Charter Communications Stock Rises 11% After Strong Earnings Report

ST. LOUIS, Mo. — Charter Communications saw its stock soar 11% on Friday after the company announced better-than-expected financial results for the first quarter. The owner of Spectrum cable, internet, and phone services reported revenues of $13.74 billion, surpassing the $13.68 billion forecast by analysts at Visible Alpha.

While earnings per share (EPS) hit $8.42, a nearly 12% increase year-over-year, it still fell short of expectations by 7 cents. Charter added 514,000 mobile phone lines during the quarter, exceeding the expected 477,000 additions.

However, the company experienced a loss of 60,000 internet subscribers, more than analysts had anticipated. Charter attributed about 9,000 of these losses to a previous adjustment made in January. In contrast, the loss of video subscribers came in lower than anticipated at 181,000, a significant improvement compared to last year’s decline of 405,000.

Charter noted that the improvement was “driven by new and simplified pricing and packaging,” which included bundles of cable services with access to ad-supported streaming tiers.

With this latest surge, Charter’s shares have now entered positive territory for 2025. Investors reacted positively, reflecting confidence in the company’s strategies.