Charter Communications Inc - Class A
Q2 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: +1.27%.
Did CHTR Beat Earnings? Q2 2025 Results
Charter Communications delivered a mixed second quarter for 2025, with earnings falling short of expectations even as revenue held its ground. Diluted EPS of $9.18 missed the $9.66 consensus estimate by 4.96%, though the figure still marked a meaningful improvement from $8.49 in the year-ago period. Revenue of $13.77 billion edged just above the $13.76 billion consensus, rising 0.6% year-over-year, as explosive mobile momentum, with service revenue surging 24.9% to $921 million and 500,000 net line additions in the quarter, helped offset continued pressure in broadband and video. The net loss of 117,000 internet subscribers, while an improvement from last year's 149,000 decline, remained a focal point for investors, and a securities class action lawsuit alleging misleading disclosures around broadband customer losses added further turbulence following the report. Adjusted EBITDA grew modestly to $5.69 billion, with margins flat at 41.4%. Looking ahead, Charter trimmed its full-year capital expenditure guidance to approximately $11.50 billion from $12.00 billion, citing timing shifts in network evolution spend, while its landmark combination with Cox Communications signals a broader strategic pivot toward scaled convergence.
- Mobile service revenue growth of 24.9% driven by mobile line growth
- Internet revenue growth of 2.8% driven by promotional rate step-ups, rate adjustments and favorable bundled revenue allocation
- Other revenue growth of 18.9% driven by higher mobile device sales and a one-time benefit
- New pricing and packaging strategy launched September 2024 slowed video customer losses
- Monthly residential revenue per customer increased 1.7% year-over-year to $122.86
- Lower interest expense contributed to higher net income
“Our converged connectivity revenue grew by over 5% in the second quarter, with a long runway for growth. Our seamless connectivity products offer the fastest speeds at the best price. And our strategic investments in network evolution and convergence, rural build, U.S.-based service and seamless entertainment innovation, will accelerate future customer and revenue growth.”
Charter Communications CEO, on the earnings call
Forward Guidance & Outlook
Charter revised its full-year 2025 capital expenditures guidance downward to approximately $11.5 billion from a prior expectation of approximately $12.0 billion, primarily reflecting the timing of network evolution spend and lower commercial and subsidized rural line extensions spend. The company expects strategic investments in network evolution and convergence, rural build, U.S.-based service and seamless entertainment innovation to accelerate future customer and revenue growth. Charter's video evolution strategy includes launching additional programmer streaming applications (ESPN Unlimited, Hulu, Discovery+, BET+) later in 2025, and in July 2025 the company launched a suite of a-la-carte streaming application options for broadband customers.
CHTR YoY Financials
CHTR Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.