Charter added 514,000 mobile lines in Q1 2025, with residential mobile lines increasing by 2,071,000 YoY. This growth is attributed to the successful conversion of free lines to paying lines and the success of the Unlimited Plus plan.

Charter is upgrading its network to deliver symmetrical and multi-gigabit speeds, with symmetrical speeds now offered in eight markets. The company launched 2x1 Gbps service in two markets in January 2025 and plans to launch in additional markets in 2025.

Residential video customers decreased by 951,000 YoY, indicating ongoing challenges in the video segment. The company is evolving its video product and deploying Xumo stream boxes to new video customers in an attempt to mitigate these losses.

Management is focusing on reliable connectivity, transparency, exceptional service, and continuous improvement to drive customer growth and retention. These commitments aim to improve the customer experience and reduce transactions.

The company is investing in employee wages and benefits to build skill sets and tenure, as well as digitizing customer service platforms. These investments are aimed at improving the customer experience and driving customer growth.

Charter expects full year 2025 capital expenditures to total approximately $12 billion, including line extensions of approximately $4.2 billion and network evolution spend of approximately $1.5 billion. The actual amount of capital expenditures in 2025 will depend on a number of factors including, but not limited to, the pace of our network evolution and expansion initiatives, supply chain timing and residential and business customer growth rates.

The 10-Q states that there have been no material changes from the risk factors described in the company's Form 10-K for the year ended December 31, 2024.

The company is emphasizing the power of its advanced network and cutting-edge connectivity products and services, and its new and simplified pricing and packaging strategy better utilizes its seamless connectivity and entertainment products to offer lower promotional and persistent bundled pricing to drive growth.

Charter has completed deals with every major programmer to deliver better flexibility and greater value to our customers by including seamless entertainment applications with our Spectrum TV services at no additional cost.

Operating costs and expenses, exclusive of items shown separately in the consolidated statements of operations, decreased YoY. Programming costs decreased as a result of fewer video customers and a higher mix of lower cost video packages within our video customer base as well as costs allocated to seamless entertainment applications and netted within video revenue, partly offset by contractual rate adjustments, including renewals and increases in amounts paid for retransmission consent.

During the three months ended March 31, 2025, Charter purchased approximately 2.0 million shares of its Class A common stock for approximately $731 million. As of March 31, 2025, Charter had remaining board authority to purchase an additional $2.7 billion of Charter's Class A common stock and/or Charter Holdings common units, excluding purchases from Liberty Broadband.

Charter's target leverage of net debt to the last twelve months Adjusted EBITDA remains at 4 to 4.5 times Adjusted EBITDA, and up to 3.5 times Adjusted EBITDA at the Charter Operating first lien level. Charter's leverage ratio was 4.1 times Adjusted EBITDA as of March 31, 2025.