"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 in 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 $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."
Charter added 44,000 video subscribers in the fourth quarter after introducing new pricing and packaging in Sept. 2024 to counter streaming-era competition. Spectrum reached 12.6 million pay-TV customers at quarter end and added programmers' streaming applications to Spectrum's expanded basic packages. Charter lost 119,000 Internet customers during the quarter, partially offset by 428,000 net mobile line additions. Overall fourth-quarter revenue declined 2.3 percent to $13.6 billion, net income attributable to shareholders fell 9 percent to $1.3 billion, and adjusted EBITDA slipped 1.2 percent to $5.7 billion. Charter unveiled a $34.5 billion deal with Cox to combine businesses and pursue greater scale, targeting mid-2026 completion pending regulatory approvals.
Read at The Hollywood Reporter
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