Overview
- 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.