Charter Communications reported its fourth-quarter and full-year 2024 financial results, showing modest revenue growth alongside a decline in total Internet and video customers. Fourth-quarter revenue reached $13.9 billion, a 1.6% increase year-over-year, driven by a 37.4% rise in mobile service revenue, a 26.4% increase in advertising sales, and a 14.6% growth in other revenue streams. However, total Internet customers declined by 177,000, attributed to the end of the FCC's Affordable Connectivity Program and hurricane impacts. Despite this, mobile lines increased by 529,000, reaching 9.9 million.

For the full year, Charter's revenue grew 0.9% to $55.1 billion, with Adjusted EBITDA rising 3.1% to $22.6 billion. Net income attributable to shareholders was $5.1 billion, a 11.5% increase. Capital expenditures totaled $11.3 billion, including $4.2 billion for network expansions. Free cash flow improved to $4.3 billion, up from $3.5 billion in 2023, aided by higher Adjusted EBITDA and a favorable change in working capital.

Despite declines in video and voice customers, Charter emphasized its investment in network upgrades, with plans to roll out symmetrical multi-gigabit Internet speeds across its footprint. The company introduced new pricing strategies under its "Life Unlimited" brand platform to enhance customer retention and service value.

Looking ahead, Charter expects 2025 capital expenditures of approximately $12 billion, with a focus on network expansion and infrastructure upgrades. The company remains confident in its long-term growth, citing improved service offerings, increased customer value, and continued investment in rural broadband initiatives.