A Comcast for broadband, TV, and phone services.

The Xfinity of many U.S. cities and towns.

• Residential Internet Services: Provides high-speed broadband internet access to homes.
• Residential Video Services: Offers a variety of television programming packages and on-demand content to residential customers.
• Residential Voice Services: Delivers traditional landline telephone services for homes, including unlimited local and long-distance calling.
• Spectrum Mobile: Provides mobile phone services, including talk, text, and data, leveraging an existing wireless network as an MVNO.
• Spectrum Business Services: Offers scalable internet, voice, TV, and data networking solutions specifically designed for small, medium, and large businesses.

Charter Communications (CHTR) primarily sells its services to individuals, specifically residential households. While its core customer base is residential, the company also serves businesses across various sizes.

The categories of customers Charter Communications serves include:

• Residential Households: This is Charter's largest customer segment, consisting of individual consumers and families who subscribe to Spectrum-branded broadband internet, cable television, voice, and mobile services for personal use in their homes.
• Small and Medium-sized Businesses (SMBs): Through its Spectrum Business division, Charter provides internet, voice, and video services tailored for small and medium-sized enterprises. These businesses utilize Charter's services for their operational needs, such as office connectivity, communication, and entertainment for customers.
• Enterprise and Wholesale Clients: Under its Spectrum Enterprise brand, Charter serves larger organizations, government entities, and other carriers. These clients often require more complex and dedicated solutions, including fiber internet, managed network services, cloud connectivity, and advanced voice solutions.

• The Walt Disney Company (DIS)
• Warner Bros. Discovery, Inc. (WBD)
• Paramount Global (PARA)
• FOX Corporation (FOXA)
• Cisco Systems, Inc. (CSCO)
• CommScope Holding Company, Inc. (COMM)
• Corning Incorporated (GLW)

Christopher Winfrey, President & Chief Executive Officer

Mr. Winfrey was named President and Chief Executive Officer of Charter Communications in December 2022. He joined Charter in 2010 as Chief Financial Officer and was appointed Chief Operating Officer in 2021. Prior to joining Charter, Mr. Winfrey served as Chief Financial Officer and Managing Director for cable operations, broadcasting, and satellite entities at Unitymedia GmbH, Germany's second-largest cable operator. His career also includes roles at Cablecom GmbH in Switzerland, NTL Incorporated, and as a senior associate in the private equity group at Communications Equity Associates. As CFO, he spearheaded Charter's transformative M&A activity, including the Time Warner Cable and Bright House Networks integrations.

Jessica Fischer, Chief Financial Officer

Ms. Fischer was appointed Chief Financial Officer in October 2021. She joined Charter in 2017 as Corporate Treasurer and later served as Executive Vice President, Finance. Before her tenure at Charter, Ms. Fischer was a Partner in the National Tax Department at EY, where she provided tax structuring and implementation advice for partnership transactions, primarily within the media and telecommunications sector. This included advising Charter on its significant transactions with Time Warner Cable and Bright House Networks in 2016.

Kevin Howard, Executive Vice President, Chief Accounting Officer and Controller

Mr. Howard has served as Charter's Principal Accounting Officer since 2006. He joined Charter in 2002 after nearly a decade as an auditor at Arthur Andersen LLP. Mr. Howard also held the position of Interim Chief Financial Officer in 2010.

Paul Marchand, Executive Vice President, Chief Human Resources Officer

Paul Marchand leads Charter Communications' human resources efforts.

Rich DiGeronimo, Executive Vice President, Chief Product Officer

Rich DiGeronimo serves as Charter's Executive Vice President, Chief Product Officer.

Charter Communications (CHTR) operates in the United States, offering a suite of connectivity and entertainment services under its Spectrum brand. The addressable markets for its main products and services in the U.S. are as follows:

