# Charter Communications, Inc. (CHTR) Q2 2025 Financial Results Summary
Charter Communications, Inc. (CHTR) released its financial results for the second quarter ended June 30, 2025, on July 25, 2025.
## Key Financial Highlights
– **Revenue**:
– Total revenue reached **$13.8 billion**, reflecting a **0.6% increase year-over-year**.
– Residential mobile service revenue grew by **24.9%** to **$921 million**.
– Residential Internet revenue increased by **2.8%** to **$5.97 billion**.
– Other revenue surged by **18.9%** to **$839 million**.
– Video revenue declined by **9.9% year-over-year** to **$3.5 billion**.
– Residential revenue slightly decreased by **0.4%** to **$10.7 billion**.
– **Net Income**:
– Net income attributable to Charter shareholders stood at **$1.3 billion**, up by **5.7%** compared to **$1.2 billion** in Q2 2024.
– The net income margin improved to **9.4%**, up from **9.0%** year-over-year.
– **Adjusted EBITDA**:
– Adjusted EBITDA for Q2 was **$5.7 billion**, showing a **0.5% increase** year-over-year.
– **Free Cash Flow**:
– Free cash flow decreased to **$1.0 billion**, down **19.3%** from **$1.3 billion** in the previous year.
## Customer Metrics
– **Internet Customers**:
– Total Internet customers decreased by **117,000**, reaching **29.9 million**.
– The year-over-year decline in Internet customers in Q2 2024 was **149,000**.
– **Mobile Lines**:
– Total mobile lines increased by **500,000** to reach **10.9 million**.
– This compares to a growth of **557,000** in Q2 2024.
– **Customer Relationships**:
– Total customer relationships as of June 30, 2025, was **31.2 million**, a decrease of **2.0%** year-over-year.
– Residential customer relationships decreased by **2.1%** to **29.0 million**.
– **Average Revenue per Customer**:
– Monthly residential revenue per customer increased to **$122.86**, up **1.7%** from the prior year.
## Other Financials
– **Capital Expenditures**:
– Capital expenditures for the quarter totaled **$2.9 billion**, up **0.7%** year-over-year.
– Forecast for full-year 2025 capital expenditures has been revised to approximately **$11.5 billion**.
– **Cash Flow from Operations**:
– Net cash flows from operating activities fell to **$3.6 billion**, down **6.6%** from **$3.9 billion** the previous year.
– **Liquidity**:
– Total principal amount of debt reported was **$94.3 billion**.
## Share Repurchases
– In Q2 2025, Charter repurchased **4.5 million shares** for a total of **$1.7 billion**.
## Highlights of Strategic Initiatives
– Charter is working towards enhancing its network capabilities with ongoing investments in network evolution, rural build, and improvements in customer service, as well as an agreement with Cox Communications to combine services.
Following the results, Charter will host a webcast on July 25, 2025, to discuss the quarterly financials and the company’s outlook.
Overall, Charter Communications exhibits steady performance amid challenges in customer attrition in certain segments while continuing strategic investments in its service offerings.
| Three Months Ended June | Six Months Ended June | |||
|---|---|---|---|---|
| 30, 2025 | 2024 | 30, 2025 | 2024 | |
| REVENUES | $13,766 | $13,685 | $27,501 | $27,364 |
| COSTS AND EXPENSES: | ||||
| Operating costs and expenses (exclusive of items shown separately below) | 8,230 | 8,173 | 16,424 | 16,569 |
| Depreciation and amortization | 2,176 | 2,170 | 4,357 | 4,360 |
| Other operating expenses, net | 81 | 79 | 204 | 41 |
| 10,487 | 10,422 | 20,985 | 20,970 | |
| Income from operations | 3,279 | 3,263 | 6,516 | 6,394 |
| OTHER INCOME (EXPENSES): | ||||
| Interest expense, net | -1,263 | -1,328 | -2,504 | -2,644 |
| Other expenses, net | -107 | -85 | -249 | -174 |
| -1,370 | -1,413 | -2,753 | -2,818 | |
| Income before income taxes | 1,909 | 1,850 | 3,763 | 3,576 |
| Income tax expense | -414 | -427 | -859 | -873 |
| Consolidated net income | 1,495 | 1,423 | 2,904 | 2,703 |
| Less: Net income attributable to noncontrolling interests | -194 | -192 | -386 | -366 |
| Net income attributable to Charter shareholders | $1,301 | $1,231 | $2,518 | $2,337 |
| EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CHARTER SHAREHOLDERS: | ||||
| Basic | $9.41 | $8.58 | $18.00 | $16.24 |
| Diluted | $9.18 | $8.49 | $17.59 | $16.03 |
| Weighted average common shares outstanding, basic | 138,205,810 | 143,329,828 | 139,889,251 | 143,920,073 |
| Weighted average common shares outstanding, diluted | 141,684,415 | 144,914,860 | 143,098,493 | 145,742,397 |
| ASSETS | June 30, 2025 | December 31, 2024 |
|---|---|---|
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $606 | $459 |
| Accounts receivable, net | 3,549 | 3,097 |
| Prepaid expenses and other current assets | 657 | 677 |
| Total current assets | 4,812 | 4,233 |
| INVESTMENT IN CABLE PROPERTIES: | ||
| Property, plant and equipment, net | 44,187 | 42,913 |
| Customer relationships, net | 672 | 975 |
| Franchises | 67,468 | 67,462 |
| Goodwill | 29,674 | 29,674 |
| Total investment in cable properties, net | 142,001 | 141,024 |
| OTHER NONCURRENT ASSETS | 4,776 | 4,763 |
| Total assets | $151,589 | $150,020 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable, accrued and other current liabilities | $12,007 | $11,687 |
| Current portion of long-term debt | 2,549 | 1,799 |
| Total current liabilities | 14,556 | 13,486 |
| LONG-TERM DEBT | 91,863 | 92,134 |
| EQUIPMENT INSTALLMENT PLAN FINANCING | 1,306 | 1,072 |
| DEFERRED INCOME TAXES | 18,757 | 18,845 |
| OTHER LONG-TERM LIABILITIES | 4,739 | 4,776 |
| SHAREHOLDERS’ EQUITY: | ||
| Controlling interest | 16,209 | 15,587 |
| Noncontrolling interests | 4,159 | 4,120 |
| Total shareholders’ equity | 20,368 | 19,707 |
| Total liabilities and shareholders’ equity | $151,589 | $150,020 |
