UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________

FORM 10-Q

______________

(Mark One)


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended ~~September~~March 3031, ~~2025~~2026


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Transition Period From to

Commission File Number: 001-33664

Charter Communications, Inc.

(Exact name of registrant as specified in its charter)


Delaware			84-1496755
(State or other jurisdiction of incorporation or organization)			(I.R.S. Employer Identification No.)

400 Washington Blvd.	Stamford	Connecticut	06902
(Address of Principal Executive Offices)			(Zip Code)

(203) 905-7801

(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A Common Stock $.001 Par Value	CHTR	NASDAQ Global Select Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer x Accelerated filer o Non-accelerated filer o Smaller reporting company ☐ Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No x

Number of shares of Class A common stock outstanding as of ~~September~~March 3031, ~~2025~~2026: ~~129~~122,~~409~~984,~~366~~536

Number of shares of Class B common stock outstanding as of March 31, 2026: 1

CHARTER COMMUNICATIONS, INC.

QUARTERLY REPORT ON FORM 10-Q FOR THE PERIOD ENDED ~~SEPTEMBER~~MARCH 3031, ~~2025~~2026

TABLE OF CONTENTS

		Page No.
PART I	FINANCIAL INFORMATION
Item 1	Financial Statements ‑ Charter Communications, Inc. and Subsidiaries
	Consolidated Balance Sheets as of September 30, 2025 and December 31, 2024	1
	Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025	1
	Consolidated Statements of Operations
	for the three and nine months ended September 30, 2025 and 2024	2
	for the three months ended March 31, 2026 and 2025	2
	Consolidated Statements of Changes in Shareholders' Equity
	for the three and nine months ended September 30, 2025 and 2024	3
	for the three months ended March 31, 2026 and 2025	3
	Consolidated Statements of Cash Flows
	for the nine months ended September 30, 2025 and 2024	5
	for the three months ended March 31, 2026 and 2025	4
	Notes to Consolidated Financial Statements	65
Item 2	Management's Discussion and Analysis of Financial Condition and Results of Operations	1514
Item 3	Quantitative and Qualitative Disclosure About Market Risk	2826
Item 4	Controls and Procedures	2826
PART II	OTHER INFORMATION
Item 1	Legal Proceedings	3028
Item 1A	Risk Factors	3028
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds	3528
Item 6	Exhibits	3528
Signatures		S-1
Exhibit Index		E-1

This quarterly report on Form 10-Q is for the three ~~and nine~~ months ended ~~September~~March 3031, ~~2025~~2026. The United States Securities and Exchange Commission (“SEC”) allows us to “incorporate by reference” information that we file with the SEC, which means that we can disclose important information to you by referring you directly to those documents. In this quarterly report, “Charter,” “we,” “us” and “our” refer to Charter Communications, Inc. and its subsidiaries.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This quarterly report includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our plans, strategies and prospects, both business and financial including, without limitation, the forward-looking statements set forth in Part I, Item 2. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this quarterly report. Although we believe that our plans, intentions and expectations as reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions including, without limitation, the factors described under “Risk Factors” in Part I, Item 1A of our most recent Form 10-K filed with the SEC. Many of the forward-looking statements contained in this quarterly report may be identified by the use of forward-looking words such as “believe,” “future,” “expect,” “anticipate,” “should,” “planned,” “will,” “may,” “intend,” “estimated,” “aim,” “on track,” “target,” “opportunity,” “tentative,” “positioning,” “designed,” “create,” “predict,” “project,” “initiatives,” “seek,” “would,” “could,” “continue,” “ongoing,” “upside,” “increases,” “grow,” “focused on” and “potential,” among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this quarterly report are set forth in this quarterly report on Form 10-Q, in our annual report on Form 10-K, and in other reports or documents that we file from time to time with the SEC, and include, but are not limited to:

•our ability to sustain and grow revenues and cash flow from operations by offering Internet, mobile, video, voice, advertising and other services to residential and commercial customers, to adequately meet the customer experience demands in our service areas and to maintain and grow our customer base, particularly in the face of increasingly aggressive competition, the need for innovation and the related capital expenditures;

•the impact of competition from other market participants, including but not limited to incumbent telephone companies, direct broadcast satellite ("DBS") operators, wireless and satellite broadband and telephone providers, digital subscriber line (“DSL”) providers, fiber to the home providers and providers of video content over broadband Internet connections;

•general business conditions, unemployment levels and the level of activity in the housing sector and economic uncertainty or downturn;

•our ability to develop and deploy new products and technologies including consumer services and service platforms;

•any events that disrupt our networks, information systems or properties and impair our operating activities or our reputation;

•the effects of governmental regulation on our business including subsidies to consumers, subsidies and incentives for competitors, costs, disruptions and possible limitations on operating flexibility related to, and our ability to comply with, regulatory conditions applicable to us;

•our ability to procure necessary services and equipment from our vendors in a timely manner and at reasonable costs including in connection with our network evolution and rural construction initiatives;

•our ability to obtain programming at reasonable prices or to raise prices to offset, in whole or in part, the effects of higher programming costs (including retransmission consents and distribution requirements);

•the ability to hire and retain key personnel;

•the availability and access, in general, of funds to meet our debt obligations prior to or when they become due and to fund our operations and necessary capital expenditures, either through (i) cash on hand, (ii) free cash flow, or (iii) access to the capital or credit markets;

•our ability to comply with all covenants in our indentures and credit facilities, any violation of which, if not cured in a timely manner, could trigger a default of our other obligations under cross-default provisions;

•our ability to satisfy the conditions to consummate the Liberty Broadband Combination and/or the Cox Transactions and/or to consummate the Liberty Broadband Combination and/or the Cox Transactions in a timely manner or at all;

•the risks related to us being restricted in the operation of our business while the Liberty Broadband Merger Agreement and the Cox Communications Transaction Agreement are in effect;

•other risks related to the Liberty Broadband Combination as described in the definitive joint proxy statement/prospectus with respect to the Liberty Broadband Combination, filed by Charter on January 22, 2025, including the sections entitled “Risk Factors” and “Where You Can Find More Information” included therein; and

•other risks related to the Cox Transactions as described in the definitive proxy statement with respect to the Cox Transactions, filed by Charter on July 2, 2025, including the sections entitled “Risk Factors” and “Where You Can Find More Information” included therein.

All forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by this cautionary statement. We are under no duty or obligation to update any of the forward-looking statements after the date of this quarterly report.

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements.

CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(dollars in millions, except share data)

	September 30,2025		December 31,2024
	March 31,2026		December 31,2025
	(unaudited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	~~464~~517	$	~~459~~477
Accounts receivable, less allowance for doubtful accounts of $234 and $204, respectively	3,598		3,097
Accounts receivable, less allowance for doubtful accounts of $219 and $219, respectively	3,510		3,680
Prepaid expenses and other current assets	~~805~~933		~~677~~987
Total current assets	4,~~867~~960		45,~~233~~144
INVESTMENT IN CABLE PROPERTIES:
Property, plant and equipment, net of accumulated depreciation of $41,239 and $39,409, respectively	45,187		42,913
Property, plant and equipment, net of accumulated depreciation of $41,611 and $41,514, respectively	47,198		46,444
Customer relationships, net of accumulated amortization of $17,759 and $17,319, respectively	555		975
Customer relationships, net of accumulated amortization of $17,991 and $17,875, respectively	324		440
Franchises	67,~~468~~471		67,~~462~~471
Goodwill	29,710		29,~~674~~710
Total investment in cable properties, net	~~142~~144,~~920~~703		~~141~~144,~~024~~065
OTHER NONCURRENT ASSETS	54,~~063~~981		45,~~763~~004
Total assets	$	~~152~~154,~~850~~644	$	~~150~~154,~~020~~213
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable, accrued and other current liabilities	$	12,~~244~~375	$	1112,~~687~~556
Current portion of long-term debt	~~750~~—		~~1,799~~750
Total current liabilities	12,~~994~~375		13,~~486~~306
LONG-TERM DEBT	94,~~413~~414		9294,~~134~~006
EQUIPMENT INSTALLMENT PLAN FINANCING FACILITY	1,~~365~~596		1,~~072~~447
DEFERRED INCOME TAXES	1920,~~604~~049		1819,~~845~~841
OTHER LONG-TERM LIABILITIES	45,~~886~~140		45,~~776~~094
SHAREHOLDERS’ EQUITY:
Class A common stock; $0.001 par value; 900 million shares authorized;
142,990,100 and 141,946,426 shares issued, respectively	—		—
127,666,355 and 126,631,549 shares issued, respectively	—		—
Class B common stock; $0.001 par value; 1,000 shares authorized;
1 share issued and outstanding	—		—
Preferred stock; $0.001 par value; 250 million shares authorized;no shares issued and outstanding	—		—
Additional paid-in capital	2321,~~842~~635		2321,~~337~~447
Accumulated deficit	(4,~~095~~230)		(75,~~750~~393)
Treasury stock at cost; 13,580,734 and no shares, respectively	(4,407)		—
Treasury stock at cost; 4,681,819 and no shares, respectively	(1,020)		—
Total Charter shareholders’ equity	1516,~~340~~385		1516,~~587~~054
Noncontrolling interests	4,~~248~~685		4,~~120~~465
Total shareholders’ equity	1921,~~588~~070		1920,~~707~~519
Total liabilities and shareholders’ equity	$	~~152~~154,~~850~~644	$	~~150~~154,~~020~~213

The accompanying notes are an integral part of these consolidated financial statements.

CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(dollars in millions, except per share data)

Unaudited

Three Months Ended September 30,

Nine Months Ended September 30,

Three Months Ended March 31,

2025

2024

2025

2024

2026

2025

REVENUES

~~13,672~~

~~13,795~~

4113,~~173~~597

4113,~~159~~735

COSTS AND EXPENSES:

Operating costs and expenses (exclusive of items shown separately below)

~~8,262~~

~~8,294~~

248,~~686~~163

248,~~863~~194

Depreciation and amortization

~~2,160~~

~~2,145~~

62,~~517~~211

62,~~505~~181

Other operating expenses, net

~~119~~

~~323~~15

62123

10,541

10,460

31,526

31,430

10,389

10,498

Income from operations

~~3,131~~

~~3,335~~

93,~~647~~208

93,~~729~~237

OTHER INCOME (EXPENSES):

Interest expense, net

~~(1,268)~~

~~(1,311)~~

(31,~~772~~256)

(31,~~955~~241)

Other expenses, net

~~(129)~~

~~(144)~~

(~~378~~124)

(~~318~~142)

(1,397)

(1,455)

(4,150)

(4,273)

(1,380)

(1,383)

Income before income taxes

~~1,734~~

~~1,880~~

51,~~497~~828

51,~~456~~854

Income tax expense

~~(418)~~

~~(406)~~

(~~1,277~~465)

(~~1,279~~445)

Consolidated net income

~~1,316~~

~~1,474~~

41,~~220~~363

41,~~177~~409

Less: Net income attributable to noncontrolling interests

~~(179)~~

~~(194)~~

(~~565~~200)

(~~560~~192)

Net income attributable to Charter shareholders

~~1,137~~

~~1,280~~

31,~~655~~163

31,~~617~~217

EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CHARTER SHAREHOLDERS:

Basic

~~8.50~~

~~8.99~~

269.5227

258.2359

Diluted

~~8.34~~

~~8.82~~

259.9517

248.8642

Weighted average common shares outstanding, basic

~~133,763,886~~

~~142,308,740~~

~~137~~125,~~825~~488,~~025~~486

~~143~~141,~~379~~591,~~041~~396

Weighted average common shares outstanding, diluted

~~136,395,133~~

~~145,059,470~~

~~140~~126,~~826~~849,~~301~~271

~~145~~144,~~489~~574,~~370~~684

The accompanying notes are an integral part of these consolidated financial statements.

CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

(dollars in millions)

Unaudited

	Class A Common Stock		Class B Common Stock		Additional Paid-in Capital		Accumulated Deficit		Treasury Stock		Total Charter Shareholders’ Equity		Non-controlling Interests		Total Shareholders’ Equity
BALANCE, December 31, 2024	$	—	$	—	$	23,337	$	(7,750)	$	—	$	15,587	$	4,120	$	19,707
BALANCE, December 31, 2025	$	—	$	—	$	21,447	$	(5,393)	$	—	$	16,054	$	4,465	$	20,519
Consolidated net income	—		—		—		1,~~217~~163		—		1,~~217~~163		~~192~~200		1,~~409~~363
Stock compensation expense	—		—		~~222~~203		—		—		~~222~~203		—		~~222~~203
Exercise of stock options	—		—		17		—		—		17		—		17
Purchases of treasury stock, including excise tax	—		—		—		—		(806)		(806)		—		(806)
Purchase of noncontrolling interest, net of tax	—		—		(5)		—		—		(5)		(14)		(19)
Change in noncontrolling interest ownership, net of tax	—		—		15		—		—		15		(20)		(5)
Distributions to noncontrolling interest	—		—		—		—		—		—		(3)		(3)
BALANCE, March 31, 2025	—		—		23,586		(6,533)		(806)		16,247		4,275		20,522
Consolidated net income	—		—		—		1,301		—		1,301		194		1,495
Stock compensation expense	—		—		157		—		—		157		—		157
Exercise of stock options	—		—		2		—		—		2		—		2
Purchases of treasury stock, including excise tax	—		—		—		—		(1,~~467~~020)		(1,~~467~~020)		—		(1,~~467~~020)
Purchase of noncontrolling interest, net of tax	—		—		(45)		—		—		(45)		(171)		(216)
Change in noncontrolling interest ownership, net of tax	—		—		(17)		—		—		(17)		22		5
Change in noncontrolling interest ownership, net of tax	—		—		14		—		—		14		(18)		(4)
Distributions to noncontrolling interest	—		—		—		—		—		—		(2)		(2)
Distributions to noncontrolling interest	—		—		—		—		—		—		(121)		(121)
BALANCE, March 31, 2026	$	—	$	—	$	21,635	$	(4,230)	$	(1,020)	$	16,385	$	4,685	$	21,070
BALANCE, June 30, 2025	—		—		23,714		(5,232)		(2,273)		16,209		4,159		20,368
Consolidated net income	—		—		—		1,137		—		1,137		179		1,316
Stock compensation expense	—		—		151		—		—		151		—		151
Exercise of stock options	—		—		1		—		—		1		—		1
Purchases of treasury stock, including excise tax	—		—		—		—		(2,134)		(2,134)		—		(2,134)
Purchase of noncontrolling interest, net of tax	—		—		(25)		—		—		(25)		(88)		(113)
Change in noncontrolling interest ownership, net of tax	—		—		1		—		—		1		(2)		(1)
Distributions to noncontrolling interest	—		—		—		—		—		—		—		—
BALANCE, September 30, 2025	$	—	$	—	$	23,842	$	(4,095)	$	(4,407)	$	15,340	$	4,248	$	19,588


	Class A Common Stock		Class B Common Stock		Additional Paid-in Capital		Accumulated Deficit		Treasury Stock		Total Charter Shareholders’ Equity		Non-controlling Interests		Total Shareholders’ Equity
BALANCE, December 31, 2024	$	—	$	—	$	23,337	$	(7,750)	$	—	$	15,587	$	4,120	$	19,707
Consolidated net income	—		—		—		1,217		—		1,217		192		1,409
Stock compensation expense	—		—		222		—		—		222		—		222
Exercise of stock options	—		—		17		—		—		17		—		17
Purchases of treasury stock, including excise tax	—		—		—		—		(806)		(806)		—		(806)
Purchase of noncontrolling interest, net of tax	—		—		(5)		—		—		(5)		(14)		(19)
Change in noncontrolling interest ownership, net of tax	—		—		15		—		—		15		(20)		(5)
Distributions to noncontrolling interest	—		—		—		—		—		—		(3)		(3)
BALANCE, March 31, 2025	$	—	$	—	$	23,586	$	(6,533)	$	(806)	$	16,247	$	4,275	$	20,522

The accompanying notes are an integral part of these consolidated financial statements.

CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF ~~CHANGES~~CASH INFLOWS ~~SHAREHOLDERS’ EQUITY~~

(dollars in millions)

Unaudited

	Class A Common Stock		Class B Common Stock		Additional Paid-in Capital		Accumulated Deficit		Treasury Stock		Total Charter Shareholders’ Equity		Non-controlling Interests		Total Shareholders’ Equity
	Three Months Ended March 31,
BALANCE, December 31, 2023	$	—	$	—	$	23,346	$	(12,260)	$	—	$	11,086	$	3,632	$	14,718
	2026				2025
Consolidated net income	—		—		—		1,106		—		1,106		174		1,280
CASH FLOWS FROM OPERATING ACTIVITIES:
Stock compensation expense	—		—		214		—		—		214		—		214
Consolidated net income	$	1,363			$	1,409
Exercise of stock options	—		—		2		—		—		2		—		2
Adjustments to reconcile consolidated net income to net cash flows from operating activities:
Purchases of treasury stock, including excise tax	—		—		—		—		(516)		(516)		—		(516)
Depreciation and amortization	2,211				2,181
Purchase of noncontrolling interest, net of tax	—		—		(28)		—		—		(28)		(58)		(86)
Stock compensation expense	203				222
Change in noncontrolling interest ownership, net of tax	—		—		10		—		—		10		(13)		(3)
Noncash interest, net	6				8
Distributions to noncontrolling interest	—		—		—		—		—		—		(3)		(3)
Deferred income taxes	214				(27)
BALANCE, March 31, 2024	—		—		23,544		(11,154)		(516)		11,874		3,732		15,606
Other, net	126				233
Consolidated net income	—		—		—		1,231		—		1,231		192		1,423
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:
Stock compensation expense	—		—		153		—		—		153		—		153
Accounts receivable	5				(48)
Purchases of treasury stock, including excise tax	—		—		—		—		(363)		(363)		—		(363)
Prepaid expenses and other assets	7				(235)
Purchase of noncontrolling interest, net of tax	—		—		(4)		—		—		(4)		(42)		(46)
Accounts payable, accrued liabilities and other	169				493
Change in noncontrolling interest ownership, net of tax	—		—		(12)		—		—		(12)		14		2
Net cash flows from operating activities	4,304				4,236
Distributions to noncontrolling interest	—		—		—		—		—		—		(61)		(61)
CASH FLOWS FROM INVESTING ACTIVITIES:
BALANCE, June 30, 2024	—		—		23,681		(9,923)		(879)		12,879		3,835		16,714
Purchases of property, plant and equipment	(2,855)				(2,399)
Consolidated net income	—		—		—		1,280		—		1,280		194		1,474
Change in accrued expenses related to capital expenditures	(77)				(273)
Stock compensation expense	—		—		146		—		—		146		—		146
Other, net	(42)				(132)
Exercise of stock options	—		—		27		—		—		27		—		27
Net cash flows from investing activities	(2,974)				(2,804)
Purchases of treasury stock, including excise tax	—		—		—		—		(224)		(224)		—		(224)
CASH FLOWS FROM FINANCING ACTIVITIES:
Purchase of noncontrolling interest, net of tax	—		—		(6)		—		—		(6)		(36)		(42)
Borrowings of long-term debt	7,216				1,393
Change in noncontrolling interest ownership, net of tax	—		—		(3)		—		—		(3)		6		3
Borrowings of equipment installment plan financing facility	148				121
Distributions to noncontrolling interest	—		—		—		—		—		—		(44)		(44)
Repayments of long-term debt	(7,499)				(1,609)
BALANCE, September 30, 2024	$	—	$	—	$	23,845	$	(8,643)	$	(1,103)	$	14,099	$	3,955	$	18,054
Payments for debt issuance costs	(30)				—
Purchase of treasury stock	(1,026)				(802)
Proceeds from exercise of stock options	2				17
Purchase of noncontrolling interest	—				(20)
Distributions to noncontrolling interest	(2)				(3)
Other, net	(115)				(169)
Net cash flows from financing activities	(1,306)				(1,072)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	24				360
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period	598				506
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period	$	622			$	866
CASH PAID FOR INTEREST	$	1,067			$	995

As of March 31, 2026, December 31, 2025, March 31, 2025 and December 31, 2024, cash, cash equivalents and restricted cash includes $105 million, $121 million, $70 million and $47 million of restricted cash included in prepaid expenses and other current assets in the consolidated balance sheets, respectively.

The accompanying notes are an integral part of these consolidated financial statements.

CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(dollars in millions)

Unaudited

	Nine Months Ended September 30,
	2025		2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated net income	$	4,220	$	4,177
Adjustments to reconcile consolidated net income to net cash flows from operating activities:
Depreciation and amortization	6,517		6,505
Stock compensation expense	530		513
Noncash interest, net	22		25
Deferred income taxes	772		48
Other, net	498		264
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:
Accounts receivable	(334)		(99)
Prepaid expenses and other assets	(355)		(537)
Accounts payable, accrued liabilities and other	446		74
Net cash flows from operating activities	12,316		10,970
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(8,324)		(8,207)
Change in accrued expenses related to capital expenditures	239		510
Other, net	(497)		(378)
Net cash flows from investing activities	(8,582)		(8,075)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings of long-term debt	12,019		17,388
Borrowings of equipment installment plan financing facility	292		1,000
Repayments of long-term debt	(10,921)		(19,899)
Payments for debt issuance costs	(17)		(27)
Purchase of treasury stock	(4,366)		(1,099)
Proceeds from exercise of stock options	20		29
Purchase of noncontrolling interest	(373)		(185)
Distributions to noncontrolling interest	(124)		(108)
Other, net	(249)		47
Net cash flows from financing activities	(3,719)		(2,854)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	15		41
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period	506		709
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period	$	521	$	750
CASH PAID FOR INTEREST	$	3,610	$	3,812
CASH PAID FOR INCOME TAXES	$	767	$	1,120

As of September 30, 2025, December 31, 2024 and September 30, 2024, cash, cash equivalents and restricted cash includes $57 million, $47 million and $29 million of restricted cash included in prepaid expenses and other current assets in the consolidated balance sheets, respectively.

The accompanying notes are an integral part of these consolidated financial statements.

CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

(dollars in millions, except per share amounts and where indicated)

1. Organization and Basis of Presentation

Organization

Charter Communications, Inc. (together with its controlled subsidiaries, “Charter,” or the “Company”) is a leading broadband connectivity company with services available to homes and small to large businesses through its Spectrum® brand. Founded in 1993, the Company has evolved from providing cable TV to streaming, and from high-speed Internet to a converged broadband, WiFi and mobile experience. Over the Spectrum Fiber Broadband Network and supported by ~~our~~the Company’s 100% U.S.-based employees, the Company offers Seamless Connectivity and Entertainment with Spectrum Internet®, Mobile, TV and Voice products.

Charter is a holding company whose principal asset is a controlling equity interest in Charter Communications Holdings, LLC (“Charter Holdings”), an indirect owner of Charter Communications Operating, LLC (“Charter Operating”) under which substantially all of the operations reside. All significant intercompany accounts and transactions among consolidated entities have been eliminated.

Basis of Presentation

The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, certain information and footnote disclosures typically included in the Company's Annual Report on Form 10-K have been condensed or omitted for this quarterly report. The accompanying consolidated financial statements are unaudited and are subject to review by regulatory authorities. However, in the opinion of management, such financial statements include all adjustments, which consist of only normal recurring adjustments, necessary for a fair presentation of the results for the periods presented. Interim results are not necessarily indicative of results for a full year.

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Areas involving significant judgments and estimates include capitalization of labor and overhead costs, ~~pension~~valuation ~~benefits~~and impairment of franchise assets and goodwill, and income taxes. Actual results could differ from those estimates. ~~Certain prior period amounts have been reclassified to conform with the 2025 presentation.~~

Comprehensive income equaled net income attributable to Charter shareholders for the three ~~and nine~~ months ended ~~September~~March 3031, ~~2025~~2026 and ~~2024~~2025.

2. Mergers and Acquisitions

On May 16, 2025, Charter, Charter Holdings, and Cox Enterprises, Inc. (“Cox Enterprises”) entered into a Transaction Agreement (the “Transaction Agreement”) pursuant to which (i) Cox Enterprises will sell and transfer to Charter 100% of the equity interests of certain subsidiaries of Cox Communications, Inc. (“Cox Communications”) that conduct Cox Communications’ commercial fiber and managed IT and cloud services businesses (the “Equity Sale”), (ii) Cox Enterprises will contribute the equity interests of Cox Communications and certain other assets (other than certain excluded assets) primarily related to Cox Communications’ residential cable business to Charter Holdings (the “Contribution”), and (iii) Cox Enterprises will pay $1.00 to Charter (collectively, the “Cox Transactions”). Under the Transaction Agreement, Charter and Cox Enterprises may designate one or more wholly owned subsidiaries to take actions with respect to Charter and Cox Enterprises, respectively.

