
per share of$ 10.10 were significantly higher than analysts ‘ consensus estimate of$ 9.22. Revenue of$ 13.9 billion edged the forecast for$ 13.88 billion.
The company shed 177, 000 online users during the period ended Dec. 31, finishing with 30.1 million. Charter even lost 123, 000 movie clients in the fourth, less than half the fall of 257, 000 a year ago. The company ended 2024 with 12.3 million subscribers, down almost 9 % from the end of 2023. Charter continues to be the No. 1 U. S. pay-TV operator, but YouTube TV has gained millions of consumers over the past couple of years, surpassing 8 million in 2024, as established players continue to discover their TV footsteps stretch.
The company cited a 37 % increase in residential mobile service revenue and a 26 % increase in ad sales revenue as two significant factors in the growth of overall revenue.
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Following the earnings announcement, Charter’s stock increased by 3 % on Friday during pre-market trading. In the midst of Comcast’s quarterly earnings report, they had both slumped 6 % on Thursday, along with the companies of various providers. Given the long-established uniformity of bandwidth as a counterweight to the shrinking pay-TV business, Comcast revealed higher subscription costs than Wall Street had anticipated. This rattling buyers. Over the past month, chartered stocks have fallen 12 %.
Given the overall result of cord-cutting, Charter is continuing to try to amend the long-standing role of distributors on the pay-TV front. The company gained large interest in 2023 for taking a stand with Disney in a carriage negotiation, allowing ESPN, ABC and other networks to get black for 10 days in late-summer. After the signs were finally turned around, the signals were merely released after CEO Chris Winfrey had of a possible “moving on” situation with a completely different video product composition. A few smaller, regional operators have abandoned pay-TV in favor of broadband. All providers, including giants Comcast and Charter, have been hurt by large telecom firms like AT&, T and Verizon luring customers away with fiber-based internet service as an alternative to broadband.