“2025 was our peak year of capital expenditure. And capital expenditures after this year will decline significantly.”

In context

“lationship growth this year. We expect to see an improved trajectory from the investments we've made over the past three years. The recipe for winning here is Sybil. Best connectivity, best overall value, with the best service. And we aren't perfect. We own our mistakes with customers. But we are improving the way we communicate our value, utility and quality service across our But I do believe we're the best-positioned company in the connectivity industry, and we will get better. From a financial perspective, we expect our operating plan to deliver EBITDA growth this year. And the investments we've made to lower service transactions and our efficiency programs including early benefits from customer and employee-focused AI tools, will continue to provide a tailwind for many years to come. 2025 was our peak year of capital expenditure. And capital expenditures after this year will decline significantly. Free cash flow will take off from an already significant amount We expect our capital intensity to return to 13% to 14% of revenue by 2028 at Charter standalone. And we can probably do the same even with the Cox integration. One of the bigger debates around Charter has been about the best way to deploy our significant free cash flow. And that cash flow is meaningful. It's about to become much larger. Debating how to allocate that cash flow is a first-class problem to have my mind, and Jessica will provide an update on their balance sheet strategy and capital return priorities in a moment. But the key focus for me real driver of the team and for value creation of our company is to make sure we deliver long-term customer EBITDA and cash flow growth and demonstrate that long-term growth rate”