Charter Communications, Inc. · NASDAQ:CHTR
Charter Communications — Q1 2025 Earnings Presentation
19 slides from Charter Communications's earnings presentation, Apr 25, 2025
Slide 1: Charter Communications First Quarter 2025 Results
Charter Communications First Quarter 2025 Results April 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: First Quarter Overview
First Quarter Overview Revenue Adjusted EBITDA1) Capital Expenditures in Billions in Billions in Billions +0.4% +4.8% -14.1% $13.7 $13.7 $5.8 $2.8 $5.5 $2.4 1Q24 1Q25 1Q24 1Q25 1Q24 1Q25 Mobile growth and efficiency improvements contributed to Adj. EBITDA1) growth of 4.8% Y/Y First Quarter 2025 Resu
Slide 5: Spectrum Has Significant Assets & Scale
Spectrum Has Significant Assets & Scale Network & Industry Leading Infrastructure Customers Data Fastest Internet Speeds2) 17M+ ~950K 31.4M Advanced WiFi HHs Network Miles Customers with Near Real-Time Fastest Growing Mobile Provider Telemetry 87% Fastest Overall Speeds3) for Spectrum Mobile ~57M 10
Slide 6: Unique Seamless Connectivity Capability
Unique Seamless Connectivity Capability Gig-Capable Wireline Passings (Millions) Seamless Connectivity Capability6) Current Future7) Current Future 57 Growing 100% 100% 50+ 30 30 19% ~30% by 2029 only only 8) 12% 35-40 18 26 17% ~23% Incl. Frontier long-term goal 9) 12-15 2 2 2% ~8% Incl. Metronet &
Slide 7: Spectrum Saves Customers $900+/Year with Better Products
Spectrum Saves Customers $900+/Year with Better Products 5G Home Internet Plus Internet Speed10) 1 Gbps 1 Gbps 1 Gbps 300 Mbps – 1 Gbps 133 – 415 Mbps 100% 19% 12% Marketed Availability Capacity Dependent Capacity Dependent of footprint of mobile footprint of mobile footprint De-prioritization13); I
Slide 8: Seamless Entertainment: Solving for Value & Utility
Seamless Entertainment: Solving for Value & Utility Streaming App Retail Value TV Select15) Frictionless Spectrum Video Experience with Xumo $9.99 with Ads $9.99 Basic Available in $11.99 TV Select Plus Launched $7.99 Essential $7.99 Premium $6.99 with Ads $4.99 Premium con Anuncios Available in $9.
Slide 9: 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 10: Jessica M. Fischer, Chief Financial Officer
Jessica M. Fischer Chief Financial Officer, Charter Communications
Slide 11: Total Customers
Total Customers Customer Relationships1) Internet Net Adds (in Thousands) Total (in Millions) Net Adds (in Thousands) Total (in Millions) -2.0% -1.6% 32.0 31.4 30.5 30.0 (60) (72) (110) (104) (110) (149) (179) (149) (215) (177) 1Q24 2Q24 3Q24 4Q24 1Q25 1Q24 1Q25 1Q24 2Q24 3Q24 4Q24 1Q25 1Q24 1Q25 Mo
Slide 12: Revenue
Revenue Total Revenue Residential Revenue Commercial Revenue in Billions in Billions in Billions +0.4% -0.1% +1.4% $13.7 $13.7 $10.8 $10.8 $1.8 $1.8 1Q24 1Q25 1Q24 1Q25 1Q24 1Q25 Total revenue grew 0.4% Y/Y in 1Q25, or 0.8% Y/Y when excluding advertising revenue First Quarter 2025 Results 11
Slide 13: Expenses and Adjusted EBITDA
Expenses and Adjusted EBITDA1) Total Expenses Adjusted EBITDA1) LTM Adjusted EBITDA1) in Billions in Billions in Billions -2.6% +4.8% +3.6% $8.2 $8.0 $5.8 $22.8 $5.5 $22.0 1Q24 1Q25 1Q24 1Q25 1Q24 1Q25 Total 1Q25 expenses include one-time benefits of $75 million in Other expense First Quarter 2025 R
Slide 14: Capital Investment and Debt
Capital Investment and Debt Capital Expenditures LTM Capital Expenditures Debt and Leverage17) in Billions in Billions in Billions 4.41x 4.06x / 4.16x18) $2.8 $11.4 $97.8 $10.9 $93.6 Network $0.3 $1.1 Evolution $2.4 $0.9 CCOH $27.3 $0.2 $27.3 Line $4.1 $1.0 Line $4.1 Extensions Extensions $0.9 CCO $
Slide 15: Free Cash Flow & Share Repurchases
Free Cash Flow1) & Share Repurchases Free Cash Flow1) Share Repurchase Summary in Millions 1Q24 1Q25 Y/Y Var. 1Q25 Since Sep '16 1) Adjusted EBITDA $5,497 $5,763 $266 Common Shares & Units Repurchased 19) 2.1M 164.7M Capex (2,791) (2,399) 392 x Average Price $365 $450 Cash Paid for Interest (Net) (1
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 Firs
Slide 17: Notes
Notes 1) See notes on slide 17. 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 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
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