CHARTER COMMUNICATIONS, INC. /MO/CHTR
CHARTER COMMUNICATIONS, INC. /MO/ Financial Overview 2021–2025
Updated Aug 8, 2026Charter Communications masked a bleeding traditional video business by adding a staggering 1.9 million mobile lines in FY2025 alone. This aggressive wireless expansion forms the core investment thesis for the highly leveraged cable operator, which is successfully pivoting into a converged connectivity provider to offset legacy subscriber churn.
The company's top line expanded from $51.7 billion in FY2021 to $54.77 billion in FY2025, driven almost entirely by mobile adoption and broadband pricing power. Over this same timeframe, Adjusted EBITDA climbed from $20.6 billion in FY2021 to $22.71 billion in FY2025. Charter navigated severe headwinds, including the loss of 508,000 internet customers in FY2024 after federal subsidies expired, by achieving a 22.0% increase in mobile service revenues the following year. Even while deploying a massive $11.7 billion in capital expenditures for network evolution and rural builds in FY2025, the business still generated $5.0 billion in free cash flow.
Despite this underlying cash generation, the market priced Charter at just $208.75 at the close of FY2025, translating to a compressed multiple of 5.8x earnings. This discounted valuation reflects persistent investor anxiety over the company's $94.6 billion debt load and the execution risks tied to integrating pending mega-deals for Liberty Broadband and Cox Communications' commercial assets.
Recent Developments (Q1 and Q2 2026)
Charter's legacy headwinds accelerated, punctuated by a 1.7% revenue decline in Q2 2026 as internet customer losses deepened to 172,000. Adjusted EBITDA slipped 4.3% year-over-year in the second quarter, pressured by transition expenses for the impending Cox Communications acquisition. To navigate this pivot, the company appointed telecom veteran Nick Jeffery as Chief Operating Officer, effective September 1, 2026, and launched debt exchange offers targeting up to $3.5 billion to manage maturities.
Bulls will highlight the ongoing success of the wireless convergence strategy, as mobile service revenues surged 18.9% in Q2 2026. Conversely, bears argue that aggressive capital expenditures—totaling $5.73 billion over the first six months—and the assumption of $12.4 billion in new Cox debt limit financial flexibility. Amid these pressures, shares dropped to $123.31, trading at 3.4x earnings as of the Q2 2026 reporting date.
What to watch: integration progress and leverage impacts from the Cox transactions; Nick Jeffery's strategic adjustments upon assuming the COO role.
Rev
$54.77B
FY2025
NI
$4.99B
FY2025
EPS
$36.90
FY2025
OCF
$16.08B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
All CHTR Financial Metrics(56)
Income Statement
Balance Sheet
- Cash & ST Investments
- Total Assets
- Current Assets
- Cash
- Receivables
- Prepaid & Other
- PP&E
- Goodwill
- Intangibles
- Other Non-current
- Total Liabilities
- Current Liabilities
- Accrued Liabilities
- Short-Term Debt
- Deferred Revenue
- Long-Term Debt
- Other Non-current Liab.
- Equity
- Retained Earnings
- Accumulated OCI
- APIC
- Treasury Stock
- NCI
- Total L&E
Cash Flow
Recent SEC Filings
CHARTER COMMUNICATIONS, INC. /MO/ 8-K Report, Material Agreement (Aug 20, 2026)
Charter Communications, Inc. (CHTR) has announced the successful completion of two significant transactions on August 19, 2026. The first is the merger with Liberty Broadband Corporation, which has resulted in Liberty becoming a wholly-owned subsidiary of Charter. This transaction involved the conversion of Liberty's common and preferred stock into Charter's Class A common stock and Series A Cumulative Redeemable Preferred Stock, respectively, with specific exchange ratios and cash in lieu for fractional shares. Notably, existing Liberty stock options were cancelled as their exercise price exceeded the merger consideration value, while restricted stock units vested and received merger consideration. The second major transaction involves Cox Enterprises, Inc. (Cox Parent). Charter has acquired substantially all of Cox's commercial fiber and managed IT/cloud services businesses through an equity sale, and received contributions of Cox's residential cable business and other assets in exchange for cash, Charter Holdings convertible preferred units, Charter Holdings common units, and a share of new Charter Class C common stock. This complex transaction brings approximately $12 billion of Cox debt and finance leases onto Charter's balance sheet. Significant ancillary agreements have been established, including a new Stockholders Agreement that impacts board composition, director appointments, and ownership/voting limitations for Cox Parent and Advance/Newhouse Partnership, alongside updated LLC, Tax Receivables, Exchange, and Registration Rights agreements.
