Charter Communications Stock Leads S&P 500 as Subscriber Figures Top Estimates

2 months ago 23

Aaron McDade

Fri, Apr 25, 2025, 10:23 AM 1 min read

Charter Communications banal led S&P 500 gainers Friday aft the institution reported much gross and a greater fig of mobile telephone lines than expected.
The genitor institution of Spectrum net and cablegram besides mislaid less video subscribers than analysts had forecast.
Profit came successful narrowly beneath estimates, and Charter mislaid much net subscribers than projected.

Charter Communications (CHTR) banal soared 11% to pb S&P 500 gainers Friday aft the institution added much mobile telephone lines and mislaid less video customers than analysts had expected successful the archetypal quarter.

The proprietor of Spectrum cable, internet, and telephone services generated $13.74 cardinal successful revenue, up somewhat year-over-year and supra the $13.68 cardinal Visible Alpha forecast. Earnings per stock (EPS) came successful astatine $8.42, up astir 12% from the year-ago 4th but inactive 7 cents shy of estimates.

Charter added 514,000 mobile telephone lines successful the quarter, amended than the astir 477,000 that analysts were expecting. The institution mislaid 60,000 net subscribers, much than expected, but astir 9,000 of those losses were owed to the January wildfires successful California.

The institution besides mislaid less video subscribers than estimated astatine 181,000, overmuch improved from the 405,000-subscriber diminution a twelvemonth ago. Charter said its narrowing nonaccomplishment was "driven by caller and simplified pricing and packaging," similar its bundle that gives cablegram subscribers entree to the ad-supported tier of a fig of streaming services.

With today's surge, Charter shares moved into affirmative territory for 2025.

Read the archetypal nonfiction connected Investopedia