Financial Performance - Fourth quarter total revenue increased by 1.6% year-over-year to $13.9 billion, driven by residential mobile service revenue growth of 37.4% and advertising sales revenue growth of 26.4%[12][17] - Fourth quarter Adjusted EBITDA was $5.8 billion, reflecting a year-over-year growth of 3.4%[3][10] - For the year ended December 31, 2024, net income attributable to Charter shareholders totaled $5.1 billion, with fourth quarter net income at $1.5 billion, a 38.6% increase year-over-year[3][10] - Fourth quarter advertising sales revenue of $540 million increased by 26.4% year-over-year, primarily driven by higher political revenue[20] - Consolidated net income for the year ended December 31, 2024, was $5,853 million, up from $5,261 million in 2023[56] - Basic earnings per share for Q4 2024 was $10.32, a 42.9% increase from $7.23 in Q4 2023[51] Customer Metrics - As of December 31, 2024, Charter served 30.1 million Internet customers, a decrease of 177,000 in the fourth quarter, primarily due to the end of the FCC's Affordable Connectivity Program and hurricane impacts[3][6] - Total customer relationships decreased by 215 in Q4 2024, down from a decrease of 149 in Q3 2024 and a decrease of 110 in Q4 2023, resulting in a total of 31,473 customer relationships[59] - Residential customer relationships penetration dropped to 55.4% in Q4 2024 from 56.0% in Q3 2024 and 58.1% in Q4 2023[59] - Total Internet customers decreased by 177 in Q4 2024, compared to a decrease of 110 in Q3 2024 and a decrease of 61 in Q4 2023, totaling 30,080[59] - Total video customers decreased by 123 in Q4 2024, down from a decrease of 294 in Q3 2024 and a decrease of 257 in Q4 2023, resulting in 12,892 total video customers[59] - Total mobile lines increased by 529 in Q4 2024, compared to an increase of 545 in Q3 2024 and an increase of 546 in Q4 2023, totaling 9,883[59] Revenue Streams - Mobile service revenue grew by 37.4% in Q4 2024, reaching $860 million, up from $626 million in Q4 2023[48] - Commercial revenue increased by 1.9% year-over-year to $1.8 billion, driven by enterprise and SMB revenue growth of 4.4% and 0.3% year-over-year, respectively[19] - Other revenue totaled $884 million in the fourth quarter, an increase of 14.6% year-over-year, primarily driven by higher mobile device sales[20] Capital Expenditures - Fourth quarter capital expenditures totaled $3.1 billion, including $4.2 billion for line extensions throughout 2024[3][10] - Capital expenditures totaled $3.1 billion in the fourth quarter of 2024, an increase of $206 million compared to the fourth quarter of 2023[28] - Charter expects full year 2025 capital expenditures to total approximately $12 billion, including line extensions capital expenditures of approximately $4.2 billion[29] - Total capital expenditures for Q4 2024 were $3,062 million, an increase from $2,856 million in Q4 2023, with total capital expenditures for the year reaching $11,269 million compared to $11,115 million in 2023[61] - Total line extensions capital expenditures were $1,057 million in Q4 2024, compared to $978 million in Q4 2023, with total line extensions for the year reaching $4,216 million compared to $4,015 million in 2023[61] Cash Flow and Debt - Full year 2024 free cash flow increased to $4.3 billion from $3.5 billion in the prior year, primarily due to higher Adjusted EBITDA[3][10] - Free cash flow in the fourth quarter of 2024 totaled $984 million, a decrease of $77 million compared to the fourth quarter of 2023[31] - As of December 31, 2024, total principal amount of debt was $93.8 billion, with additional liquidity of approximately $6.3 billion[32] - Long-term debt decreased to $92,134 million from $95,777 million year-over-year[54] Operational Efficiency - Operating costs decreased by 9.1% year-over-year, reflecting fewer video customers and a higher mix of lower-cost packages[21] - Monthly residential revenue per customer was $121.40 in Q4 2024, slightly down from $121.47 in Q3 2024 and up from $119.41 in Q4 2023[59] Brand and Market Strategy - Spectrum launched a new brand platform, "Life Unlimited," in September 2024, focusing on advanced network capabilities and simplified pricing strategies[5] - Charter activated 117,000 subsidized rural passings in the fourth quarter, contributing to a total of 393,000 in 2024, as part of efforts to expand Internet access to underserved communities[8]

