Spectrum TV And Internet Parent Charter Communications Delivers Better-Than-Expected Q4 Results
deadline.comCharter Communications, which offers TV, internet and wireless services under the Spectrum consumer brand, reported fourth-quarter results that exceeded Wall Street expectations.
Earnings per share of $10.10 soared above analysts’ consensus outlook of $9.22. Revenue of $13.9 billion edged the forecast for $13.88 billion.
The company shed 177,000 internet customers during the period ended Dec. 31, finishing with 30.1 million. Charter also lost 123,000 video subscribers in the quarter, less than half the drop of 257,000 a year ago.
The company ended 2024 with 12.3 million subscribers, down almost 9% from the end of 2023. Charter remains the No. 1 U.S. pay-TV operator, but YouTube TV has gained millions of customers over the past couple of years, surpassing 8 million in 2024, as established players continue to see their TV footprints shrink.
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