CHARTER COMMUNICATIONS, INC. /MO/ Q1 FY26 Results

Summary

Charter Communications reported a first quarter revenue of $13.6 billion, a 1.0% decrease compared to the previous year. The decline was primarily attributed to lower residential video revenue, while residential connectivity revenue saw a 0.9% increase year-over-year. Net income attributable to Charter shareholders totaled $1.2 billion. Adjusted EBITDA decreased by 2.2% to $5.6 billion. According to CEO Chris Winfrey, the company remains confident in its ability to win in the marketplace and grow over the longer term, citing their advanced network and focus on customer satisfaction.

Key Highlights

1. 1

   Charter's first quarter revenue reached $13.6 billion, a 1.0% decrease year-over-year, primarily due to lower residential video revenue.

2. 2

   Spectrum Mobile lines increased by 368,000 during the first quarter, and by 1.8 million over the last twelve months, reaching a total of 12.1 million mobile lines.

3. 3

   Net income attributable to Charter shareholders totaled $1.2 billion in the first quarter.

4. 4

   Adjusted EBITDA for the first quarter was $5.6 billion, a 2.2% decrease year-over-year, or a 1.8% decrease excluding transition expenses.

5. 5

   Capital expenditures for the first quarter totaled $2.9 billion, including $812 million for line extensions.

6. 6

   Free cash flow for the first quarter was $1.4 billion, decreasing from $1.6 billion in the prior year, primarily due to higher capital expenditures.

7. 7

   During the first quarter, Charter repurchased 4.3 million shares of its Class A common stock for $963 million.