Slide 1: Charter Communications Second Quarter 2025 Results
Charter Communications Second Quarter 2025 Results July 25, 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, President and CEO
Christopher L. Winfrey President and CEO, Charter Communications
Slide 4: Second Quarter Overview
Second Quarter Overview Revenue Adjusted EBITDA1) Capital Expenditures in Billions in Billions in Billions +0.6% +0.5% +0.7% $13.7 $13.8 $5.7 $5.7 $2.9 $2.9 2Q24 2Q25 2Q24 2Q25 2Q24 2Q25 2Q25 revenue and Adj. EBITDA1) grew by 0.6% and 0.5% Y/Y, respectively Second 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) 17M+ 950K+ 31.2M Advanced WiFi HHs Network Miles Customers with Near Real-Time Fastest Growing Mobile Provider Telemetry 87% Fastest Overall Speeds3) for Spectrum Mobile ~58M 10
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% 19% 12% Marketed Availability Capacity Dependent Capacity Dependent of footprint of mobile footprint of mobile footprint De-prioritization10); Interferen
Slide 7: Seamless Entertainment: Solving for Value & Utility
Seamless Entertainment: Solving for Value & Utility Streaming App Retail Value TV Select14) Frictionless Spectrum Video Experience with Xumo Included in Disney+, Basic Hulu Bundle Basic Included in Available in ESPN Unlimited TV Select Plus15) $9.99 Basic with Ads Launched $7.99 Essential $10.99 Pre
Slide 8: 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 time16) your order with
Slide 9: Jessica M. Fischer, Chief Financial Officer
Jessica M. Fischer Chief Financial Officer, Charter Communications
Slide 10: 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% 31.8 31.2 30.4 29.9 (60) (104) (110) (117) (149) (162) (179) (149) (215) (177) 2Q24 3Q24 4Q24 1Q25 2Q25 2Q24 2Q25 2Q24 3Q24 4Q24 1Q25 2Q25 2Q24 2Q25 M
Slide 11: Revenue
Revenue Total Revenue Residential Revenue Commercial Revenue in Billions in Billions in Billions +0.6% -0.4% +0.8% $13.7 $13.8 $10.8 $10.7 $1.8 $1.8 2Q24 2Q25 2Q24 2Q25 2Q24 2Q25 Total revenue grew 0.6% Y/Y in 2Q25 and 1.0% Y/Y over the last twelve months Second Quarter 2025 Results 10
Slide 12: Expenses and Adjusted EBITDA
Expenses and Adjusted EBITDA1) Total Expenses Adjusted EBITDA1) LTM Adjusted EBITDA1) in Billions in Billions in Billions +0.6% +0.5% +3.1% $8.0 $8.1 $5.7 $5.7 $22.2 $22.9 2Q24 2Q25 2Q24 2Q25 2Q24 2Q25 Adj. EBITDA grew 0.5% Y/Y in 2Q25 and 3.1% Y/Y over the last twelve months Second Quarter 2025 Res
Slide 13: Capital Investment and Debt
Capital Investment and Debt Capital Expenditures LTM Capital Expenditures Debt and Leverage17) in Billions in Billions in Billions 4.32x 4.10x / 4.18x18) $2.9 $2.9 $11.5 $96.5 $94.3 $10.9 Network $0.2 $0.2 $1.1 Evolution $0.9 CCOH $27.3 $27.3 Line $1.1 $1.0 Line $4.1 $4.0 Extensions Extensions CCO $
Slide 14: Free Cash Flow & Share Repurchases
Free Cash Flow1) & Share Repurchases Free Cash Flow1) Share Repurchase Summary in Millions 2Q24 2Q25 Y/Y Var. 2Q25 Since Sep '16 1) Adjusted EBITDA $5,665 $5,693 $28 Common Shares & Units Repurchased 19) 4.5M 169.2M Capex (2,853) (2,874) (21) x Average Price $375 $448 Cash Paid for Interest (Net) (1
Slide 15: 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 Seco
Slide 16: Notes
Notes 1) See notes on slide 16. 2) Based on Broadband Download Speed among the top 5 national providers in Opensignal USA: Fixed Broadband Experience Report — National View, May 2024. Based on Opensignal independent analysis of mean download speed. © 2025 Opensignal Limited. 3) Based on analysis by
Slide 17: 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 18: Investor Inquiries
Investor Inquiries: Stefan Anninger | 203.905.7955 stefan.anninger@charter.com