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Charter Communications logoCharter Communications CHTR

The company said revenue for Q4 2024 was $13.9 billion, up 1.6% year-over-year, and full-year revenue was $55.1 billion, up 0.9%. It cited residential mobile service revenue growth of 37.4% and advertising sales revenue growth of 26.4% as drivers of revenue growth in Q4.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said revenue for Q4 2024 was $13.9 billion, up 1.6% year-over-year, and full-year revenue was $55.1 billion, up 0.9%. It cited residential mobile service revenue growth of 37.4% and advertising sales revenue growth of 26.4% as drivers of revenue growth in Q4.

  2. Charter said total Internet customers decreased by 177,000 in Q4, to 30.1 million as of December 31, 2024, and mobile lines increased by 529,000, to 9.9 million. It cited the end of the ACP and the impact of hurricanes in Q4 as factors in the Internet customer decline.

  3. The company said net income attributable to Charter shareholders was $1.5 billion in Q4 and $5.1 billion for the full year. Adjusted EBITDA for Q4 was $5.8 billion, up 3.4%. Full-year Adjusted EBITDA was $22.6 billion, 3.1% higher than in 2023.

  4. The company said full-year 2024 free cash flow was $4.3 billion, up from $3.5 billion in the prior year. Full-year capital expenditures were $11.3 billion, and the company said it expects capital expenditures for 2025 to total approximately $12 billion.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

Q4 Revenue $13.9 billion, Full-Year Revenue $55.1 billion

The company said revenue for Q4 2024 was $13.9 billion, up 1.6% year-over-year, and full-year revenue was $55.1 billion, up 0.9%. It cited residential mobile service revenue growth of 37.4% and advertising sales revenue growth of 26.4% as drivers of revenue growth in Q4.

Source · Based on the filing body and exhibits

Q4 Internet Customer Decline and Mobile Line Growth

Charter said total Internet customers decreased by 177,000 in Q4, to 30.1 million as of December 31, 2024, and mobile lines increased by 529,000, to 9.9 million. It cited the end of the ACP and the impact of hurricanes in Q4 as factors in the Internet customer decline.

Source · Based on the filing body and exhibits

Net Income and Adjusted EBITDA

The company said net income attributable to Charter shareholders was $1.5 billion in Q4 and $5.1 billion for the full year. Adjusted EBITDA for Q4 was $5.8 billion, up 3.4%. Full-year Adjusted EBITDA was $22.6 billion, 3.1% higher than in 2023.

Source · Based on the filing body and exhibits

Full-Year Free Cash Flow and Capital Expenditures

The company said full-year 2024 free cash flow was $4.3 billion, up from $3.5 billion in the prior year. Full-year capital expenditures were $11.3 billion, and the company said it expects capital expenditures for 2025 to total approximately $12 billion.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.