Pursuant to the Transaction Agreement, at the closing of the Cox Transactions:

•in consideration of the Equity Sale, Charter will pay $3.5 billion in cash to Cox Enterprises;

CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

(dollars in millions, except per share amounts and where indicated)

Charter Holdings convertible preferred units will be convertible into Charter Holdings common units, with an initial conversion price of $477.41, subject to certain adjustments. The Charter Holdings common units will be exchangeable by the holder, in certain circumstances, for cash or, at the election of Charter, Charter Class A common stock on a one-for-one basis, subject to certain adjustments; and

•in consideration of the $1.00 payment from Cox Enterprises to Charter, Charter will issue to Cox Enterprises one share of the newly created Charter Class C common stock. The Charter Class C common stock will be equivalent, economically, to the outstanding Charter Class A common stock and the Charter Class B common stock but will have a number of votes per share that reflect the voting power of the Charter Holdings common units and the Charter Holdings convertible preferred units held by Cox Enterprises on an as-converted, as-exchanged basis.

The combined entity will assume Cox Communications’ approximately $12.4 billion in outstanding net debt and finance leases.

3. Accounts Payable, Accrued and Other Current Liabilities

Accounts payable, accrued and other current liabilities consist of the following as of ~~September~~March 3031, ~~2025~~2026 and December 31, ~~2024~~2025:

	September 30, 2025		December 31, 2024
	March 31, 2026		December 31, 2025
Accounts payable – trade	$	~~965~~1,049	$	~~880~~1,034
Deferred revenue	~~441~~456		~~456~~422
Accrued and other current liabilities:
Programming costs	1,~~588~~608		1,~~576~~575
Labor	1,~~508~~126		1,365
Capital expenditures	3,~~106~~239		23,~~906~~296
Interest	1,~~367~~448		1,~~208~~259
Taxes and regulatory fees	~~508~~477		~~649~~521
Short-term borrowings	~~537~~812		~~758~~918
Other	2,~~224~~160		12,~~889~~166
	$	12,~~244~~375	$	1112,~~687~~556

Under a supply chain finance program, the Company has agreements with third parties that allow its participating vendors to finance payment obligations from the Company with designated third-party financial institutions who act as its paying agent. As a result, the Company has generally extended its payment terms with vendors. A participating vendor may request a participating financial institution to finance one or more of the Company's payment obligations to such vendor prior to the scheduled due date thereof at a discounted price. The Company is not required to provide collateral to the financial institutions. The Company's obligations to participating vendors, including amounts due and scheduled payment dates, are not impacted by the vendors’ decisions to finance amounts due under these financing arrangements. The Company's outstanding payment obligations to participating vendors were $~~714~~672 million and $~~576~~735 million as of ~~September~~March 3031, ~~2025~~2026 and December 31, ~~2024~~2025, respectively, and are included in accounts payable - trade and accrued capital expenditures above. Cash outflows to the financial institutions are classified as cash flows from operating and investing activities.

Under a deferred payment program, the Company has agreements with third parties ~~specifically~~to ~~for its mobile handset purchases. Under the deferred payment program, the third parties~~ pay ~~the~~certain ~~Company’s mobile handset~~ invoices when due, and the Company pays the third parties at a later date, the invoice amount plus interest. The Company's outstanding payment obligation to participating vendors under the deferred payment plan was $~~537~~812 million and $~~758~~918 million as of ~~September~~March 3031, ~~2025~~2026 and December 31, ~~2024~~2025, respectively, and is included in short-term borrowings. Cash outflows to the financial institutions are classified as cash flows from financing activities.

CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

(dollars in millions, except per share amounts and where indicated)

4. Total Debt

A summary of our debt as of ~~September~~March 3031, ~~2025~~2026 and December 31, ~~2024~~2025 is as follows:

September 30, 2025

December 31, 2024

March 31, 2026

December 31, 2025

Principal Amount

Carrying Value

Fair Value

Principal Amount

Carrying Value

Fair Value

Senior unsecured notes

27,250

27,~~193~~174

25,~~853~~527

27,250

27,~~182~~197

2425,~~881~~634

Senior secured notes and debentures(a)

55,~~414~~387

55,~~662~~620

4947,~~440~~245

5655,~~195~~418

5655,~~475~~658

4748,~~896~~030

Credit facilities(b)

1211,~~359~~665

1211,~~308~~620

1211,~~211~~471

1011,~~334~~949

1011,~~276~~901

1011,~~079~~803

9594,~~023~~302

9594,~~163~~414

8784,~~504~~243

9394,~~779~~617

9394,~~933~~756

8285,~~856~~467

(a)Includes the Company's £625 million fixed-rate British pound sterling denominated notes (the “Sterling Notes”) (remeasured at $~~840~~827 million and $~~782~~842 million as of ~~September~~March 3031, ~~2025~~2026 and December 31, ~~2024~~2025, respectively, using the exchange rate at the respective dates) and the Company's £650 million aggregate principal amount of Sterling Notes (remeasured at $~~874~~860 million and $~~813~~876 million as of ~~September~~March 3031, ~~2025~~2026 and December 31, ~~2024~~2025, respectively, using the exchange rate at the respective dates).

(b)The Company has availability under the Charter Operating credit facilities of approximately $4.06 billion as of ~~September~~March 3031, ~~2025~~2026.

The estimated fair value of the Company’s senior unsecured and secured notes and debentures as of ~~September~~March 3031, ~~2025~~2026 and December 31, ~~2024~~2025 is based on quoted market prices in active markets and is classified within Level 1 of the valuation hierarchy, while the estimated fair value of the Company’s credit facilities is based on quoted market prices in inactive markets and is classified within Level 2.

In ~~September~~February ~~2025~~2026, ~~Charter~~CCO ~~Operating~~Holdings and ~~Charter~~CCO ~~Communications~~Holdings ~~Operating~~ Capital Corp. ~~jointly~~redeemed ~~issued~~ $~~1.25~~750 million ~~billion~~in ~~of 5.850% senior secured notes due December 2035 at a price of 99.932% of the~~ aggregate principal amount ~~and~~of ~~$750~~the ~~million~~outstanding ~~of 6~~5.~~700~~500% senior ~~secured~~ notes due ~~December~~2026 ~~2055~~and ~~at a price of 99~~$2.~~832%~~25 billion ofin ~~the~~ aggregate principal amount~~. The~~ ~~net~~of ~~proceeds~~the ~~were~~outstanding ~~used for general corporate purposes, including to repay certain indebtedness, including Charter Operating’s 6~~5.~~150~~125% senior ~~secured~~ notes due ~~2026, to fund potential buybacks of Charter Class A common stock and Charter Holdings common units, and to pay related fees and expenses~~2027. The transactions resulted in a loss on extinguishment of debt of approximately $284 million during the three ~~and nine~~ months ended ~~September~~March 3031, ~~2025~~2026 recorded in other expenses, net in the consolidated statement of operations.

5. Equipment Installment Plan Financing Facility

CCO EIP Financing, LLC (the “SPV Borrower”), a bankruptcy remote special purpose vehicle and consolidated subsidiary of the Company, is the borrower of a senior secured revolving credit facility to finance the purchase of equipment installment plan receivables (“EIP Receivables”) with a number of financial institutions (the “EIP Financing Facility”).

The revolving credit facility under the EIP Financing Facility bears interest on the outstanding borrowings based on lenders’ cost of funds plus an applicable margin and was 54.4485% and 5.7814% as of ~~September~~March 3031, ~~2025~~2026 and December 31, ~~2024~~2025, respectively. ~~In June 2025, the revolving credit facility under the EIP Financing Facility was amended to extend the maturity date and increase borrowing capacity to $1.6 billion, among other amendments.~~ The EIP Financing Facility has a final maturity date of ~~December~~November 203, ~~2028~~2029, comprised of a ~~six~~twelve-month revolving loan period subject to renewal, and if not renewed, cash flows on EIP Receivables are applied to amortize the loan which may occur over a period of up to three years. SPV Borrower may borrow up to $2.0 billion under the EIP Financing Facility. As of ~~September~~March 3031, ~~2025~~2026 and December 31, ~~2024~~2025, the carrying value of the EIP Financing Facility was $1.46 billion and $1.14 billion, respectively, and is included in the Company’s consolidated balance sheets.

The SPV Borrower’s sole business consists of the purchase or acceptance through capital contributions of the EIP Receivables from Spectrum Mobile Equipment, LLC, (the sole direct parent entity of SPV Borrower that originates the EIP Receivables) and the subsequent retransfer of or granting of a security interest in such EIP Receivables to the administrative agent under the EIP Financing Facility. The SPV Borrower is a separate legal entity with its own separate creditors who will be entitled, upon its liquidation, to be satisfied out of the SPV Borrower’s assets prior to any assets or value in the SPV Borrower becoming available to the SPV Borrower’s equity holders, and the assets of the SPV Borrower are not available to pay creditors of any other affiliate of the Company.

8The EIP Financing Facility is accounted for on a consolidated basis as a secured borrowing. As of March 31, 2026 and December 31, 2025, pledged EIP Receivables with an unpaid principal balance of $2.2 billion included in accounts receivable,

CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

(dollars in millions, except per share amounts and where indicated)

~~available~~net toand ~~the~~other ~~SPV~~noncurrent ~~Borrower’s~~assets, ~~equity~~and ~~holders~~restricted cash of $105 million and $121 million, respectively, included in prepaid expenses and ~~the~~other current assets, ofare held by the SPV Borrower ~~are~~and ~~not~~reflected ~~available~~in the Company’s consolidated balance sheets. Receipts from mobile customers related to ~~pay~~the ~~creditors~~underlying ofEIP ~~any~~Receivables ~~other~~are ~~affiliate~~reflected ofas cash flows from operating activities and borrowings and repayments under the EIP Financing Facility are reflected as cash flows from financing activities in the Company.’s consolidated statements of cash flows.

The EIP Financing Facility is accounted for on a consolidated basis as a secured borrowing. As of September 30, 2025 and December 31, 2024, pledged EIP Receivables with an unpaid principal balance of $2.0 billion and $1.6 billion, respectively, included in accounts receivable, net and other noncurrent assets, and restricted cash of $57 million and $47 million, respectively, included in prepaid expenses and other current assets, are held by the SPV Borrower and reflected in the Company’s consolidated balance sheets. Receipts from mobile customers related to the underlying EIP Receivables are reflected as cash flows from operating activities and borrowings and repayments under the EIP Financing Facility are reflected as cash flows from financing activities in the Company’s consolidated statements of cash flows.

6. Common Stock

The following represents the Company's purchase of Charter Class A common stock and the effect on the consolidated statements of cash flows during the three ~~and nine~~ months ended ~~September~~March 3031, ~~2025~~2026 and ~~2024~~2025.

	Three Months Ended September 30,						Nine Months Ended September 30,
		Three Months Ended March 31,
	2025			2024			2025			2024
				2026			2025
	~~Shares~~	$		~~Shares~~	$		Shares	$		Shares	$
Share buybacks	~~7,298,058~~	$	~~2,099~~	~~695,494~~	$	~~218~~	134,~~135~~288,~~958~~095	$	~~4,273~~963	32,~~426~~005,~~918~~395	$	~~1,048~~731
Income tax withholding	~~53,912~~	14		~~12,804~~	4		~~275~~328,~~312~~912	9363		~~144~~202,~~363~~074	5171
Exercise cost	~~7,718~~	—		~~52,713~~	—		~~169~~64,~~464~~812	—		7869,~~937~~166	—
	7,359,688	$	2,113	761,011	$	222	13,580,734	$	4,366	3,650,218	$	1,099
							4,681,819	$	1,026	2,276,635	$	802

Share buybacks above include shares of Charter Class A common stock purchased from Liberty Broadband Corporation (“Liberty Broadband”) as follows.

	Three Months Ended September 30,				Nine Months Ended September 30,
			Three Months Ended March 31,
	2025		2024		2025		2024
					2026		2025
Number of shares purchased	~~893,798~~		~~354,108~~		2870,~~528,059~~753		~~698~~825,~~011~~420
Amount of shares purchased	$	~~300~~	$	~~110~~	$	~~900~~190	$	~~226~~300

As of ~~September~~March 3031, ~~2025~~2026, Charter had remaining board authority to purchase an additional $~~252~~179 million of Charter’s Class A common stock and/or Charter Holdings common units, excluding purchases from Liberty Broadband. The Company also withholds shares of its Class A common stock in payment of income tax withholding owed by employees upon vesting of equity awards as well as exercise costs owed by employees upon exercise of stock options.

