“Charter Communications added video customers in its fourth quarter after the cable and internet giant introduced new pricing and packaging in Sept. 2024, in the face of stiff competition from YouTube and other streaming-era rivals. Spectrum added 44,000 video subscribers, compared to a loss of 70,000 subscribers in the third quarter and another 123,000 shed”, — write: www.hollywoodreporter.com
Spectrum added 44,000 video subscribers, compared to a loss of 70,000 subscribers in the third quarter and another 123,000 shed in the fourth quarter of 2024.
The company, which added programmers’ streaming applications in Spectrum’s expanded basic packages, had 12.6 million pay-TV customers at the end of the fourth quarter.
Charter, led by CEO Chris Winfrey, also shed 119,000 Internet customers during the latest quarter, against a decline of 177,000 during the fourth quarter of 2024. That was offset by 428,000 net mobile line additions, compared to 522,000 mobile line customers added during the fourth quarter of 2024.
Overall fourth quarter revenue fell 2.3 percent to $13.6 billion year-over-year due to lower residential video and political advertising revenues. Net income attributable to Charter shareholders fell 9 percent to $1.3 billion in the fourth quarter, while the latest quarter saw adjusted EBITDA slip 1.2 percent to $5.7 billion.
In May 2025, Charter unveiled a $34.5 billion deal with Cox Communications to combine their businesses and create a cable TV giant with greater scale in broadband Internet connectivity and video to take on tech giants in the video and advertising spaces. Winfrey told analysts the transaction was still on track to be completed in mid-2026 as Charter works to get regulatory approvals.
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