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Charter Communications Reports Decline in Internet Customers

Charter Communications, Inc. (along with its subsidiaries, the “Company” or “Charter”) has reported its financial and operating results for the three and twelve months ended December 31, 2025. Let's delve into the numbers.

In the fourth quarter of 2025, Charter served 29.7 million internet customers, representing a decline of 119,000 from the previous quarter. However, the total mobile lines increased by 428,000, reaching 11.8 million as of December 31, 2025.

The company's revenue for the fourth quarter of 2025 declined by 2.3% year-over-year to $13.6 billion, driven by lower residential video and political advertising revenues. However, residential connectivity revenue grew by 2.3% year-over-year.

Net income attributable to Charter shareholders totaled $1.3 billion in the fourth quarter and $5.0 billion for the full year 2025. Adjusted EBITDA for the fourth quarter was $5.7 billion, representing a 1.2% decrease year-over-year. However, for the full year 2025, adjusted EBITDA totaled $22.7 billion, 0.6% higher than in 2024.

Capital expenditures for the year ended December 31, 2025, totaled $11.7 billion, including $3.9 billion of line extensions. Additionally, net cash flows from operating activities totaled $16.1 billion for the full year 2025, compared to $14.4 billion in 2024. Free cash flow for the full year 2025 increased to $5.0 billion from $4.3 billion in the prior year.

In the fourth quarter of 2025, Charter purchased 17.1 million shares of Charter class A common stock and Charter Holdings common units for approximately $5.4 billion.

In terms of customer relationships, as of December 31, 2025, Charter had a total of 31.8 million customer relationships and 30.6 million connectivity customers.

Looking at specific services, the company's residential revenue totaled $10.4 billion in the fourth quarter, a decrease of 2.4% year-over-year. However, fourth quarter 2025 monthly residential revenue per residential customer totaled $117.19, a decrease of 1.2% compared to the prior year period.

The revenue from internet services for the fourth quarter of 2025 grew by 0.7% year-over-year to $5.9 billion, driven by promotional rate step-ups and rate adjustments. Meanwhile, mobile service revenue totaled $973 million, an increase of 13.1% year-over-year, driven by mobile line growth.

On another note, total video customers increased by 44,000 in the fourth quarter of 2025, compared to a decline of 123,000 in the fourth quarter of 2024. Additionally, during the fourth quarter of 2025, total wireline voice customers declined by 140,000, compared to a decline of 274,000 in the fourth quarter of 2024.

Today the company's shares have moved -2.49% to a price of $189.76. For more information, read the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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