Charter Communications Exceeds Q4 2024 Expectations with Strong Mobile Growth

Despite broadband and video subscriber losses, Charter's revenue and EPS outperformed forecasts, driven by mobile and advertising gains.

Charter Communications reported Q4 2024 revenue of $13.93 billion, surpassing the $13.88 billion analyst consensus, with EPS of $10.10 exceeding the $9.22 forecast.
The company added 529,000 mobile lines, a 37% increase in residential mobile service revenue, reaching 9.9 million total mobile lines by the end of 2024.
Broadband subscriber losses totaled 177,000, attributed to the expiration of FCC Affordable Connectivity Program subsidies, while video subscribers declined by 123,000.
Adjusted EBITDA margin expanded to 41.4%, and annual capital expenditures reached $11.27 billion, with a projected $12 billion investment for 2025 focused on network upgrades and rural expansion.
Charter's stock rose 4.57% in premarket trading following the earnings release, though it has declined 9% over the past 12 months.