Charter Communications, Inc. · NASDAQ:CHTR
Charter Communications — Q3 2025 Earnings Presentation
21 slides from Charter Communications's earnings presentation, Oct 31, 2025
Slide 1: Charter Communications Third Quarter 2025 Results
Charter Communications Third Quarter 2025 Results October 31, 2025
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
Cautionary Statement Regarding Forward-Looking Statements This quarterly presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, ou
Slide 3: Christopher L. Winfrey
Christopher L. Winfrey President and CEO, Charter Communications
Slide 4: Third Quarter Overview
Third Quarter Overview Revenue Adjusted EBITDA1) Capital Expenditures in Billions in Billions in Billions -0.9% -1.5% +19.0% $13.8 $13.7 $5.6 $5.6 $3.1 $2.6 3Q24 3Q25 3Q24 3Q25 3Q24 3Q25 Third Quarter 2025 Results 3
Slide 5: Spectrum Has Significant Assets & Scale
Spectrum Has Significant Assets & Scale Network & Industry Leading Infrastructure Customers Data Fastest Internet Speeds2) ~18M 1M+ 31.1M Advanced WiFi HHs Network Miles Customers with Near Real-Time Fastest Growing Mobile Provider Telemetry 88% Fastest Overall Speeds3) for Spectrum Mobile ~58M 11.4
Slide 6: Spectrum Saves Customers $1,000+/Year with Better Products
Spectrum Saves Customers $1,000+/Year with Better Products 5G Home Ultimate Internet Speed7) 1 Gbps 1 Gbps 1 Gbps Up to 1 Gbps 133 – 415 Mbps 100% 20% 12% Marketed Availability Capacity Dependent Capacity Dependent of footprint of mobile footprint of mobile footprint De-prioritization10); Interferen
Slide 7: Spectrum's Customer Commitment
Spectrum’s Customer Commitment Reliable Transparency at Exceptional Always Connectivity Every Step Service Improving Customer Committed to keeping you No surprises. Your bill will match We’re there whenever you need us Continuously improving our product connected 100% of the time13) your order with
Slide 8: Mobile Profitability Continues to Grow
Mobile Profitability Continues to Grow Mobile Service Margin excluding SAC14) Highlights Per Line 34% Mobile service margin excluding SAC14) per line was 34% in 3Q25, up from 18% in 3Q22 and 0% in 3Q20 Additional mobile scale and continuing operational 18% improvements will drive cost efficiencies a
Slide 9: Seamless Entertainment: Solving for Value & Utility
Seamless Entertainment: Solving for Value & Utility Streaming App Retail Value TV Select Plus15) Frictionless Spectrum Video Experience with Xumo and the Spectrum App Store $12.99 Bundle $29.99 Unlimited (includes ESPN+) $10.99 Basic with Ads $7.99 Essential Launched $10.99 Premium $6.99 with Ads $5
Slide 10: Spectrum's Video Streaming Business Growing
Spectrum’s Video Streaming Business Growing Residential IP Video Streaming Customers Highlights in Millions 7.5 Residential IP video streaming customers totaled 7.5M in 3Q25 6.7 6.9 6.3 vs. 5.3M in 3Q21 5.3 IP-only customers now exceed QAM-only cust. QAM + IP Spectrum residential video customers inc
Slide 11: Jessica M. Fischer
Jessica M. Fischer Chief Financial Officer, Charter Communications
Slide 12: Total Customers
Total Customers Customer Relationships1) Internet Net Adds (in Thousands) Total (in Millions) Net Adds (in Thousands) Total (in Millions) -2.0% -1.5% 31.7 31.1 30.3 29.8 (60) (104) (110) (117) (109) (149) (149) (162) (215) (177) 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 3Q25 M
Slide 13: Revenue
Revenue Total Revenue Residential Revenue Commercial Revenue in Billions in Billions in Billions -0.9% -1.1% +0.9% $13.8 $13.7 $10.8 $10.6 $1.8 $1.8 3Q24 3Q25 3Q24 3Q25 3Q24 3Q25 Connectivity revenue grew by 3.8% Y/Y in 3Q25 Third Quarter 2025 Results 12
Slide 14: Expenses and Adjusted EBITDA
Expenses and Adjusted EBITDA1) Total Expenses Adjusted EBITDA1) LTM Adjusted EBITDA1) in Billions in Billions in Billions -0.5% -1.5% +1.8% $8.1 $8.1 $5.6 $5.6 $22.4 $22.8 3Q24 3Q25 3Q24 3Q25 3Q24 3Q25 Adj. EBITDA grew 1.8% Y/Y over the last twelve months Third Quarter 2025 Results 13
Slide 15: Capital Investment and Debt
Capital Investment and Debt Capital Expenditures LTM Capital Expenditures Debt and Leverage16) in Billions in Billions in Billions 4.22x 4.15x / 4.23x17) $3.1 $11.1 $11.4 $95.1 $95.0 $0.3 $1.0 $1.0 $2.6 Network CCOH $27.3 $27.3 Evolution $0.2 Line $1.0 $4.0 $4.1 Line Extensions Extensions $1.1 CCO $
Slide 16: Free Cash Flow & Share Repurchases
Free Cash Flow1) & Share Repurchases Free Cash Flow1) Share Repurchase Summary in Millions 3Q24 3Q25 Y/Y Var. 3Q25 Since Sep '16 1) Adjusted EBITDA $5,647 $5,561 ($86) Common Shares & Units Repurchased 18) 7.6M 176.8M Capex (2,563) (3,051) (488) x Average Price $292 $441 Cash Paid for Interest (Net)
Slide 17: Free Cash Flow to Grow Rapidly
Free Cash Flow1) to Grow Rapidly in Billions Future Adj. EBITDA $0.6 Growth $9.2 $3.4 $5.2 FCF 1) Lower OBBBA Future 3Q25 LTM Capex 20) Tax Impact 21) FCF 1) Future FCF1)/Share22) $34 $22 $4 $60 Share Count Reduction Impact Note: All figures presented are for standalone Charter and exclude Cox Commu
Slide 18: Our Strategy is Designed to Drive Value
Our Strategy is Designed to Drive Value Operating Strategy Strategic Initiatives Shareholder Value High Quality Products Evolution Long-Term Revenue Growth Unique Customer Value Expansion Long-Term Cash Flow Growth Commitment to Service Execution Levered Equity Returns Tied to Local Communities Thir
Slide 19: Notes
Notes 1) See notes on slide 19. 2) Based on Broadband Download Speed among the top 5 national providers in Opensignal USA: Fixed Broadband Experience Report — National View, May 2025. Based on Opensignal independent analysis of mean download speed. © 2025 Opensignal Limited. 3) Based on analysis by
Slide 20: Use of Non-GAAP Financial Metrics and Additional Information
Use of Non-GAAP Financial Metrics and Additional Information We use certain measures that are not defined by U.S. generally accepted accounting principles ("GAAP") to evaluate various aspects of our business. Adjusted EBITDA and free cash flow are non GAAP financial measures and should be considered
Slide 21: Investor Inquiries
Investor Inquiries: Stefan Anninger | 203.905.7955 stefan.anninger@charter.com
Charter Communications — Q3 2025 Earnings Presentation on 6ix