We recently published 10 Big Names Ending January With Explosive Gains. Charter Communications Inc. (NASDAQ:CHTR) was one of the top performers on Friday.
Charter Communications managed to eke out a 7.62 percent gain on Friday to close at $206.12 apiece, as investors took path from the lower than expected decline in Internet subscriptions in the fourth quarter of the year.
In an updated report, Charter Communications Inc. (NASDAQ:CHTR) said a total of 119,000 customers cut their Internet subscription in the fourth quarter of the year, markedly lower than the 131,970 as expected by Visible Alpha analysts.
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Total video customers also increased by 44,000 as compared with a decline of 123,000 in the same quarter in 2024, with the improvement driven by new and simplified pricing and packaging launched in September 2024 and benefits from the inclusion of programmers’ streaming applications in Spectrum’s expanded basic packages.
In the broader front, Charter Communications Inc. (NASDAQ:CHTR) said that net income attributable to shareholders declined by 9.1 percent to $1.332 billion from $1.466 billion, primarily due to lower Adjusted EBITDA, merger and acquisition costs related to the previously announced Cox transaction, and higher income tax expenses.
Total revenues dipped by 2.3 percent to $13.6 billion from $13.93 billion, due to lower revenues from residential video and political advertising sales, which were partially offset by a revenue jump in residential mobile services, mobile equipment, residential Internet, and a $37 million total customer credit related to hurricanes Helene and Milton.
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Disclosure: None. This article is originally published at Insider Monkey.
