Charter Communications

CHTR Q1 2025 Earnings

Reported Apr 25, 2025 at 7:00 AM ET · SEC Source

Q1 25 EPS

$8.42

BEAT +0.56%

Est. $8.37

Q1 25 Revenue

$13.74B

BEAT +0.49%

Est. $13.67B

vs S&P Since Q1 25

-84.3%

TRAILING MARKET

CHTR -53.4% vs S&P +30.9%

Market Reaction

Did CHTR Beat Earnings? Q1 2025 Results

Charter Communications delivered a solid beat across the board in Q1 2025, with earnings and revenue both clearing Wall Street expectations as a dramatic surge in free cash flow underscored the company's improving financial profile. Diluted EPS came … Read more Charter Communications delivered a solid beat across the board in Q1 2025, with earnings and revenue both clearing Wall Street expectations as a dramatic surge in free cash flow underscored the company's improving financial profile. Diluted EPS came in at $8.42, edging past the $8.37 consensus estimate by 0.56%, while revenue reached $13.73 billion, a 0.4% year-over-year gain that topped estimates by 0.49%. The standout driver was free cash flow, which vaulted to $1.56 billion from just $358 million a year earlier, fueled by Adjusted EBITDA expanding 4.8% to $5.76 billion, a 14.1% reduction in capital expenditures to $2.40 billion, and meaningfully lower interest payments. Mobile continued to power growth, with 514,000 lines added in the quarter, pushing total mobile lines to 10.4 million and mobile service revenue up 33.5% to $914 million. Broadband losses narrowed to 60,000 from 72,000 a year ago, a modest but notable improvement. Charter held its full-year 2025 capex guidance at approximately $12 billion, signaling continued confidence in its network expansion and evolution strategy.

Key Takeaways

  • Mobile service revenue growth of 33.5% driven by line growth and per-line revenue growth
  • Internet revenue growth of 1.8% from promotional rate step-ups and rate adjustments
  • Programming cost decline of 10.4% from fewer video customers and lower-cost package mix
  • Customer operations costs declined 4.5% due to more efficient service infrastructure
  • Lower cash paid for interest ($995M vs $1,236M year-over-year)
  • Lower capital expenditures driven by timing of CPE, upgrade/rebuild and line extensions
  • One-time benefits of $75 million in other expenses
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CHTR YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings

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CHTR Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“We continue to execute on our long-held strategy of delivering the best network and products, at the best value, combined with unmatched service. That strategy is working, as evidenced by our first quarter results. We remain on track to deliver customer, EBITDA and robust free cash flow results for many years to come, driving outstanding shareholder value.”

— Chris Winfrey, Q1 2025 Earnings Press Release