Charter Communications

CHTR Q3 2025 Earnings

Reported Oct 31, 2025 at 7:00 AM ET · SEC Source

Q3 25 EPS

$8.34

MISS 10.27%

Est. $9.29

Q3 25 Revenue

$13.67B

MISS 0.56%

Est. $13.75B

vs S&P Since Q3 25

-27.7%

TRAILING MARKET

CHTR -22.0% vs S&P +5.7%

Market Reaction

Did CHTR Beat Earnings? Q3 2025 Results

Charter Communications delivered a disappointing third quarter, missing on both the top and bottom lines as competitive broadband pressures and declining legacy services weighed on results. Diluted EPS came in at $8.34, falling 10.27% short of the $9… Read more Charter Communications delivered a disappointing third quarter, missing on both the top and bottom lines as competitive broadband pressures and declining legacy services weighed on results. Diluted EPS came in at $8.34, falling 10.27% short of the $9.29 consensus estimate, while revenue slipped 0.9% year-over-year to $13.67 billion, narrowly missing the $13.75 billion Wall Street expected. The primary culprits were a 9.3% drop in video revenue and a 21.3% collapse in advertising sales tied to lower political spending, pressures that more than offset a 19.2% surge in mobile service revenue to $954 million and 3.8% residential connectivity growth. Adjusted EBITDA declined 1.5% to $5.56 billion, with margins compressing modestly to 40.7%, while the company also absorbed higher costs tied to its pending Cox Communications acquisition. Questions are mounting about whether aggressive share repurchases, including $2.20 billion spent during the quarter, can compensate for persistent broadband subscriber losses that totaled 109,000 in the period. Charter maintained its full-year capital expenditure guidance of approximately $11.50 billion, with network evolution to deliver symmetrical multi-gigabit speeds targeted for completion by 2027.

Key Takeaways

  • Residential connectivity revenue grew 3.8% YoY driven by promotional rate step-ups and rate adjustments
  • Mobile service revenue grew 19.2% YoY driven by mobile line growth
  • Video customer losses improved significantly (70K vs 294K YoY) due to simplified pricing and streaming app inclusion
  • Lower programming costs decreased 6.5% YoY from fewer video customers and lower-cost package mix
  • Advertising sales declined 21.3% YoY primarily due to lower political revenue
  • Operating cash flow increased 14.7% YoY from lower cash taxes and favorable working capital
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CHTR YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

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CHTR Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“We are operating well in a competitive environment, where consumer products and applications haven't yet caught up with our uniquely differentiated network capabilities. In the meantime, our service delivery improvements are being recognized, and we are saving customers hundreds and often thousands of dollars per year with our products. And our focus is on free cash flow growth for shareholder value creation.”

— Chris Winfrey, Q3 2025 Earnings Press Release