Charter Communications reported fourth-quarter revenue of $13.6 billion, down 2.3% year-over-year, driven by lower residential video and political advertising revenues. Adjusted EBITDA declined 1.2% to $5.7 billion, while net income attributable to shareholders totaled $1.3 billion. Earnings per share of $10.34 fell short of the consensus estimate of $10.40, marking a sequential revenue and EBITDA contraction following three quarters of year-over-year growth.

Video customers increased by 44,000 in Q4, compared with a loss of 123,000 in the prior year period, benefiting from new simplified packaging and inclusion of major streaming apps in basic tiers. Internet customers declined by 119,000, a smaller loss than the 177,000 recorded a year earlier, while mobile lines grew by 428,000 to reach 11.8 million total. Broadband churn remained below expectations, and Charter served 29.7 million Internet customers as of December 31, 2025.

Full-year operating cash flow rose to $16.1 billion from $14.4 billion in 2024, enabling free cash flow of $5.0 billion, up from $4.3 billion, despite capital expenditures of $11.7 billion. Capital spending included $3.9 billion for line extensions. Charter repurchased approximately 17.1 million shares and units for $5.4 billion during 2025, underscoring management’s focus on returning capital while preparing for network evolution initiatives set to conclude in 2027.