Charter CEO Chris Winfrey Sees “Pretty Significant Impact” From Adding More Streaming To Spectrum; Stock Jumps 15% On Q3 Results

deadline.com:

Charter Communications CEO Chris Winfrey said the company’s ongoing integration of streaming services for Spectrum TV and internet customers will have “a pretty significant impact on acquisition and retention.” Speaking to Wall Street analysts on the company’s third quarter earnings call, Winfrey said he expects deals with Disney, Warner Bros.

Discovery, NBCUniversal and other programmers over the past year or so to start bearing fruit in 2025. The acquisition and retention benefits will be evident “certainly for video, but also with internet when bundled together,” he said.

Charter shares jumped 15% after the opening bell Friday after the company reported better-than-expected quarterly results. The broadband and wireless provider, which is also the No.

1 pay-TV operator in the U.S., posted a nearly 2% uptick in revenue for the July-to-September quarter, to $13.8 billion, while earnings per share came in at $8.82.