Charter Communications posted third‑quarter 2025 revenue of $13.672 billion, a 0.9% year‑over‑year decline from $13.795 billion. Net income attributable to shareholders fell 11.2% to $1.137 billion from $1.280 billion, while adjusted EBITDA slipped 1.5% to $5.561 billion from $5.647 billion.
Internet revenue increased 1.7% to $5.971 billion, driven by higher broadband usage among existing customers. Mobile service revenue grew 19.2% to $954 million, reflecting the expansion of Spectrum Mobile and new line additions. Connectivity revenue rose 3.8% to $6.925 billion, supported by growth in data center and enterprise services. Video revenue fell 9.3% to $3.388 billion, as the company continues to lose subscribers to streaming alternatives. Voice revenue declined 7.9% to $332 million, and advertising sales dropped 21.3% to $356 million after the loss of political advertising contracts.
Total customer relationships declined 2.0% to 31.058 million, with residential customers down 2.1% and small‑business customers down 1.1%. Mobile lines grew 21.8% to 11.390 million, while video customers fell 3.5% to 12.561 million and voice customers fell 13.6% to 6.186 million.
Capital expenditures increased 19.0% to $3.051 billion, reflecting continued investment in network evolution and rural expansion. Net cash flow from operating activities rose 14.7% to $4.480 billion, and free cash flow held steady at $1.621 billion. The company reaffirmed its 2025 capital‑expenditure guidance of approximately $11.5 billion.
Management cited a combination of higher operating expenses, the pending Cox Communications acquisition, and the expiration of the Affordable Connectivity Program as factors contributing to the decline in net income and customer losses. The company also highlighted ongoing efforts to shift its video portfolio toward streaming‑based offerings and to leverage its broadband customer base to drive mobile growth.
The results fell short of consensus estimates, with revenue below the $13.75 billion forecast and earnings per share below the $2.10 expectation, reflecting the impact of competitive pressures and the company's investment strategy.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.