Charter Communications (CHTR) FY2025 10-K Annual Report

Filed: Jan 30, 2026
Communication Services
Cable & Other Pay Television ServicesSEC EDGAR

Charter Communications (CHTR) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Jan 30, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Charter Communications FY2025 10-K Analysis

Business Overview

  • Core business: Provider of Internet, mobile, video, voice, and commercial services leveraging advanced fiber network and bundled connectivity products
  • New product emphasis: Launched Spectrum App Store and offered seamless entertainment apps à la carte from July 2025 with Xumo stream boxes deployment
  • Strategic shift: Focus on lower promotional and persistent bundled pricing via Life Unlimited brand platform to improve customer retention amid competitive pressure
  • Notable metrics: Added 1.9 million mobile lines in 2025; $2.2 billion invested in subsidized rural network construction activating 483,000 rural passings
  • Unusual fact: Changed annual goodwill impairment test date to October 31 for enhanced year-end quantitative analysis from prior qualitative approach

Management Discussion & Analysis

  • Revenue $54,774M, down 0.6% YoY from $55,085M, driven by lower customers, advertising sales down $312M, offset by mobile growth
  • Operating margin 23.6% ($12,908M operating income / $54,774M revenue) vs 23.8% in 2024 ($13,118M / $55,085M)
  • Best segment: Mobile service revenue up 22.0% to $3,762M; Worst segment: Video revenue down 9.4% to $13,703M
  • Operating costs down $428M to $32,739M; programming costs $8.8B (27% of operating costs) vs $9.7B (29% prior year)
  • No explicit forward guidance; key risk: integration transition expenses related to Cox Transactions ongoing

Risk Factors

  • Cybersecurity risk governance with quarterly updates to CEO and biannual Board reviews of cyber threats and mitigation efforts
  • Exposure across 41-state footprint with network technology infrastructure led by EVP of Network Technology Services since 2016
  • Centralized cybersecurity leadership under Security Executive Steering Committee promoting accountability across all business units
  • CISO with 20+ years experience in vulnerability management and incident response leading cybersecurity risk management
  • Mandatory internal and external notifications for cybersecurity events including state and federal agency disclosures

Charter Communications FY2025 Key Financial Metrics
XBRL

Revenue

$54.8B

-0.6% YoY

Net Income

$5.0B

-1.9% YoY

Operating Margin

23.6%

-25bp YoY

Net Margin

9.1%

-12bp YoY

ROE

31.1%

-155bp YoY

Total Assets

$154.2B

+2.8% YoY

EPS (Diluted)

$36.21

+3.5% YoY

Operating Cash Flow

$16.1B

+11.4% YoY

Source: XBRL data from Charter Communications FY2025 10-K filing on SEC EDGAR. All figures in USD.

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