Fri, Apr 25, 11:02 AM (24 days ago)
**Charter Communications, Inc. (CHTR) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $13,735 million, up 0.4% YoY. - **Net Income:** $1,217 million, up 10.1% YoY. - **EPS:** $8.59 (basic), $8.42 (diluted), up from $7.66 (basic) and $7.55 (diluted) YoY. - **Operating Income:** $3,237 million, up 3.4% YoY. - **Adjusted EBITDA:** $5,763 million, up 4.8% YoY. **Profit Margins:** - **Operating Margin:** 23.6%. - **Net Margin:** 8.9%. **Cash Flow:** - **Operating Cash Flow:** $4,236 million, up from $3,212 million YoY. - **Capital Expenditures:** $2,399 million, down from $2,791 million YoY. - **Free Cash Flow:** $1,564 million, up from $358 million YoY. **Earnings Changes:** - **Revenue Growth:** Driven by mobile line growth and higher ARPU, offset by lower customers. - **Cost Management:** Decreases in programming and labor costs, offset by mobile device costs. **Quarterly Performance Discussion:** - **Customer Metrics:** Added 514,000 mobile lines, improved Internet and video losses YoY. - **Network Investments:** $468 million spent on rural construction, activating 89,000 subsidized rural passings. - **Product Launches:** Launched 2x1 Gbps service in two markets, plans for additional markets in 2025. **Trends & Uncertainties:** - **Mobile Growth:** Continued focus on mobile product bundles and network upgrades. - **Regulatory & Competitive Pressures:** Ongoing competition and regulatory challenges. - **Debt Management:** Significant debt levels, but strong liquidity position with $6.4 billion available under credit facilities. **Future Operations Impact:** - **Capital Expenditures:** Expected to total $12 billion for 2025, including network evolution and rural construction. - **Leverage Target:** Maintains a target leverage ratio of 4 to 4.5 times Adjusted EBITDA. - **Share Repurchases:** $731 million spent on share repurchases in Q1 2025, with $2.7 billion remaining board authority. **Conclusion:** Charter Communications reported solid Q1 2025 results with revenue growth driven by mobile services and effective cost management. The company continues to invest in network upgrades and rural construction while maintaining a strong liquidity position. However, it faces ongoing competitive and regulatory challenges.