(Corrects Key Details table and headline to show revenue missed
estimates; also corrects EPS to $8.34, from $8.50 in Key Details
table)
Overview
* Charter Q3 revenue declined 0.9% yr/yr, missing analyst
expectations
* Adjusted EBITDA for Q3 fell 1.5% yr/yr, reflecting lower
revenue
* Company repurchased 7.6 mln shares for $2.2 bln in Q3
Outlook
* Charter expects full-year 2025 capital expenditures to be
about
$11.5 bln
* Company aims to complete network evolution initiative by
2027
* Charter focuses on free cash flow growth for shareholder
value
Result Drivers
* INTERNET CUSTOMER DECLINE - Co attributes decrease in
Internet
customers to competitive pressures and end of FCC's Affordable
Connectivity Program
* MOBILE LINE GROWTH - Co reports increase in mobile lines
due to
converged network strategy and competitive mobile offerings
* VIDEO CUSTOMER DECLINE MITIGATED - Co cites new pricing
and
packaging strategies, including streaming apps, as factors
mitigating video customer decline
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 Misses $13.67 $13.74
Revenue bln bln (18
Analysts
)
Q3 EPS $8.34
Q3 Free $1.60
Cash bln
Flow
Analyst Coverage
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 10 "strong buy" or "buy", 10
"hold" and 4 "sell" or "strong sell"
* The average consensus recommendation for the integrated
telecommunications services peer group is "buy."
* Wall Street's median 12-month price target for Charter
Communications Inc ( CHTR ) is $355.00, about 35% above its October 30
closing price of $230.92
* The stock recently traded at 5 times the next 12-month
earnings
vs. a P/E of 10 three months ago
Press Release:
For questions concerning the data in this report, contact
[email protected]. For any other questions or feedback,
contact .
(This story was created using Reuters automation and AI based
on LSEG and company data. It was checked and edited by a Reuters
journalist prior to publication.)