CHARTER COMMUNICATIONS, INC. /MO/ 8-K Report, Material Agreement (Aug 18, 2026)
Charter Communications, Inc. (CHTR) has filed an 8-K report detailing the issuance of a significant amount of senior secured notes on August 18, 2026. The company, through its subsidiaries Charter Communications Operating, LLC and Charter Communications Operating Capital Corp., has successfully issued a total of $4.75 billion in aggregate principal amount across four series of notes: $1.75 billion in 6.050% Senior Secured Notes due 2032, $1 billion in 6.600% Senior Secured Notes due 2034, $1 billion in 6.950% Senior Secured Notes due 2036, and $1 billion in 7.850% Senior Secured Notes due 2056. These notes are senior secured obligations, guaranteed on a senior secured basis by CCO Holdings, LLC (the Parent Guarantor) and certain subsidiaries. The issuance was made under an existing automatic shelf registration statement and a prospectus supplement. The proceeds from this offering will be used to refinance existing debt or for general corporate purposes, as is typical for such debt issuances. Investors should note the varying interest rates and maturity dates across these new debt instruments, as well as the covenants and events of default outlined in the supplemental indenture.
CHARTER COMMUNICATIONS, INC. /MO/ 8-K Report, Material Agreement (Aug 12, 2026)
Charter Communications, Inc. (CHTR) filed an 8-K on August 12, 2026, to report the early settlement of its previously announced exchange offers for various senior secured notes and debentures. The company successfully issued approximately $1.69 billion in new 7.087% Senior Secured Notes due 2038 and $1.63 billion in new 7.337% Senior Secured Notes due 2041. These new notes were issued in exchange for existing debt and are senior secured obligations of the Issuers, guaranteed by CCO Holdings, LLC and certain subsidiaries, and secured by a first-priority lien on specified assets. The filing also details the entry into a Twenty-Seventh Supplemental Indenture, which supplements the existing base indenture, and an Exchange and Registration Rights Agreement. The Registration Rights Agreement obligates Charter to file a registration statement for an exchange offer of the new notes within 450 days of the early settlement date, with potential penalties in the form of additional interest if this deadline is not met. Investors should note the increased interest rates on the newly issued debt and the potential for additional interest payments related to registration obligations.
CHARTER COMMUNICATIONS, INC. /MO/ 8-K Report, Corporate Update (Aug 3, 2026)
This Current Report on Form 8-K filed by Charter Communications, Inc. (CHTR) provides crucial financial updates related to its previously announced transaction with Cox Enterprises, Inc. The filing includes unaudited interim condensed consolidated financial statements for Cox Communications as of and for the three and six months ended June 30, 2026. This information is vital for investors to assess the financial health and performance of the business segment being acquired. Furthermore, the report presents unaudited pro forma condensed combined financial statements reflecting the expected impact of the transaction on Charter's consolidated financial position and results of operations. These pro forma statements, as of and for the six months ended June 30, 2026, and for the year ended December 31, 2025, allow investors to better understand the potential scale and financial implications of the integration, assuming the transaction had already occurred. This filing is a key step in providing transparency around the financial aspects of this significant strategic move.
CHARTER COMMUNICATIONS, INC. /MO/ 8-K Report, Financial Results (Jul 24, 2026)
Charter Communications, Inc. (CHTR) has filed an 8-K to furnish a press release announcing its financial results for the second quarter ended June 30, 2026. This filing primarily serves as a notification and makes available the details of the company's performance in the quarter, which are contained within the press release itself (Exhibit 99.1). Investors should refer directly to the furnished press release for specific financial metrics, operational updates, and management's commentary on the quarter's results and future outlook. The report also includes a standard cautionary statement regarding forward-looking statements. This highlights the inherent risks and uncertainties associated with the company's future plans and prospects, emphasizing that actual results may differ materially. Key risk factors mentioned include competitive pressures, technological advancements, regulatory environments, economic conditions, and the ability to manage debt and capital expenditures, as well as specific risks related to the proposed Liberty Broadband Combination and Cox Transactions.
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