In ~~2024~~2025, Charter’s board of directors approved the retirement of the then currently held treasury stock and those shares were retired as of December 31, ~~2024~~2025. The Company accounts for treasury stock using the cost method and includes treasury stock as a component of total shareholders’ equity.

7. Noncontrolling Interests

Noncontrolling interests represents consolidated subsidiaries of which the Company owns less than 100%. The Company is a holding company whose principal asset is a controlling equity interest in Charter Holdings, the indirect owner of the Company’s cable systems. Noncontrolling interests on the Company’s balance sheet consist primarily of Advance/Newhouse Partnership's (“A/N”) equity interests in Charter Holdings, which is comprised of a common ownership interest.

Net income of Charter Holdings attributable to A/N’s common noncontrolling interest for financial reporting purposes is based on the weighted average effective common ownership interest of approximately 1011%, and was $~~179~~199 million and $~~564~~191 million for the three months ended March 31, 2026 and 2025, respectively.

CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

(dollars in millions, except per share amounts and where indicated)

~~for~~The ~~the~~following ~~three~~table represents Charter Holdings' purchase of Charter Holdings common units from A/N and ~~nine~~the effect on total shareholders' equity during the three months ended ~~September~~March 3031, 2025,. Charter ~~respectively,~~Holdings' ~~and~~did ~~$193~~not ~~million~~purchase ~~and~~any ~~$558~~Charter ~~million~~Holdings ~~for~~common ~~the~~units ~~three~~from ~~and~~A/N ~~nine~~during the three months ended ~~September~~March 3031, ~~2024, respectively~~2026.

The following table represents Charter Holdings' purchase of Charter Holdings common units from A/N and the effect on total shareholders' equity during the three and nine months ended September 30, 2025 and 2024.


	Three Months Ended March 31, 2025

Number of units purchased		51,673
Purchase of noncontrolling interest		$	20
Carrying value of noncontrolling interest purchased		$	(14)
Excess purchased recorded to additional paid-in-capital, net of tax		$	(5)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Number of units purchased	312,960		148,147		996,296		579,914
Purchase of noncontrolling interest	$	121	$	44	$	373	$	185
Carrying value of noncontrolling interest purchased	$	(88)	$	(36)	$	(273)	$	(136)
Excess purchased recorded to additional paid-in-capital, net of tax	$	(25)	$	(6)	$	(75)	$	(38)

Total shareholders' equity was also adjusted during the three months ended March 31, 2026 and 2025 due to the changes in Charter Holdings' ownership as follows.

Total shareholders' equity was also adjusted during the three and nine months ended September 30, 2025 and 2024 due to the changes in Charter Holdings' ownership as follows.


	Three Months Ended March 31,
		2026		2025
Change in noncontrolling interest		$	22	$	(20)
Change in additional paid-in-capital, net of tax		$	(17)	$	15

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Change in noncontrolling interest	$	(2)	$	6	$	(40)	$	7
Change in additional paid-in-capital, net of tax	$	1	$	(3)	$	30	$	(5)

8. Accounting for Derivative Instruments and Hedging Activities

Cross-currency derivative instruments are used to manage foreign exchange risk on the Sterling Notes by effectively converting £1.275 billion aggregate principal amount of fixed-rate British pound sterling denominated debt, including annual interest payments and the payment of principal at maturity, to fixed-rate U.S. dollar denominated debt. The fair value of the Company's cross-currency derivatives, which are classified within Level 2 of the valuation hierarchy, was $~~465~~483 million and $~~504~~406 million and is included in other long-term liabilities on its consolidated balance sheets as of ~~September~~March 3031, ~~2025~~2026 and December 31, ~~2024~~2025, respectively.

The effect of financial instruments are recorded in other expenses, net in the consolidated statements of operations and consisted of the following.

	Three Months Ended September 30,				Nine Months Ended September 30,
			Three Months Ended March 31,
	2025		2024		2025		2024
					2026		2025
Change in fair value of cross-currency derivative instruments	$	~~(72)~~	$	13	$	39(76)	$	(1613)
Foreign currency remeasurement of Sterling Notes to U.S. dollars	37		~~(92)~~		~~(119)~~31		(8152)
Loss on financial instruments, net	$	~~(35)~~	$	~~(79)~~	$	(8045)	$	(9765)

109

CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

(dollars in millions, except per share amounts and where indicated)

9. Revenues

The Company’s revenues by product line are as follows:

Three Months Ended September 30,

Nine Months Ended September 30,

Three Months Ended March 31,

2025

2024

2025

2024

2026

2025

Internet

~~5,971~~

~~5,872~~

175,~~870~~852

175,~~504~~930

Mobile service

~~954~~

~~801~~

21,~~789~~052

~~2,223~~914

Connectivity

~~6,925~~

~~6,673~~

206,~~659~~904

196,~~727~~844

Video

~~3,388~~

~~3,735~~

103,~~452~~252

113,~~510~~580

Voice

~~332~~

~~360~~

~~1,034~~338

~~1,084~~356

Residential revenue

~~10,645~~

~~10,768~~

3210,~~145~~494

3210,~~321~~780

Small business

~~1,086~~

~~1,096~~

31,~~266~~090

31,~~285~~088

Mid-market & large business

~~749~~

~~723~~

~~2,227~~749

~~2,152~~734

Commercial revenue

~~1,835~~

~~1,819~~

51,~~493~~839

51,~~437~~822

Advertising sales

~~356~~

~~452~~

~~1,067~~358

~~1,240~~340

Other

~~836~~

~~756~~

~~2,468~~906

~~2,161~~793

~~13,672~~

~~13,795~~

4113,~~173~~597

4113,~~159~~735

As of ~~September~~each March 3031, ~~2025~~2026 and December 31, ~~2024~~2025, accounts receivable, net on the consolidated balance sheets includes approximately $1.23 billion ~~and $967 million~~ of current equipment installment plan receivables, ~~respectively,~~ and other noncurrent assets includes approximately $1.1 billion ~~and $980 million~~ of noncurrent equipment installment plan receivables~~, respectively~~.

10. Segment Reporting

The Company’s operations are managed and reported to its Chief Executive Officer (“CEO”), the Company’s chief operating decision maker (“CODM”), on a consolidated basis. The Company provides broadband connectivity services with all of its services delivered to customers over an advanced communications network. The CODM assesses performance and allocates resources based on the Company’s consolidated statements of operations, as the converged network requires the CODM to manage and evaluate the results of the business in a consolidated manner to drive efficiencies and develop uniform strategies. Accordingly, key components and processes of the Company’s operations are managed centrally, including contracting for programming, capital and new technology development and deployment, plant engineering, customer service, marketing, legal and government affairs. Segment asset information is not used by the CODM to allocate resources. Under this organizational and reporting structure, the Company has one reportable segment.

11As a single reportable segment entity, the Company’s segment performance measure is net income attributable to Charter shareholders. See Note 9 for a description of the Company's disaggregated revenues by product line. Significant segment expenses are presented in the Company’s consolidated statements of operations. Additional disaggregated significant segment

CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

(dollars in millions, except per share amounts and where indicated)

As a single reportable segment entity, the Company’s segment performance measure is net income attributable to Charter shareholders. See Note 9 for the Company's disaggregated revenues by product line. Significant segment expenses ~~are presented in the Company’s consolidated statements of operations. Additional disaggregated significant segment expenses~~ on a functional basis, that are not separately presented on the Company’s consolidated statements of operations, are presented below.

Operating Costs and Expenses

	Three Months Ended September 30,				Nine Months Ended September 30,
			Three Months Ended March 31,
	2025		2024		2025		2024
					2026		2025
Programming	$	~~2,184~~	$	~~2,336~~	$	62,~~739~~088	$	72,~~378~~302
Other costs of revenue	~~1,677~~		~~1,604~~		41,~~912~~765		41,~~600~~584
Field and technology operations	~~1,328~~		~~1,325~~		31,~~912~~258		31,~~864~~282
Customer operations	~~814~~		~~833~~		~~2,391~~766		~~2,424~~772
Marketing and residential sales	~~976~~		~~926~~		~~2,883~~919		~~2,689~~949
Stock compensation expense (see Note 11)	~~151~~		~~146~~		~~530~~203		~~513~~222
Other expense	1,132		1,124		3,319		3,395
Transition expenses					24		—
	$	8,262	$	8,294	$	24,686	$	24,863
Other expense					1,140		1,083
					$	8,163	$	8,194

Programming costs consist primarily of costs paid to programmers for basic, premium, video on demand and pay-per-view programming. Other costs of revenue include costs directly related to providing Internet, mobile, video and voice services including mobile device costs, payments to franchise and regulatory authorities, payments for sports, local and news content produced by the Company and direct costs associated with selling advertising. Also included in other costs of revenue are content acquisition costs for the Los Angeles Lakers’ basketball games and Los Angeles Dodgers’ baseball games, which are recorded as games are exhibited over the contract period. Field and technology operations costs include indirect costs incurred to manage the Company's inside and outside cable network, including labor for the non-capitalizable portion of customer installations and service and repairs. Customer operations costs include call center labor costs for customer care, billing costs, bad debt expense, and collections. Marketing and residential sales costs represent the costs of marketing residential and business Internet, mobile, video and voice services and costs to sell to current and potential non-bulk residential customers, including labor cost. Transition expenses represent incremental costs incurred to prepare for the integration of the Cox Transactions’ operations and to bring systems and processes into a uniform operating structure. See Note 2. Other expense includes corporate overhead costs, as well as certain indirect costs associated with Spectrum Business, Spectrum Reach, Spectrum Networks and Spectrum Community Solutions, including related sales expenses.

Other Operating Expenses, Net

	Three Months Ended September 30,				Nine Months Ended September 30,
			Three Months Ended March 31,
	2025		2024		2025		2024
					2026		2025
Special charges, net	$	79	$	6	$	~~139~~(2)	$	9532
Merger and acquisition costs	21		—		6515		—
(Gain) loss on disposal of assets, net	19		15		119		(33)
Loss on disposal of assets, net					2		91
	$	~~119~~	$	21	$	~~323~~15	$	62123

Special charges, net primarily includes severance costs and net amounts of litigation settlements. Merger and acquisition costs represents costs incurred primarily in connection with the Cox Transactions, such as advisory, legal and accounting fees, among others. ~~(Gain)~~Loss ~~loss~~ on disposal of assets, net includes a $90 million impairment on the ~~Company’s Los Angeles Lakers regional sports network intangibles during the nine months ended September 30, 2025 and a $67 million gain on~~ sale of ~~towers~~non-strategic assets during the ~~nine~~three months ended ~~September~~March 3031, ~~2024~~2025.

1211

CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

(dollars in millions, except per share amounts and where indicated)

Other Expenses, Net

Other expenses, net consist of the following for the periods presented:

	Three Months Ended September 30,				Nine Months Ended September 30,
			Three Months Ended March 31,
	2025		2024		2025		2024
					2026		2025
Loss on equity investments, net	$	~~(78)~~	$	~~(67)~~	$	(~~282~~75)	$	(~~234~~77)
Loss on financial instruments, net (see Note 8)	~~(35)~~		~~(79)~~		(8045)		(9765)
Gain (loss) on extinguishment of debt (see Note 4)	(28)		—		(28)		9
Loss on extinguishment of debt (see Note 4)					(4)		—
Net periodic pension benefit	12		2		12		4
					$	(124)	$	(142)
	$	(129)	$	(144)	$	(378)	$	(318)

11. Stock Compensation Plans

Charter’s stock incentive plans provide for grants of nonqualified stock options, incentive stock options, stock appreciation rights, dividend equivalent rights, performance units and performance shares, share awards, phantom stock, restricted stock units and restricted stock. Directors, officers and other employees of the Company and its subsidiaries, as well as others performing consulting services for the Company, are eligible for grants under the stock incentive plans.

Charter granted the following equity awards for the periods presented.