Core Viewpoint - Charter Communications (CHTR) is expected to report its fourth-quarter 2024 results on January 31, with revenue estimates indicating a slight increase compared to the previous year [1][2]. Financial Performance - The Zacks Consensus Estimate for fourth-quarter 2024 revenues is $13.88 billion, reflecting a 1.23% increase from the same quarter last year [2]. - The consensus estimate for earnings is $9.54 per share, which represents a 34.94% year-over-year growth, having increased by 0.95% over the past week [2]. Recent Performance Trends - CHTR has beaten the Zacks Consensus Estimate for earnings in two of the last four quarters, with an average negative surprise of 1.44% [3]. Growth Drivers - Charter Spectrum added 545,000 new mobile lines in Q3 2024, driven by high port-ins and increased adoption of unlimited plans, contributing to top-line growth in Q4 [5]. - The revamped pricing and packaging strategy, including attractive bundling options, is expected to drive higher sales and reduce churn [6]. - Partnerships with content providers like Warner Bros. Discovery and Comcast have enhanced customer retention and bundle penetration [7][8]. Challenges - The expiration of the Affordable Connectivity Program in June 2024 has led to an estimated 100,000 incremental non-pay disconnects, impacting Q4 results [9]. - Service outages caused by hurricanes Helene and Milton in Q3 are expected to have lingering effects, including additional operating expenses and revenue offsets [10]. - The ongoing decline in traditional video and wireline voice services has created pressure on CHTR's top line, with a decrease of 294,000 video customers and 288,000 wireline voice customers in Q3 [11]. Strategic Initiatives - Charter Spectrum launched Gigabit Internet and other services in several states as part of its rural broadband expansion, which is likely to positively impact Q4 revenues [13]. - An acquisition agreement with Liberty Broadband is expected to strengthen CHTR's prospects in the upcoming quarter [14]. - The launch of Spectrum Ready for multifamily properties aims to enhance service activation and is anticipated to boost revenues [15].

This earnings season, media companies' results are expected to mirror consumers' growing appetite for over-the-top content consumption. The rise of streaming platforms has led audiences to abandon traditional cable and satellite TV subscriptions in favor of on-demand viewing.The industry faces significant headwinds from declining broadcast television ratings and reduced demand for theatrical content sales. Advertisers' reluctant spending amid inflation and higher interest rate concerns have compounded these ...

Michael (Mike) Dion is an FP&A, Corporate Finance, and Small Business expert who spent the last 12 years working in the Fortune 100, building a startup's finance and accounting department, advising small businesses, and guiding non-profit organizations as a board member. He has finance experience across multiple industries, including Telecom, Media and Entertainment, Hospitality, and Construction. He founded F9 Finance, a website that helps Finance professionals accelerate their careers; and simplifies Fina ...

Charter Communications (CHTR) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...

Core Insights - Charter Communications, Inc. has awarded over $1.5 million in scholarships through its Spectrum Scholars program since 2020, now accepting applications for its fifth class [1][7] - Each of the 15 selected students for the 2025-2026 class will receive a $20,000 scholarship, distributed between their junior and senior years, along with a two-year professional development program [2][7] - The program includes mentorship from Spectrum employees and a paid internship, recognized for excellence in internship programming [2][3] Program Details - Spectrum Scholars is designed to provide real-world learning experiences and career exploration opportunities [3] - Scholars will meet with mentors to discuss professional goals and participate in a 10-week paid internship at various corporate offices [3][4] - Successful internships may lead to full-time employment with Spectrum post-graduation [3][4] Application Information - Applications for the 2025 Spectrum Scholars program are open until April 4, 2025, with winners announced in the summer [5][7] - More information regarding eligibility and selection criteria is available through the company's official channels [5][7] Company Overview - Spectrum, a brand of Charter Communications, offers advanced communications services to over 58 million homes and businesses across 41 states [6] - The company provides a full range of residential and business services, including Spectrum Internet®, TV, Mobile, and Voice [6] - Spectrum Business® and Spectrum Enterprise offer tailored broadband products and services for small, medium, and large businesses [7]

Including $500,000 in Cash Contributions, $1 Million to be Invested in Area Small Businesses, and $1 Million in PSAs to Support Relief Organizations Key Takeaways: Spectrum commits $2.5 million to support wildfire relief efforts and will activate existing community-based programs, including Spectrum Community Center Assist to provide additional support to impacted communities. More than 35,000 Spectrum WiFi Access Points have been opened to the public free of charge to help keep communities connected. Spe ...

Core Viewpoint - Charter Communications, Inc. will host a webcast on January 31, 2025, to discuss its financial and operating results for the quarter and year ended December 31, 2024 [1]. Company Overview - Charter Communications, Inc. is a leading broadband connectivity company and cable operator, serving over 58 million homes and businesses across 41 states under the Spectrum brand [3]. - The company offers a comprehensive range of residential and business services, including Spectrum Internet®, TV, Mobile, and Voice, through an advanced communications network [3]. - For small and medium-sized businesses, Spectrum Business® provides a suite of broadband products and services with additional features to enhance productivity, while Spectrum Enterprise® offers customized, fiber-based solutions for larger businesses and government entities [4]. - Spectrum Reach® delivers tailored advertising and production services, and the company also provides award-winning news coverage and sports programming through Spectrum Networks [4].

NEW YORK, Nov. 13, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Liberty Broadband Corporation (NASDAQ: LBRDA) and its board of directors concerning the proposed acquisition of the company by Charter Communications, Inc. (NASDAQ: CHTR). Stockholders will receive 0.236 shares of Charter Communications common stock for each share of Liberty Broadband stock that they hold. The transaction is expected to close by the end of the second quarter of 2027.If you are a s ...

STAMFORD, Conn., Nov. 11, 2024 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") today announced that Christopher Winfrey, President and Chief Executive Officer, will participate in Liberty Media Corporation's annual Investor Meeting in New York, New York on Thursday, November 14, 2024. Mr. Winfrey's remarks are scheduled to begin at approximately 1:40 p.m. ET. Mr. Winfrey will also participate in a Q&A session beginning at approximately 2:30 p.m. ET.A live ...