CLAIM #14308 · Charter Communications Inc (CHTR) · 2025Q1 earnings call · Apr 25, 2025 · due Dec 31, 2025
“We expect that as we rebuild our plant to approximately 6,000 homes passed in Los Angeles over the coming quarters, we will incur additional CapEx, though not at the level that would require us to change our outlook.”
Jessica Fischer · CFO
In context
“I'd like to welcome them both to our board. And at the same time, Greg Maffei and Jim Meyer, two Liberty Broadband Tazkenes, rolled off this week as well, and I'd like to thank them for their many years of service and value creation for Charter Communications, Inc. and for our shareholders. Now I'll pass it over to Jessica. Jessica Fischer: Thanks, Chris. Please note that today's results include several Los Angeles wildfire effects. As Chris mentioned last quarter, we are committed to these communities and to actively rebuilding them. Our first quarter customer results include approximately 9,000 disconnects related to the fire. We provided credits to impacted customers and also incurred some incremental expenses, but first quarter adjusted EBITDA was not meaningfully impacted by either. We expect that as we rebuild our plant to approximately 6,000 homes passed in Los Angeles over the coming quarters, we will incur additional CapEx, though not at the level that would require us to change our outlook. Also, please note that this quarter, we made a number of expense reclassifications to reflect changes in how we manage our business. In connection with the recent launch of our Spectrum business brand. Reclassifications do not result in any changes to operating expenses or adjusted EBITDA for any period. We've reclassified prior periods so that appropriate year-over-year growth calculation can be accurately derived. And today's published trending schedule also shows our P and L using both the new and previous expense disclosure methodologies. So that you can see the impact of the changes. Let's please turn to our customer results on slide ten. Including residential and SMB, we lost 60,000 Internet customers in the first quarter. In mobile, we added 514,000 lines. Video customers declined”
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SEC filings for CHTR ↗ · Claim quote is verbatim from the 2025Q1 earnings call.