Three Months Ended September 30,

Nine Months Ended September 30,

Three Months Ended March 31,

2025

2024

2025

2024

2026

2025

Stock options

~~35,300~~

~~16,900~~

12,~~482~~379,~~600~~000

1,~~375~~407,~~300~~700

Restricted stock

—

~~11,500~~300

~~13,400~~—

Restricted stock units

~~21,600~~

~~14,100~~

12,~~205~~040,~~100~~600

1,~~113~~155,~~900~~200

Stock options and restricted stock units generally cliff vest three years from the date of grant. Certain stock options and restricted stock units vest based on achievement of stock price hurdles. Stock options generally expire ten years from the grant date and restricted stock units have no voting rights. Restricted stock generally vests one year from the date of grant.

As of ~~September~~March 3031, ~~2025~~2026, total unrecognized compensation remaining to be recognized in future periods totaled $~~255~~298 million for stock options, $~~452~~628 million for restricted stock units and $20.3 million for restricted stock and the weighted average period over which they are expected to be recognized is two years for stock options and restricted stock units and ~~seven~~three months for restricted stock.

12. ~~Income~~Earnings ~~Taxes~~Per Share

OnBasic ~~July~~earnings 4,per ~~2025,~~common ~~the~~share ~~One~~is ~~Big~~computed ~~Beautiful~~by ~~Bill~~dividing ~~Act~~net ~~(“OBBBA”)~~income ~~was~~attributable ~~enacted~~to ~~into~~Charter ~~law. The~~shareholders ~~OBBBA~~by ~~contains~~the ~~numerous~~weighted ~~business~~average ~~tax~~number ~~provisions,~~of ~~including~~shares ~~business~~of ~~extenders~~common ~~made~~stock ~~permanent~~outstanding ~~such~~during asthe ~~restoration~~period. ofDiluted ~~100%~~earnings ~~bonus~~per ~~depreciation,~~common ~~IRC~~share ~~Section~~considers ~~174~~the ~~expensing~~impact ~~for~~of ~~US-based~~potentially ~~research,~~dilutive ~~and~~securities using the ~~EBITDA-based~~treasury ~~business~~stock ~~interest~~and ~~expense~~if-converted ~~limitation~~methods ~~under~~and ~~IRC~~is ~~Section~~based ~~163(j). As~~on athe ~~result~~weighted ofaverage ~~this~~number ~~legislation,~~of weshares ~~reflected~~used afor ~~discrete tax event in~~ the ~~three~~basic ~~months~~earnings ~~ended~~per ~~September~~share 30calculation, ~~2025~~adjusted tofor ~~adjust~~the ~~our~~dilutive ~~current~~effect ~~year~~of ~~estimated~~stock ~~tax~~options, ~~deductions~~restricted ~~and~~stock ~~remeasure~~units, ~~our~~restricted ~~deferred~~stock, ~~taxes~~equity ~~resulting~~awards ~~in a current tax benefit offset by a deferred tax expense~~ with nomarket ~~net~~conditions ~~impact~~and toCharter ~~the~~Holdings ~~effective~~common ~~tax rate~~units. ~~The~~Charter ~~impact~~Holdings tocommon ~~the~~units ~~consolidated~~of ~~balance~~16 million ~~sheet~~for asthe ofthree ~~September~~months ended March 3031, 2026 and 2025 iswere anot ~~$547 million~~included ~~decrease~~in tothe ~~current~~computation ~~income~~of ~~taxes~~diluted ~~payable~~earnings ~~and~~per ~~corresponding~~share ~~increase~~as totheir ~~deferred~~effect ~~income~~would ~~tax~~have ~~liabilities~~been antidilutive.

1312

CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

(dollars in millions, except per share amounts and where indicated)

~~13. Earnings~~The ~~Per~~following ~~Share~~is the computation of diluted earnings per common share for the three months ended March 31, 2026 and 2025.

Basic earnings per common share is computed by dividing net income attributable to Charter shareholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per common share considers the impact of potentially dilutive securities using the treasury stock and if-converted methods and is based on the weighted average number of shares used for the basic earnings per share calculation, adjusted for the dilutive effect of stock options, restricted stock units, restricted stock, equity awards with market conditions and Charter Holdings common units. Charter Holdings common units of 16 million for the three and nine months ended September 30, 2025 and 17 million for the three and nine months ended September 30, 2024 were not included in the computation of diluted earnings per share as their effect would have been antidilutive.


	Three Months Ended March 31,
		2026		2025
Numerator:
Net income attributable to Charter shareholders		$	1,163	$	1,217




Denominator:
Weighted average common shares outstanding, basic		125,488,486		141,591,396
Effect of dilutive securities:
Assumed exercise or issuance of shares relating to stock plans		1,360,785		2,983,288
Weighted average common shares outstanding, diluted		126,849,271		144,574,684

Basic earnings per common share attributable to Charter shareholders		$	9.27	$	8.59
Diluted earnings per common share attributable to Charter shareholders		$	9.17	$	8.42

~~The following is the computation of diluted earnings per common share for the three and nine months ended September 30, 2025 and 2024.~~13

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Numerator:
Net income attributable to Charter shareholders	$	1,137	$	1,280	$	3,655	$	3,617
Denominator:
Weighted average common shares outstanding, basic	133,763,886		142,308,740		137,825,025		143,379,041
Effect of dilutive securities:
Assumed exercise or issuance of shares relating to stock plans	2,631,247		2,750,730		3,001,276		2,110,329
Weighted average common shares outstanding, diluted	136,395,133		145,059,470		140,826,301		145,489,370
Basic earnings per common share attributable to Charter shareholders	$	8.50	$	8.99	$	26.52	$	25.23
Diluted earnings per common share attributable to Charter shareholders	$	8.34	$	8.82	$	25.95	$	24.86

14. Recently Issued Accounting Standards

In September 2025, the FASB issued Accounting Standards Update (“ASU”) No. 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (“Subtopic 350-40”): Targeted Improvements to the Accounting for Internal-Use Software (“ASU 2025-06”), which amends certain aspects of the accounting for and disclosure of software costs under Subtopic 350-40. The amendments improve the operability of the guidance by removing all references to software development project stages so that the guidance is neutral to different software development methods, including methods that entities may use to develop software in the future. ASU 2025-06 is effective for annual periods beginning after December 15, 2027 (year ending December 31, 2028 for the Company). The Company is currently evaluating the impact the adoption of ASU 2025-06 will have on its consolidated financial statements.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

General

Charter Communications, Inc. (together with its controlled subsidiaries, “Charter”) is a leading broadband connectivity company with services available to 58nearly 59 million homes and small to large businesses across 41 states through our Spectrum brand. Founded in 1993, we have evolved from providing cable TV to streaming, and from high-speed Internet to a converged broadband, WiFi and mobile experience. Over the Spectrum Fiber Broadband Network and supported by our 100% U.S.-based employees, we offer Seamless Connectivity and Entertainment with Spectrum Internet, Mobile, TV and Voice products.

The Cox Transactions

Pursuant to the Transaction Agreement, at the closing of the Cox Transactions (the “Closing”):

•in consideration of the Equity Sale, Charter will pay $3.5 billion in cash to Cox Enterprises;

•in consideration of the Contribution, Charter Holdings will (i) pay to Cox Enterprises $~~500~~650 million in cash and (ii) issue to Cox Enterprises convertible preferred units of Charter Holdings with an aggregate liquidation preference of $6.0 billion, which will pay a 6.875% dividend per annum, and approximately 33.6 million Charter Holdings common units. The Charter Holdings convertible preferred units will be convertible into Charter Holdings common units, with an initial conversion price of $477.41, subject to certain adjustments. The Charter Holdings common units will be exchangeable by the holder, in certain circumstances, for cash or, at the election of Charter, Charter Class A common stock on a one-for-one basis, subject to certain adjustments; and

The combined entity will assume Cox Communications’ approximately $12.4 billion in outstanding net debt and finance leases.

Overview

~~During~~The ~~the~~competitive ~~third~~environment ~~quarter~~continued ofto ~~2025,~~challenge weInternet ~~added~~customer ~~493,000~~growth ~~mobile~~in ~~lines~~the ~~and~~first ~~video~~quarter ~~losses~~of ~~improved~~2026 aswith ~~compared~~a toloss ~~the~~of ~~prior~~120,000 ~~year~~Internet ~~period~~customers. ~~Internet~~Mobile ~~losses~~lines ~~remained~~grew ~~relatively~~by ~~flat~~368,000 aswhile ~~compared~~video toand voice customer losses improved versus the prior year period~~. Sales~~ ~~were~~as ~~challenged~~customers byfind ~~the~~value ~~competitive~~in ~~environment~~bundling ~~offset~~our byseamless ~~lower~~connectivity ~~customer~~and ~~churn~~entertainment products. ~~However,~~Our wecore ~~remain~~strategy ~~focused~~is onto ~~improving~~deliver ~~customer~~great ~~results~~products, ~~through~~at ~~our~~a ~~pricing~~great ~~and~~value, ~~packaging~~while ~~strategy~~continuously ~~launched~~improving inservice. We ~~September~~remain ~~2024~~focused ~~and~~on ~~our~~improving ~~brand~~customer ~~platform,~~results ~~Life~~through ~~Unlimited. Life Unlimited emphasizes~~ the power of our advanced fiber-powered network and cutting-edge connectivity products and services, and our simplified pricing and packaging strategy that better utilizes our seamless connectivity and entertainment products to offer lower promotional and persistent bundled pricing to drive growth. Our Internet and mobile product bundles provide a differentiated connectivity experience by bringing together Spectrum Internet, Advanced WiFi and Unlimited Spectrum Mobile ~~to offer consumers fast, reliable and secure online connections on their favorite devices at home and on the go in high-value packages. We have completed deals with every~~

1514

to offer consumers fast, reliable and secure online connections on their favorite devices at home and on the go in high-value packages. We have completed deals with major ~~programmer~~programmers to deliver better flexibility and greater value to our customers by including seamless entertainment applications with certain of our Spectrum TV ~~services~~packages at no additional cost. InWe ~~July~~offer ~~2025, we began launching~~ the sale of these seamless entertainment applications to customers on an à la carte basis, and ~~just~~through ~~recently~~our ~~launched~~digital storefront, the Spectrum App Store, acustomers ~~digital~~can ~~storefront~~easily ~~that helps customers~~ activate, upgrade, buy and manage their streaming applications in one place. We also continue to ~~evolve~~develop other elements of our video product and are deploying Xumo stream boxes to new video customers.

Our ~~new~~ customer commitments focus on reliable connectivity, transparency, exceptional service and always improving. By continually improving our product set and offering consumers the opportunity to save money by switching to our services, we believe we can continue to penetrate our expanding footprint and sell additional products to our existing customers. We see operational benefits from the targeted investments we made in employee wages and benefits to build employee skill sets and tenure, as well as the continued investments in digitization of our customer service platforms, all with the goal of improving the customer experience, reducing transactions and driving customer growth and retention.

We ~~spent~~currently ~~$582~~offer ~~million~~Spectrum ~~and~~Internet ~~$1.6~~products ~~billion~~with onspeeds ~~our~~up ~~subsidized~~to ~~rural~~1 ~~construction~~Gbps ~~initiative~~across ~~during~~our ~~the~~entire ~~three~~footprint and ~~nine~~multi-gigabit ~~months~~data ~~ended~~speeds ~~September 30,~~in ~~2025~~a ~~and~~portion ~~activated~~of ~~approximately~~our ~~124,000 and 336,000 subsidized rural passings, respectively~~footprint. ~~And~~Our wenetwork ~~are~~evolution ~~upgrading~~initiative ~~our~~remains ~~network~~on track to deliver symmetrical and multi-gigabit speeds across our entire footprint aswith ~~part~~convergence ofeverywhere we operate. We spent $427 million on our ~~network~~subsidized ~~evolution~~rural construction initiative during the three months ended March 31, 2026 and activated approximately 89,000 subsidized rural passings.

