Overview
- Revenue fell 0.9% year over year to $13.67 billion, below the $13.74 billion consensus, and EPS of $8.34 missed the $9.37 estimate.
- Charter lost 109,000 internet customers and 70,000 video customers, while total mobile lines grew by 493,000 to 11.4 million.
- Adjusted EBITDA margin slipped 20 basis points to 40.7%, and free cash flow totaled $1.62 billion with operating cash flow of $4.5 billion.
- Capital expenditures are now projected at roughly $11.5 billion for 2025, reduced from a prior $12 billion outlook and compared with $11.3 billion in 2024.
- Shares were down about 2.3% to $225.67 in early trading, hovering near a 52-week low.