Charter Communications, Inc. · NASDAQ:CHTR
Charter Communications — Q4 2025 Earnings Presentation
19 slides from Charter Communications's earnings presentation, Jan 30, 2026
Slide 1: Fourth Quarter and Full Year 2025 Results
Charter Communications Fourth Quarter and Full Year 2025 Results January 30, 2026
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: Full Year 2025 Overview
Full Year 2025 Overview Revenue Adjusted EBITDA1) Capital Expenditures in Billions in Billions in Billions -0.6% +0.6% +3.5% $55.1 $54.8 $22.6 $22.7 $11.7 $11.3 FY24 FY25 FY24 FY25 FY24 FY25 Fourth Quarter and Full Year 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+ 31.8M Advanced WiFi HHs Network Miles Customers with Near Real-Time Fastest Growing Mobile Provider Telemetry 88% Fastest Overall Speeds3) for Spectrum Mobile ~58M 11.8
Slide 6: Spectrum Saves Customers $1,100+/Year with Better Products
Spectrum Saves Customers $1,100+/Year with Better Products 5G Home Ultimate Internet Speed7) 1 Gbps 1 Gbps 1 Gbps Up to 1 Gbps 170 – 498 Mbps 100% 20% 17% 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 time14) your order with
Slide 8: 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 $8.99 Essential Launched $10.99 Premium $6.99 with Ads $5
Slide 9: Jessica M. Fischer
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) -1.1% -1.3% 32.2 31.8 30.1 29.7 (54) (59) (87) (109) (100) (116) (119) (127) (156) (177) 4Q24 1Q25 2Q25 3Q25 4Q25 4Q24 4Q25 4Q24 1Q25 2Q25 3Q25 4Q25 4Q24 4Q25 Mob
Slide 11: Revenue
Revenue Total Revenue Residential Revenue Commercial Revenue in Billions in Billions in Billions -2.3% -2.4% +0.3% $13.9 $13.6 $10.7 $10.4 $1.8 $1.8 4Q24 4Q25 4Q24 4Q25 4Q24 4Q25 Residential connectivity revenue grew by 2.3% Y/Y in 4Q25 Fourth Quarter and Full Year 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 -3.1% -1.2% +0.6% $8.2 $7.9 $5.8 $5.7 $22.6 $22.7 4Q24 4Q25 4Q24 4Q25 4Q24 4Q25 Adj. EBITDA grew 0.6% Y/Y in 2025 Fourth Quarter and Full Year 2025 Results 11
Slide 13: Capital Investment and Debt
Capital Investment and Debt Capital Expenditures LTM Capital Expenditures Debt and Leverage16) in Billions in Billions in Billions 4.24x17) 4.21x18) $3.3 $11.3 $11.7 $93.8 $94.6 $3.1 $0.4 $0.9 $1.1 Network $0.2 Evolution CCOH $27.3 $27.3 Line Line $1.0 $4.2 $3.9 $1.1 Extensions Extensions CCO $66.5
Slide 14: Total Capital Expenditures Outlook (standalone Charter)
Total Capital Expenditures Outlook (standalone Charter) • Current capex outlook is largely unchanged in total vs. prior outlook, with retiming across years and slight changes across categories • Charter currently expects ‘26 capex to total ~$11.4B Multi-Year Capex Outlook Comparison to Prior Year Ca
Slide 15: Free Cash Flow & Share Repurchases
Free Cash Flow1) & Share Repurchases Free Cash Flow1) Share Repurchase Summary in Millions 4Q24 4Q25 Y/Y Var. 4Q25 Since Sep '16 1) Adjusted EBITDA $5,760 $5,691 ($69) Common Shares & Units Repurchased 19) 2.9M 179.7M Capex (3,062) (3,335) (273) x Average Price $259 $438 Cash Paid for Interest (Net)
Slide 16: 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 Four
Slide 17: Notes
Notes 1) See notes on slide 17. 2) Fastest Speeds claim based on Broadband Download Speed among the top 5 national providers in Opensignal USA: Fixed Broadband Experience Report – May 2025. Based on Opensignal independent analysis of mean download speed. © 2025 Opensignal Limited. 3) Fastest Wireles
Slide 18: 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 19: Investor Inquiries
Investor Inquiries: Stefan Anninger | 203.905.7955 stefan.anninger@charter.com
Charter Communications — Q4 2025 Earnings Presentation on 6ix