We realized revenue, Adjusted EBITDA and income from operations during the periods presented as follows (in millions; all percentages are calculated using whole numbers; minor differences may exist due to rounding):

	Three Months Ended September 30,						Nine Months Ended September 30,
			Three Months Ended March 31,
	2025		2024		% Change		2025		2024		% Change
							2026		2025		% Change
Revenues	$	~~13,672~~	$	~~13,795~~	~~(0.9)~~	%	$	4113,~~173~~597	$	4113,~~159~~735	0(1.0)	%
Adjusted EBITDA	$	~~5,561~~	$	~~5,647~~	~~(1.5)~~	%	$	175,~~017~~637	$	165,~~809~~763	1(2.2)	%
Income from operations	$	~~3,131~~	$	~~3,335~~	~~(6.1)~~	%	$	93,~~647~~208	$	93,~~729~~237	(0.89)	%

Adjusted EBITDA is defined as net income attributable to Charter shareholders plus net income attributable to noncontrolling interest, interest expense, net, income taxes, depreciation and amortization, stock compensation expense, other income (expenses), net and other operating (income) expenses, net, such as special charges, merger and acquisition costs and (gain) loss on sale or retirement of assets. See “Use of Adjusted EBITDA and Free Cash Flow” for further information on Adjusted EBITDA and free cash flow.

Total revenues decreased ~~slightly~~$138 million during the three months ended ~~September~~March 3031, ~~2025~~2026 ~~and remained relatively constant during the nine months ended September 30, 2025~~ compared to the corresponding ~~periods~~period in ~~2024~~2025 primarily due to ~~lower~~higher ~~customers~~seamless ~~and~~entertainment ~~lower~~allocation, ~~advertising~~partly ~~sales~~ offset by ~~mobile line~~ growth ~~and~~in ~~higher~~connectivity ~~average~~ revenue ~~per customer~~. Adjusted EBITDA and income from operations were also negatively impacted by anone-time ~~increase~~favorable adjustments of $75 million in ~~marketing~~the ~~and~~first ~~residential~~quarter ~~sales~~of ~~expense~~2025.

The following table summarizes our customer statistics for connectivity, Internet, mobile, video and voice as of March 31, 2026 and 2025 (in thousands except per customer data and footnotes).


	Approximate as of
	March 31,
	2026 (a)		2025 (a)
Customer Relationships (b)
Residential	29,452		29,914
Small Business	2,231		2,246
Total Customer Relationships	31,683		32,160

Monthly Residential Revenue per Residential Customer (c)	$	118.44	$	120.07
Monthly Small Business Revenue per Small Business Customer (d)	$	162.71	$	161.31

Connectivity (e)
Residential	28,446		28,758
Small Business	2,074		2,080
Total Connectivity Customers	30,520		30,838

Internet
Residential	27,524		27,979
Small Business	2,036		2,045
Total Internet Customers	29,560		30,024

Mobile Lines (f)
Residential	11,714		10,031
Small Business	420		334
Total Mobile Lines	12,134		10,365

Video (g)
Residential	12,021		12,160
Small Business	524		551
Total Video Customers	12,545		12,711

Voice
Residential	4,665		5,372
Small Business	1,207		1,234
Total Voice Customers	5,872		6,606

Mid-Market & Large Business Primary Service Units ("PSUs") (h)	360		344

(a)We calculate the aging of customer accounts based on the monthly billing cycle for each account in accordance with our collection policies. On that basis, as of March 31, 2026 and 2025, customers include approximately 87,600 and 92,200 customers, respectively, whose accounts were over 60 days past due, approximately 7,800 and 10,700 customers, respectively, whose accounts were over 90 days past due and approximately 13,600 and 17,000 customers, respectively, whose accounts were over 120 days past due.

(b)Customer relationships include the number of customers that receive one or more levels of service, encompassing Internet, mobile, video and voice services, without regard to which service(s) such customers receive. Customers who reside in residential multiple dwelling units (“MDUs”) and that are billed under bulk contracts are counted based on the number of billed units within each bulk MDU. Total customer relationships exclude mid-market & large business customer relationships.

(c)Monthly residential revenue per residential customer is calculated as total residential quarterly revenue divided by three divided by average residential customer relationships during the respective quarter.

~~The~~(d)Monthly ~~following~~small ~~table~~business ~~summarizes~~revenue ~~our~~per ~~customer~~small ~~statistics~~business ~~for~~customer ~~Internet,~~is ~~mobile,~~calculated ~~video~~as ~~and~~total ~~voice~~small asbusiness ofquarterly ~~September 30,~~revenue ~~2025~~divided ~~and~~by ~~2024~~three ~~(in~~divided ~~thousands~~by ~~except~~average ~~per~~small business customer ~~data~~relationships ~~and~~during ~~footnotes)~~the respective quarter.

	Approximate as of
	September 30,
	2025 (a)		2024 (a)
Customer Relationships (b)
Residential	28,860		29,465
Small Business	2,198		2,223
Total Customer Relationships	31,058		31,688
Monthly Residential Revenue per Residential Customer (c)	$	122.63	$	121.47
Monthly Small Business Revenue per Small Business Customer (d)	$	164.61	$	164.38
Internet
Residential	27,760		28,205
Small Business	2,034		2,052
Total Internet Customers	29,794		30,257
Mobile Lines (e)
Residential	11,015		9,057
Small Business	375		297
Total Mobile Lines	11,390		9,354
Video
Residential	12,023		12,437
Small Business	538		578
Total Video Customers	12,561		13,015
Voice
Residential	4,967		5,895
Small Business	1,219		1,263
Total Voice Customers	6,186		7,158
Mid-Market & Large Business Primary Service Units ("PSUs") (f)	336		315

(e)Connectivity customers represent all customers receiving our Internet and/or mobile connectivity services.

(af)WeMobile ~~calculate~~lines ~~the aging of customer accounts based on the monthly billing cycle for each account in accordance with our collection policies. On that basis, as of September 30, 2025 and 2024, customers~~ include ~~approximately~~phones ~~87,100~~ and ~~127,300~~tablets ~~customers,~~which ~~respectively,~~require ~~whose~~one ~~accounts~~of ~~were~~our ~~over~~standard 60rate ~~days~~plans ~~past due~~(e.g., ~~approximately~~"Unlimited" ~~10,500~~or ~~and~~"By ~~11,900~~the ~~customers, respectively, whose accounts were over 90 days past due and approximately 13,200 and 11,800 customers, respectively, whose accounts were over 120 days past due~~Gig"). ~~Past~~Mobile ~~due~~lines ~~totals~~exclude aswearables ofand ~~September 30,~~other ~~2025~~devices ~~reflect~~that indo ~~part~~not ~~certain~~require ~~revisions~~standard tophone ~~customer~~rate ~~account balances generated by changes to our collection procedures initiated in the third quarter of 2025, which were made to better align with industry practices~~plans.

(bg)~~Customer~~Video ~~relationships~~customers only include ~~the number of~~ customers that ~~receive~~purchase ~~one~~Spectrum traditional or ~~more~~streaming ~~levels~~linear ~~of service, encompassing Internet, mobile,~~ video packages and ~~voice~~exclude ~~services, without regard to which service(s) such~~ customers ~~receive. Customers who reside in residential multiple dwelling units (“MDUs”) and~~ that ~~are~~only ~~billed~~purchase ~~under~~streaming ~~bulk contracts are counted based on the number of billed units within each bulk MDU~~applications. ~~Total customer relationships exclude mid-market & large business and mobile-only customer relationships.~~

(ch)~~Monthly~~Mid-market ~~residential~~& ~~revenue~~large ~~per~~business ~~residential~~PSUs ~~customer~~represent isthe ~~calculated~~aggregate asnumber ~~total~~of ~~residential~~fiber ~~quarterly~~service ~~revenue~~offerings ~~divided~~counting byeach ~~three~~separate ~~divided~~service byoffering ~~average~~at ~~residential~~each customer ~~relationships~~location ~~during~~as ~~the~~an ~~respective~~individual ~~quarter and excludes mobile-only customers~~PSU.

(d)Monthly small business revenue per small business customer is calculated as total small business quarterly revenue divided by three divided by average small business customer relationships during the respective quarter and excludes mobile-only customers.

(e)Mobile lines include phones and tablets which require one of our standard rate plans (e.g., "Unlimited" or "By the Gig"). Mobile lines exclude wearables and other devices that do not require standard phone rate plans.

(f)Mid-market & large business PSUs represent the aggregate number of fiber service offerings counting each separate service offering at each customer location as an individual PSU.

Critical Accounting Policies and Estimates

For a discussion of our critical accounting policies and the means by which we develop estimates, see “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our ~~2024~~2025 Annual Report on Form 10-K. There have been no material changes from the critical accounting policies described in our Form 10-K.

Results of Operations

The following table sets forth the consolidated statements of operations for the periods presented (dollars in millions, except per share data):

Three Months Ended September 30,

Nine Months Ended September 30,

Three Months Ended March 31,

2025

2024

2025

2024

2026

2025

Revenues

~~13,672~~

~~13,795~~

4113,~~173~~597

4113,~~159~~735

Costs and Expenses:

Operating costs and expenses (exclusive of items shown separately below)

~~8,262~~

~~8,294~~

248,~~686~~163

248,~~863~~194

Depreciation and amortization

~~2,160~~

~~2,145~~

62,~~517~~211

62,~~505~~181

Other operating expenses, net

~~119~~

~~323~~15

62123

10,541

10,460

31,526

31,430

10,389

10,498

Income from operations

~~3,131~~

~~3,335~~

93,~~647~~208

93,~~729~~237

Other Income (Expenses):

Interest expense, net

~~(1,268)~~

~~(1,311)~~

(31,~~772~~256)

(31,~~955~~241)

Other expenses, net

~~(129)~~

~~(144)~~

(~~378~~124)

(~~318~~142)

(1,397)

(1,455)

(4,150)

(4,273)

(1,380)

(1,383)

Income before income taxes

~~1,734~~

~~1,880~~

51,~~497~~828

51,~~456~~854

Income tax expense

~~(418)~~

~~(406)~~

(~~1,277~~465)

(~~1,279~~445)

Consolidated net income

~~1,316~~

~~1,474~~

41,~~220~~363

41,~~177~~409

Less: Net income attributable to noncontrolling interests

~~(179)~~

~~(194)~~

(~~565~~200)

(~~560~~192)

Net income attributable to Charter shareholders

~~1,137~~

~~1,280~~

31,~~655~~163

31,~~617~~217

EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CHARTER SHAREHOLDERS:

Basic

~~8.50~~

~~8.99~~

269.5227

258.2359

Diluted

~~8.34~~

~~8.82~~

259.9517

248.8642

Weighted average common shares outstanding, basic

~~133,763,886~~

~~142,308,740~~

~~137~~125,~~825~~488,~~025~~486

~~143~~141,~~379~~591,~~041~~396

Weighted average common shares outstanding, diluted

~~136,395,133~~

~~145,059,470~~

~~140~~126,~~826~~849,~~301~~271

~~145~~144,~~489~~574,~~370~~684

Revenues. Total revenues decreased $~~123~~138 million during the three months ended ~~September~~March 3031, ~~2025~~2026 ~~and remained relatively constant during the nine months ended September 30, 2025~~ compared to the corresponding ~~periods~~period in ~~2024~~2025. The decrease ~~during the three months ended September 30, 2025~~ was primarily due to ~~lower~~higher ~~customers~~seamless ~~and~~entertainment ~~lower advertising sales~~allocation, partly offset by growth in ~~mobile~~connectivity ~~lines and average~~ revenue ~~per customer~~.

