Charter Communications reported its financial results for the third quarter of 2025, showing steady growth in mobile and Internet segments that helped offset declines in video and advertising revenue. The company continued to advance its network evolution strategy, expand rural broadband access, and strengthen its converged connectivity offerings through Spectrum Internet and Spectrum Mobile.
Subscriber growth
Charter Communications reported mixed subscriber trends for the third quarter of 2025.
The company’s total Internet customers declined by 109,000, similar to the 110,000 loss recorded in the same quarter of 2024, which had been impacted by the end of the FCC’s Affordable Connectivity Program. Spectrum continues upgrading its network to deliver symmetrical and multi-gigabit Internet speeds nationwide, with completion targeted for 2027.
Mobile services remained a growth driver, with Charter adding 493,000 Spectrum Mobile lines in Q3 2025, compared to 545,000 additions a year earlier. Spectrum Mobile, available exclusively to Spectrum Internet customers, is central to Charter’s converged connectivity strategy.
Video subscribers decreased by 70,000, a notable improvement from the 294,000 loss in Q3 2024. As of September 30, 2025, Charter had 12.6 million total video customers. The improvement was attributed to new pricing models, simplified packaging, and the inclusion of popular streaming services—such as Disney+, Hulu, HBO Max, and Peacock—within Spectrum TV Select at no additional cost.
Wireline voice customers declined by 200,000 during the quarter, compared to a 288,000 drop a year earlier, bringing the total to 6.2 million.
Charter also expanded its rural broadband reach, activating 124,000 subsidized rural passings in Q3 2025 and adding 52,000 new customer relationships within its rural footprint.
Revenue
Charter Communications reported third-quarter 2025 revenue of $13.7 billion, a decline of 0.9 percent year-over-year. The drop was mainly due to lower residential video and advertising sales, partially offset by growth in mobile service and Internet revenues.
Residential revenue totaled $10.6 billion, down 1.1 percent from a year earlier, as a 2.1 percent decline in residential customers outweighed a 1.0 percent rise in monthly revenue per customer, which reached $122.63. The increase in per-customer revenue was supported by rate adjustments, promotional roll-offs, and Spectrum Mobile growth.
Internet revenue rose 1.7 percent year-over-year to $6.0 billion, driven by rate increases and favorable changes in bundled revenue allocation, despite a decline in Internet subscribers. Mobile service revenue surged 19.2 percent to $954 million, supported by strong mobile line additions.
Video revenue fell 9.3 percent to $3.4 billion due to continued subscriber losses, a shift toward lower-priced video packages, and higher costs associated with bundled streaming applications. Voice revenue declined 7.9 percent to $332 million as customer losses continued, partially offset by rate adjustments.
Commercial revenue inched up 0.9 percent to $1.8 billion, supported by a 3.6 percent increase in mid-market and large business revenue, while small business revenue slipped 0.9 percent. Advertising sales revenue dropped 21.3 percent to $356 million, largely reflecting lower political ad spending; excluding political ads, the decline was just 0.5 percent.
Other revenue grew 10.7 percent to $836 million, primarily due to higher mobile device sales.
Capex
Charter Communications reported capital expenditures of $3.1 billion for the third quarter of 2025, an increase of $488 million from the same period in 2024. The rise was primarily driven by higher spending on customer premises equipment (CPE), network upgrades and rebuilds related to Charter’s ongoing network evolution, and investments in scalable infrastructure. Charter spent $1.8 billion for core Capex, $1 billion for line extension and $300 million for network evolution during Q3-2025.
The company reaffirmed its full-year 2025 capital expenditure outlook of approximately $11.5 billion. Charter noted that actual spending levels will depend on the progress of its network evolution and expansion projects, supply chain conditions, and growth trends across its residential and commercial segments.
Fasna Shabeer