• Broadband/Internet Services (U.S.): The U.S. broadband services market was valued at approximately USD 62.6 billion in 2023 and is projected to reach USD 152.7 billion by 2032, demonstrating a compound annual growth rate (CAGR) of 10.43% from 2024 to 2032. The market size for Internet Service Providers in the U.S. was estimated at $161.8 billion in 2024 and is expected to grow to $168.5 billion in 2025. As of the end of 2023, roughly 106.3 million U.S. households subscribed to home internet services. Overall, the U.S. had 121 million broadband subscribers in 2022, a figure projected to increase to 128 million by 2024. Charter itself serves an estimated 58 million homes and businesses across 41 states.
• Video Services (U.S.): The U.S. pay TV market size was valued at USD 69.37 billion in 2024 and is anticipated to decrease to USD 57.83 billion by 2033, with a negative CAGR of 2.0% from 2025 to 2033. Another estimate places the U.S. Pay TV market size at USD 60.7 billion in 2024, with a projected increase to approximately USD 75.99 billion by 2034, growing at a CAGR of 2.27% from 2025 to 2034. In 2023, the U.S. pay TV market had a penetration rate of 64% of households.
• Voice Services (U.S.): The U.S. fixed-line telecommunications market, which includes wireline voice services, generated total revenues of $118.04 billion in 2019. The Wired Telecommunications Carriers industry in the U.S. is expected to reach $66.1 billion in revenue in 2025. U.S. business wireline telecommunications services revenue is forecasted to decline by 2028.
• Mobile Services (U.S.): The U.S. Mobile Network Operator (MNO) market is estimated to be valued at USD 344.45 billion in 2025, with a projected growth to USD 416.26 billion by 2030, at a CAGR of 3.86%. In terms of subscriber volume, the U.S. mobile market is expected to grow from 396.02 million subscribers in 2025 to 448.47 million subscribers by 2030. Mobile cellular subscriptions in the United States were reported at 386.11 million in 2023.

Charter Communications (CHTR) is looking to several key initiatives and market trends to drive future revenue growth over the next 2-3 years, despite a competitive environment and recent internet subscriber losses. The expected drivers include:

1. Continued Growth in Mobile Services and Converged Offerings: Charter's mobile segment, operating as Spectrum Mobile, has been a significant growth area, adding nearly 500,000 lines in Q3 2025 and achieving over 20% growth (2 million new lines) over the past year. The company's strategy of bundling internet and mobile services is enhancing profitability and customer loyalty, with 21% of internet customers now purchasing both services. Management anticipates meaningful growth in mobile penetration over the coming years.

2. Expansion through Rural Network Build-Outs: Charter is actively expanding its network into rural areas, with its RDOF (Rural Digital Opportunity Fund) build expected to be completed by the end of 2026, two years ahead of schedule. This expansion aims to capture new customers in underserved markets, and the company has already seen accelerating customer growth in its subsidized rural footprint.

3. New Product Development and Enhanced Connectivity Solutions: To attract and retain customers, Charter is focusing on innovative product developments. This includes the launch of Advanced WiFi Complete, a tri-band WiFi 7 router with integrated 5G, and new B2B partnerships aimed at providing secure auto connections to the Spectrum Mobile network. These advanced offerings and bundling strategies, such as Spectrum One and multi-gig internet services, are intended to improve customer retention, increase average revenue per user (ARPU), and differentiate Charter in the competitive broadband market.

4. Growth in the Commercial Business Segment: While the small business segment has seen some decline in customers, Charter's mid-market and large business revenue grew by 3.6% year-over-year in Q3 2025 (4% excluding wholesale revenue). The enterprise segment has also demonstrated steady growth. Continued focus on serving these commercial clients is expected to contribute to overall revenue growth.

1. Share Repurchases

   • In 2024, Charter Communications purchased 4.3 million shares for approximately $1.3 billion.
   • In 2023, the company repurchased 9.0 million shares for approximately $3.6 billion.
   • During Q3 2025, Charter bought back 7.6 million shares of Class A common stock and Charter Holdings common units for $2.2 billion.

2. Outbound Investments

   • Charter announced its intent to acquire Liberty Broadband in an all-stock deal on November 13, 2024.
   • In May 2025, Charter acquired Cox Communications for $34.5 billion, aiming to create the largest U.S. broadband provider.

3. Capital Expenditures

   • Capital expenditures totaled $11.3 billion in 2024, including $4.2 billion for line extensions.
   • For 2025, Charter expects capital expenditures of approximately $11.5 billion, a revision from an earlier forecast of $12 billion.
   • The primary focus of capital expenditures includes network evolution to enable multi-gigabit speeds, rural network expansion through initiatives like subsidized rural construction, and general line extensions.