1817

Revenues by service offering were as follows (dollars in millions; all percentages are calculated using whole numbers; minor differences may exist due to rounding):

Three Months Ended September 30,

Nine Months Ended September 30,

Three Months Ended March 31,

2025

2024

% Change

2025

2024

% Change

2026

2025

% Change

Internet

~~5,971~~

~~5,872~~

~~1.7~~

175,~~870~~852

175,~~504~~930

2.(1.3)

Mobile service

~~954~~

~~801~~

~~19.2~~

21,~~789~~052

~~2,223~~914

2515.51

Connectivity

~~6,925~~

~~6,673~~

~~3.8~~

206,~~659~~904

196,~~727~~844

40.79

Video

~~3,388~~

~~3,735~~

~~(9.3)~~

103,~~452~~252

113,~~510~~580

(9.2)

Voice

~~332~~

~~360~~

~~(7.9)~~

~~1,034~~338

~~1,084~~356

(45.60)

Residential revenue

~~10,645~~

~~10,768~~

~~(1.1)~~

3210,~~145~~494

3210,~~321~~780

(02.57)

Small business

~~1,086~~

~~1,096~~

~~(0.9)~~

31,~~266~~090

31,~~285~~088

(0.6)2

Mid-market & large business

~~749~~

~~723~~

~~3.6~~

~~2,227~~749

~~2,152~~734

32.51

Commercial revenue

~~1,835~~

~~1,819~~

~~0.9~~

51,~~493~~839

51,~~437~~822

1.0

Advertising sales

~~356~~

~~452~~

~~(21.3)~~

~~1,067~~358

~~1,240~~340

~~(14~~5.0)3

Other

~~836~~

~~756~~

~~10.7~~

~~2,468~~906

~~2,161~~793

14.2

~~13,672~~

~~13,795~~

~~(0.9)~~

4113,~~173~~597

4113,~~159~~735

0(1.0)

The ~~increase~~decrease in Internet revenues from our residential customers is attributable to the following (dollars in millions):

	Three months ended September 30, 2025compared to three months ended September 30, 2024		Nine months ended September 30, 2025compared to nine months ended September 30, 2024
			Three months ended March 31, 2026compared to three months ended March 31, 2025
Increase related to rate and product mix changes	$	193	$	663
Decrease in average residential Internet customers			$	(87)
Decrease in average residential Internet customers	(94)		(297)
Increase related to rate and product mix changes			9
	$	99	$	~~366~~(78)

Residential Internet customers decreased by 455,000 customers from March 31, 2025 to March 31, 2026. The increase related to rate and product mix was primarily due to promotional rate step-ups, rate adjustments, and a favorable change in bundled revenue allocation. ~~Residential Internet customers decreased by 445,000 customers from September 30, 2024 to September 30, 2025.~~

The increase in mobile service revenues from our residential customers is attributable to the following (dollars in millions):

	Three months ended September 30, 2025compared to three months ended September 30, 2024		Nine months ended September 30, 2025compared to nine months ended September 30, 2024
			Three months ended March 31, 2026compared to three months ended March 31, 2025
Increase in average residential mobile lines	$	~~180~~	$	~~545~~164
Increase (decrease) related to rate	(27)		21
Decrease related to rate			(26)
	$	~~153~~	$	~~566~~138

Residential mobile lines increased by 2approximately 1.07 million mobile lines from ~~September~~March 3031, ~~2024~~2025 to ~~September~~March 3031, ~~2025~~2026. The decrease related to rate was primarily due to less favorable bundled revenue allocation, partly offset by rate adjustments.

1918

Video revenues consist primarily of revenues from video services provided to our residential customers, as well as franchise fees, equipment service fees and video installation revenue. The decrease in video revenues is attributable to the following (dollars in millions):

	Three months ended September 30, 2025compared to three months ended September 30, 2024		Nine months ended September 30, 2025compared to nine months ended September 30, 2024
			Three months ended March 31, 2026compared to three months ended March 31, 2025
Decrease in average residential video customers	$	(154)	$	(713)
Increase in seamless entertainment allocation			$	(171)
Decrease related to rate and product mix changes	~~(112)~~		(~~151~~103)
Increase in seamless entertainment allocation	(81)		(194)
Decrease in average residential video customers			(54)
	$	~~(347)~~	$	(~~1,058~~328)

~~Residential~~Seamless entertainment allocation represents costs allocated to programmer streaming applications and netted within video ~~customers~~revenue. The ~~decreased~~increase byin ~~414,000~~seamless ~~from~~entertainment ~~September 30,~~allocation ~~2024~~is due to ~~September 30,~~growth ~~2025~~in seamless entertainment applications and higher activations. The decrease related to rate and product mix was primarily due to a higher mix of lower priced video packages within our video customer base and more unfavorable bundled revenue allocation, partly offset by promotional rate step-ups and video rate adjustments that pass-through programming rate increases. ~~Seamless~~Residential ~~entertainment~~video ~~allocation~~customers ~~represents~~decreased ~~programming~~by ~~costs~~139,000 ~~netted~~from ~~within~~March 31, ~~video~~2025 ~~revenue. The growth is due~~ to ~~more~~March 31, ~~seamless entertainment applications and higher activations~~2026.

The decrease in voice revenues from our residential customers is attributable to the following (dollars in millions):

	Three months ended September 30, 2025compared to three months ended September 30, 2024		Nine months ended September 30, 2025compared to nine months ended September 30, 2024
			Three months ended March 31, 2026compared to three months ended March 31, 2025
Decrease in average residential voice customers	$	~~(58)~~	$	(~~177~~49)
Increase related to rate adjustments	30		~~127~~31
	$	~~(28)~~	$	(5018)

Residential wireline voice customers decreased by ~~928~~707,000 customers from ~~September~~March 3031, ~~2024~~2025 to ~~September~~March 3031, ~~2025~~2026.

The ~~decrease~~increase in small business revenues is attributable to the following (dollars in millions):

	Three months ended September 30, 2025compared to three months ended September 30, 2024		Nine months ended September 30, 2025compared to nine months ended September 30, 2024
			Three months ended March 31, 2026compared to three months ended March 31, 2025
Decrease in average small business customers	$	(11)	$	(23)
Increase related to rate and product mix changes			$	9
Increase related to rate and product mix changes	1		4
Decrease in average small business customers			(7)
	$	~~(10)~~	$	~~(19)~~2

Small business customers decreased by 2515,000 from ~~September~~March 3031, ~~2024~~2025 to ~~September~~March 3031, ~~2025~~2026.

Mid-market & large business revenues increased $2615 million ~~and $75 million~~ during the three ~~and nine~~ months ended ~~September~~March 3031, ~~2025,~~2026 ~~respectively,~~ compared to the corresponding ~~periods~~period in ~~2024~~2025 primarily due to an increase in Internet PSUs. Mid-market & large business PSUs increased 2116,000 from ~~September~~March 3031, ~~2024~~2025 to ~~September~~March 3031, ~~2025~~2026.

Advertising sales revenues consist primarily of revenues from commercial advertising customers, programmers and other vendors, as well as local cable and advertising on regional sports and news channels. Advertising sales revenues ~~decreased~~increased $9618 million ~~and $173 million~~ during the three ~~and nine~~ months ended ~~September~~March 3031, ~~2025,~~2026 ~~respectively,~~ as compared to the corresponding ~~periods~~period in ~~2024~~2025 primarily due to aan ~~decrease~~increase in political, ~~national~~ and ~~local~~streaming adadvertising revenue, partly offset by ~~higher~~a ~~enterprise~~decrease ~~advanced~~in linear advertising revenue.

2019

Other revenues consist of revenue from mobile and video device sales, processing fees, regional sports and news channels (excluding intercompany charges or advertising sales on those channels), ~~Rural Development Opportunity Fund (“RDOF”)~~ subsidy revenue, home shopping, wire maintenance fees and other miscellaneous revenues. Other revenues increased $80113 million ~~and $307 million~~ during the three ~~and nine~~ months ended ~~September~~March 3031, ~~2025,~~2026 ~~respectively,~~ compared to the corresponding ~~periods~~period in ~~2024~~2025 primarily due to higher mobile device sales.

Operating costs and expenses. The ~~change~~decrease in our operating costs and expenses, exclusive of items shown separately in the consolidated statements of operations, are attributable to the following (dollars in millions):

	Three months ended September 30, 2025compared to three months ended September 30, 2024		Nine months ended September 30, 2025compared to nine months ended September 30, 2024
			Three months ended March 31, 2026compared to three months ended March 31, 2025
Programming	$	~~(152)~~	$	(~~639~~214)
Other costs of revenue	73		~~312~~181
Field and technology operations	3		48(24)
Customer operations	~~(19)~~		(336)
Marketing and residential sales	50		~~194~~(30)
Other	13		(59)
Transition expenses			24
	$	(32)	$	(177)
Other			38
			$	(31)

Programming costs were approximately $2.21 billion and $2.3 billion for the three months ended ~~September~~March 3031, ~~2025~~2026 and ~~2024~~2025, representing 26% and 28% of total operating costs and expenses, respectively~~, and $6~~.~~7 billion and $7.4 billion for the nine months ended September 30, 2025 and 2024, representing 27% and 30% of total operating costs and expenses, respectively.~~ Programming costs consist primarily of costs paid to programmers for basic, premium, video on demand, and pay-per-view programming. Programming costs decreased as a result of ~~fewer~~a ~~video~~$171 ~~customers~~million increase in costs allocated to seamless entertainment applications and netted within video revenue as well as a higher mix of lower cost video packages within our video customer base ~~as well as costs allocated to seamless entertainment applications~~ and ~~netted~~fewer ~~within~~ video ~~revenue~~customers, partly offset by contractual rate adjustments, including renewals and increases in amounts paid for retransmission consent.

Other costs of revenue increased $73181 million ~~and $312 million~~ during the three ~~and nine~~ months ended ~~September~~March 3031, ~~2025,~~2026 ~~respectively,~~ compared to the corresponding ~~periods~~period in ~~2024~~2025 primarily due to higher mobile service direct costs and mobile device sales due to an increase in mobile lines as well as higher advertising sales costs given higher political revenue.

~~Field~~Depreciation and ~~technology~~amortization. Depreciation ~~operations~~and ~~increased~~amortization $3expense ~~million~~increased ~~and~~ $4830 million during the three ~~and nine~~ months ended ~~September~~March 3031, ~~2025,~~2026 ~~respectively,~~ compared to the corresponding ~~periods~~period in ~~2024~~2025 primarily due to ~~higher~~an ~~network~~increase ~~utilities~~in ~~and~~depreciation ~~pole~~as ~~rent~~a ~~expense~~result of more recent capital expenditures, partly offset by certain assets becoming fully depreciated.

~~Customer~~Other ~~operations~~operating ~~decreased $19 million during the three months ended September 30~~expenses, ~~2025 compared to the corresponding period in 2024 primarily due to lower bad debt expense~~net. ~~Customer~~The ~~operations~~decrease ~~decreased~~in ~~$33~~other ~~million~~operating ~~during the nine months ended September 30~~expenses, ~~2025~~net ~~compared~~is attributable to the ~~corresponding~~following ~~period~~(dollars in ~~2024 primarily due to lower labor costs, partly offset by higher bad debt expense.~~millions):

Marketing and residential sales increased $50 million and $194 million during the three and nine months ended September 30, 2025, respectively, compared to the corresponding periods in 2024 primarily due to a change in sales mix to higher cost sales channels.


	Three months ended March 31, 2026 compared to three months ended March 31, 2025
Special charges, net	$	(34)
Merger and acquisition costs	15
Loss on disposal of assets, net	(89)
	$	(108)

Other expense increased $13 million and decreased $59 million during the three and nine months ended September 30, 2025, respectively, compared to the corresponding periods in 2024. The decrease during the nine months ended September 30, 2025 compared to the corresponding period in 2024 is primarily due to one-time favorable adjustments of $75 million.

Depreciation and amortization. Depreciation and amortization expense increased $15 million and $12 million during the three and nine months ended September 30, 2025, respectively, compared to the corresponding periods in 2024.

Other operating expenses, net. The change in other operating expenses, net is attributable to the following (dollars in millions):

	Three months ended September 30, 2025compared to three months ended September 30, 2024		Nine months ended September 30, 2025compared to nine months ended September 30, 2024
Special charges, net	$	73	$	44
Merger and acquisition costs	21		65
(Gain) loss on disposal of assets, net	4		152
	$	98	$	261

See Note 10 to the accompanying consolidated financial statements contained in “Item 1. Financial Statements” for more information.

Interest expense, net. Net interest expense ~~decreased~~increased by $4315 million ~~and $183 million~~ for the three ~~and nine~~ months ended ~~September~~March 3031, ~~2025,~~2026 ~~respectively,~~ compared to the corresponding ~~periods~~period in ~~2024~~2025 primarily due to aan ~~decrease~~increase in weighted average ~~interest rates and~~ debt.

Other expenses, net. The change in other expenses, net is attributable to the following (dollars in millions):

	Three months ended September 30, 2025compared to three months ended September 30, 2024		Nine months ended September 30, 2025compared to nine months ended September 30, 2024
			Three months ended March 31, 2026compared to three months ended March 31, 2025
Loss on equity investments, net	$	~~(11)~~	$	~~(48)~~2
Loss on financial instruments, net (see Note 8)	44		1720
Gain (loss) on extinguishment of debt (see Note 4)	(28)		(37)
Loss on extinguishment of debt (see Note 4)			(4)
Net periodic pension benefit	10		8
			$	18
	$	15	$	(60)

See Note 10 and the Notes referenced above to the accompanying consolidated financial statements contained in “Item 1. Financial Statements” for more information.

