-quarter earnings results on July 25, with expected earnings of $9.78 per share, an increase from $8.49 per share in the same period last year [1] - The company projects quarterly revenue of $13.76 billion, slightly up from $13.69 billion a year earlier [1] Recent Developments - On July 22, Charter and Comcast announced a partnership to utilize T-Mobile 5G for their wireless business customers [2] - Following this announcement, Charter Communications shares fell by 4.6%, closing at $380.00 [2] Analyst Ratings - UBS analyst John Hodulik maintained a Neutral rating and raised the price target from $400 to $425 [4] - Loop Capital analyst Alan Gould upgraded the stock from Hold to Buy, increasing the price target from $430 to $510 [4] - Citigroup analyst Michael Rollins maintained a Buy rating and raised the price target from $425 to $445 [4] - Wells Fargo analyst Steven Cahall maintained an Equal-Weight rating and increased the price target from $380 to $400 [4] - Morgan Stanley analyst Benjamin Swinburne maintained an Equal-Weight rating and raised the price target from $385 to $415 [4]

分组1 - Charter Communications is set to release its fiscal second-quarter earnings on July 25, 2025, with expected earnings of $9.70 per share and revenue of $13.75 billion, indicating a 13% increase in earnings compared to last year [1] - The company has entered into a $34.5 billion merger agreement with Cox Communications, aimed at enhancing competition against streaming and wireless operators, with the merger expected to finalize by mid-2026 [1] - Historical data shows that Charter's stock has risen 55% of the time on the day following earnings announcements, with a median increase of 4.8% and maximum one-day gains reaching 17% [1][5] 分组2 - Over the last five years, Charter has recorded 20 earnings data points, with 11 positive and 9 negative one-day returns, resulting in positive returns approximately 55% of the time [5] - The median of the 11 positive returns is 4.8%, while the median of the 9 negative returns is -4.4% [5] - Analyzing the correlation between short-term and medium-term returns following earnings can provide a lower-risk trading strategy, particularly if a strong correlation exists [6]

Core Points - The EverPass app has been launched on the Xumo Stream Box for Spectrum Business TV customers, providing access to NFL Sunday Ticket and Peacock Sports Pass alongside over 45 sports networks [1][2] - This offering builds on an existing partnership between EverPass and Spectrum, which began in 2024, and represents the first commercial sports streaming app on Xumo's platform [2] - The combination of Spectrum TV App, Xumo Stream Box for Business, and EverPass offers a comprehensive live sports streaming experience, including access to NFL, college football, NBA, NHL, and MLB games [2][3] Company Overview - EverPass Media is a premier streaming platform dedicated to commercial businesses, providing access to live sports and entertainment content, and offering marketing tools for bars, restaurants, and hotels [6] - Spectrum is a suite of advanced communications services offered by Charter Communications, available to over 57 million homes and businesses in 41 states, providing a range of services including internet, TV, mobile, and voice [8] - Xumo, a joint venture between Comcast and Charter Communications, focuses on developing a next-generation streaming platform, with services including Xumo devices, Xumo Play, and Xumo Enterprise [11]

Core Viewpoint - Charter Communications (CHTR) is expected to report quarterly earnings of $10.05 per share, reflecting an 18.4% year-over-year increase, with revenues projected at $13.76 billion, a 0.5% increase compared to the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised down by 0.1% in the last 30 days, indicating a reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts estimate 'Revenues- Residential- Total' to be $10.79 billion, indicating a year-over-year change of +0.3% [4]. - 'Revenues- Residential- Video' is projected to reach $3.58 billion, reflecting a -7.5% change from the previous year [5]. - 'Revenues- Advertising sales' are expected to be $351.44 million, down by -11.5% year-over-year [5]. - 'Revenues- Residential- Mobile service' is forecasted at $969.73 million, showing a significant increase of +31.6% year-over-year [5]. Customer Metrics - Total Mobile Lines are estimated at 10.91 million, up from 8.81 million in the same quarter last year [5]. - Total Mobile Lines - Net Additions are predicted at 515.47 thousand, compared to 557.00 thousand in the previous year [6]. - Total Video Customers are expected to be 12.48 million, down from 13.31 million year-over-year [6]. - Total Internet Customers are projected at 29.93 million, a decrease from 30.37 million in the previous year [7]. - Total Voice Customers are expected to reach 6.35 million, down from 7.45 million year-over-year [7]. - Estimated Passings stand at 57.54 million, slightly down from 57.77 million [8]. - Residential - Customer Relationships are expected to be 29.07 million, compared to 29.62 million in the same quarter last year [8]. Stock Performance - Over the past month, Charter's shares have returned -0.9%, while the Zacks S&P 500 composite has increased by +5.9% [8].