Zinger Key Points
- Charter Q4 revenue rose 1.6% to $13.93B, EPS beat at $10.10 vs. $9.22 expected, stock gained post-earnings.
- Charter lost 177K internet customers as FCC subsidies ended, mobile lines grew by 529K, reaching 9.9M total.
Charter Communications Inc CHTR reported fiscal fourth-quarter 2024 revenue growth of 1.6% year-on-year to $13.93 billion, beating the analyst consensus estimate of $13.88 billion.
EPS of $10.10 beat the analyst consensus estimate of $9.22. The stock price gained after the results.
The topline performance reflects residential mobile service revenue growth of 37.4%, advertising sales revenue growth of 26.4%, other revenue growth of 14.6%, and residential Internet revenue growth of 0.9%.
Charter lost 177,000 residential Internet customers, driven by the end of the FCC’s Affordable Connectivity Program (“ACP”) subsidies, compared to 61,000 losses last year.
Residential video customers decreased by 123,000 compared to 257,000 in the prior year.
Total mobile lines increased by 529,000 during the quarter, reaching 9.9 million as of December 31, 2024.
Adjusted EBITDA margin expanded by 80 bps to 41.4%.
The quarterly free cash flow of $984 million declined from $1.06 billion in the prior year, driven by lower net cash flows from operating activities and higher capital expenditures.
As of December 31, Charter served 30.08 million residential and SMB Internet customers.
Net cash flow from operating activities totaled $3.46 billion. As of December 31, 2024, the company held $459 million in cash and equivalents.
CEO Chris Winfrey noted that the company’s multi-year investments in network evolution, expansion, and execution deliver tangible results.
2025 Outlook: Charter Communications expects a capex of $12 billion (versus $11.27 billion in fiscal 2024).
Charter Communications stock lost over 9% in the last 12 months. Last December, KeyBanc analyst Brandon Nispel upgraded the stock rating, citing modestly better underlying Broadband subscriber trends and acceleration of Rural net adds.
CHTR Price Action: Charter Communications stock is up 4.57% at $352.00 premarket at the last check on Friday.
Also Read:
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