Income tax expense. We recognized income tax expense of $~~418~~465 million and $~~1.3~~445 ~~billion~~million for the three ~~and nine~~ months ended ~~September~~March 3031, ~~2025,~~2026 ~~respectively,~~ and ~~$406 million and $1.3 billion for the three and nine months ended September 30~~2025, ~~2024,~~ respectively.

Net income attributable to noncontrolling interest. Net income attributable to noncontrolling interest for financial reporting purposes represents Advance/Newhouse Partnership's (“A/N”) portion of Charter Holdings’ net income based on its effective common unit ownership interest. For more information, see Note 7 to the accompanying consolidated financial statements contained in “Item 1. Financial Statements.”

Net income attributable to Charter shareholders. Net income attributable to Charter shareholders decreased $~~143~~54 million ~~and increased $38 million~~ during the three ~~and nine~~ months ended ~~September~~March 3031, ~~2025,~~2026 ~~respectively,~~ compared to the corresponding ~~periods~~period in ~~2024~~2025 primarily as a result of the factors described above.

Use of Adjusted EBITDA and Free Cash Flow

We use certain measures that are not defined by U.S. generally accepted accounting principles (“GAAP”) to evaluate various aspects of our business. Adjusted EBITDA and free cash flow are non-GAAP financial measures and should be considered in addition to, not as a substitute for, net income attributable to Charter shareholders and net cash flows from operating activities reported in accordance with GAAP. These terms, as defined by us, may not be comparable to similarly titled measures used by other companies. Adjusted EBITDA and free cash flow are reconciled to net income attributable to Charter shareholders and net cash flows from operating activities, respectively, below.

other companies. Adjusted EBITDA and free cash flow are reconciled to net income attributable to Charter shareholders and net cash flows from operating activities, respectively, below.

Adjusted EBITDA eliminates the significant non-cash depreciation and amortization expense that results from the capital-intensive nature of our businesses as well as other non-cash or special items, and is unaffected by our capital structure or investment activities. However, this measure is limited in that it does not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenues and our cash cost of financing. These costs are evaluated through other financial measures.

Free cash flow is defined as net cash flows from operating activities, less capital expenditures and changes in accrued expenses related to capital expenditures.

Management and Charter’s board of directors use Adjusted EBITDA and free cash flow to assess our performance and our ability to service our debt, fund operations and make additional investments with internally generated funds. In addition, Adjusted EBITDA generally correlates to the leverage ratio calculation under our credit facilities or outstanding notes to determine compliance with the covenants contained in the facilities and notes (all such documents have been previously filed with the Securities and Exchange Commission (the “SEC”)). For the purpose of calculating compliance with leverage covenants, we use Adjusted EBITDA, as presented, excluding certain expenses paid by our operating subsidiaries to other Charter entities. Our debt covenants refer to these expenses as management fees, which were $~~350~~366 million ~~and $1.1 billion~~ for both the three ~~and nine~~ months ended ~~September~~March 3031, ~~2025,~~2026 ~~respectively,~~ and ~~$373 million and $1~~2025.~~1 billion for the three and nine months ended September 30, 2024, respectively.~~

A reconciliation of Adjusted EBITDA and free cash flow to net income attributable to Charter shareholders and net cash flows from operating activities, respectively, is as follows (dollars in millions):

Three Months Ended September 30,

Nine Months Ended September 30,

Three Months Ended March 31,

2025

2024

2025

2024

2026

2025

Net income attributable to Charter shareholders

~~1,137~~

~~1,280~~

31,~~655~~163

31,~~617~~217

Plus: Net income attributable to noncontrolling interest

~~179~~

~~194~~

~~565~~200

~~560~~192

Interest expense, net

~~1,268~~

~~1,311~~

31,~~772~~256

31,~~955~~241

Income tax expense

~~418~~

~~406~~

~~1,277~~465

~~1,279~~445

Depreciation and amortization

~~2,160~~

~~2,145~~

62,~~517~~211

62,~~505~~181

Stock compensation expense

~~151~~

~~146~~

~~530~~203

~~513~~222

Other, net

~~248~~

~~165~~

~~701~~139

~~380~~265

Adjusted EBITDA

~~5,561~~

~~5,647~~

175,~~017~~637

165,~~809~~763

Net cash flows from operating activities

~~4,480~~

~~3,905~~

124,~~316~~304

104,~~970~~236

Less: Purchases of property, plant and equipment

~~(3,051)~~

~~(2,563)~~

(82,~~324~~855)

(82,~~207~~399)

Change in accrued expenses related to capital expenditures

~~192~~

~~277~~

~~239~~(77)

~~510~~(273)

Free cash flow

~~1,621~~

~~1,619~~

41,~~231~~372

31,~~273~~564

Liquidity and Capital Resources

Overview

We have significant amounts of debt and require significant cash to fund principal and interest payments on our debt. The principal amount of our debt as of ~~September~~March 3031, ~~2025~~2026 was $9594.03 billion, consisting of $1211.47 billion of credit facility debt, $55.4 billion of investment grade senior secured notes and $27.3 billion of high-yield senior unsecured notes. Our split credit rating allows us to access both the investment grade debt and the high yield debt markets. Additionally, our bankruptcy remote special purpose vehicle is the borrower of a senior secured revolving credit facility to finance the purchase of equipment installment plan receivables with a number of financial institutions (the “EIP Financing Facility”). As of ~~September~~March 3031, ~~2025~~2026, the carrying value of the EIP Financing Facility was $1.6 billion. For more information on the EIP Financing Facility, see Note 5 to the accompanying consolidated financial statements contained in “Item 1. Financial Statements.”

23Our projected cash needs and projected sources of liquidity depend upon, among other things, our actual results, and the timing and amount of our expenditures. Free cash flow was $1.4 billion and $1.6 billion for the three months ended March 31, 2026 and 2025, respectively. See the table below for factors impacting free cash flow during the three months ended March 31, 2026 compared to the corresponding prior period. As of March 31, 2026, the amount available under our credit facilities was approximately $4.6 billion and cash on hand was approximately $517 million. We expect to utilize free cash flow, cash on hand and availability under our credit facilities as well as future refinancing transactions to further extend the maturities of our obligations. The timing and terms of any refinancing transactions will be subject to market conditions among other considerations. Additionally, we may, from time to time, and depending on market conditions and other factors, use cash on hand and the proceeds from securities offerings or other borrowings to retire our debt through open market purchases, privately negotiated purchases, tender offers or redemption provisions. We are also required to fund approximately $4.2 billion of cash purchase price at the closing of the Cox Transactions. We believe we have sufficient liquidity from cash on hand, free cash flow and Charter Operating’s revolving credit facility as well as access to the capital markets to fund our projected cash needs.

We continue to evaluate the ~~carrying~~deployment ~~value~~of our cash on hand and anticipated future free cash flow, including investing in our business growth and other strategic opportunities, including expanding the capacity of our network, the ~~EIP~~expansion ~~Financing~~of ~~Facility~~our ~~was~~network $1through our rural broadband construction initiative, the build-out and deployment of our CBRS spectrum, and mergers and acquisitions as well as stock repurchases and dividends. Charter's leverage ratio of net debt to the last twelve months Adjusted EBITDA was 4.15 ~~billion~~times as of March 31, 2026. ~~For~~Charter ~~more~~plans ~~information~~to onmaintain a leverage ratio, pro forma for the ~~EIP~~closing ~~Financing~~of ~~Facility,~~the ~~see~~Liberty ~~Note~~Broadband Corporation (“Liberty Broadband”) Combination near the midpoint of its stated range of 4.0 to 4.5 times Adjusted EBITDA in the period leading up to the ~~accompanying~~Closing, ~~consolidated~~and ~~financial~~up ~~statements~~to ~~contained~~3.5 intimes ~~“Item~~Adjusted 1EBITDA at the Charter Operating first lien level. Charter ~~Financial~~plans ~~Statements~~to adjust its long-term target leverage range after the Closing to 3.”5 to 3.75 times Adjusted EBITDA. As Adjusted EBITDA grows, we expect to increase the total amount of our indebtedness to maintain leverage within Charter's target leverage range.

Our projected cash needs and projected sources of liquidity depend upon, among other things, our actual results, and the timing and amount of our expenditures. Free cash flow was $1.6 billion and $4.2 billion for the three and nine months ended September 30, 2025, respectively, and $1.6 billion and $3.3 billion for the three and nine months ended September 30, 2024, respectively. See the table below for factors impacting free cash flow during the three and nine months ended September 30, 2025 compared to the corresponding prior periods. As of September 30, 2025, the amount available under our credit facilities was approximately $4.0 billion and cash on hand was approximately $464 million. We expect to utilize free cash flow, cash on hand and availability under our credit facilities as well as future refinancing transactions to further extend the maturities of our obligations. The timing and terms of any refinancing transactions will be subject to market conditions among other considerations. Additionally, we may, from time to time, and depending on market conditions and other factors, use cash on hand and the proceeds from securities offerings or other borrowings to retire our debt through open market purchases, privately negotiated purchases, tender offers or redemption provisions. We believe we have sufficient liquidity from cash on hand, free cash flow and Charter Operating’s revolving credit facility as well as access to the capital markets to fund our projected cash needs.22

WeExcluding ~~continue~~purchases tofrom ~~evaluate~~Liberty ~~the~~Broadband ~~deployment~~discussed ~~of our cash on hand and anticipated future free cash flow~~below, ~~including~~during ~~investing in our business growth and other strategic opportunities, including expanding~~ the ~~capacity~~three ofmonths ~~our~~ended ~~network~~March 31, ~~the~~2026 ~~expansion of our network through our rural broadband construction initiative, the build-out~~ and ~~deployment of our CBRS spectrum~~2025, ~~and mergers and acquisitions as well as stock repurchases and dividends.~~ Charter's ~~leverage~~purchased ~~ratio~~in ~~of net debt to~~ the ~~last~~public ~~twelve~~market ~~months~~approximately ~~Adjusted~~3.4 ~~EBITDA~~million ~~was~~and 41.2 ~~times~~million asshares of ~~September 30, 2025.~~ Charter ~~plans~~Class toA ~~maintain~~common astock, ~~leverage ratio~~respectively, ~~pro forma~~ for ~~the~~approximately ~~closing~~$773 million ofand ~~the~~$431 million, ~~Liberty~~respectively. Since ~~Broadband Corporation (“Liberty Broadband”) Combination near~~ the ~~midpoint~~beginning of its ~~stated~~buyback ~~range~~program ~~of 4 to 4.5 times Adjusted EBITDA~~ in ~~the~~September ~~period~~2016 ~~leading~~through upMarch 31, ~~to the Closing~~2026, ~~and up to 3.5 times Adjusted EBITDA at the~~ Charter ~~Operating~~has ~~first~~purchased ~~lien~~approximately ~~level~~184. ~~Charter~~0 ~~plans~~million toshares ~~adjust~~of ~~its~~Class ~~long-term~~A ~~target~~common ~~leverage~~stock ~~range~~and ~~after~~Charter ~~the~~Holdings ~~Closing~~common tounits ~~3.5~~for toapproximately 4$79.07 ~~times Adjusted EBITDA but will still have a significant amount of debt. As Adjusted EBITDA grows~~billion, weincluding ~~expect~~purchases tofrom ~~increase~~Liberty ~~the~~Broadband ~~total~~and ~~amount~~A/N ofdiscussed ~~our indebtedness to maintain leverage within Charter's target leverage range~~below.

Excluding purchases from Liberty Broadband discussed below, during the three and nine months ended September 30, 2025, Charter purchased in the public market approximately 6.4 million and 10.6 million shares of Charter Class A common stock for approximately $1.8 billion and $3.4 billion, respectively, and during the three and nine months ended September 30, 2024, Charter purchased in the public market approximately 0.3 million and 2.7 million shares of Charter Class A common stock for approximately $108 million and $822 million, respectively. Since the beginning of its buyback program in September 2016 through September 30, 2025, Charter has purchased approximately 176.8 million shares of Class A common stock and Charter Holdings common units for approximately $78.0 billion, including purchases from Liberty Broadband and A/N discussed below.

On November 12, 2024, Charter, Liberty Broadband, Fusion Merger Sub 1, LLC, a wholly owned subsidiary of Charter, and Fusion Merger Sub 2, Inc., a wholly owned subsidiary of Fusion Merger Sub 1, LLC, entered into an Agreement and Plan of Merger (as it may be amended or supplemented from time to time, the “Merger Agreement”), pursuant to which, subject to the terms and conditions set forth therein, Charter will acquire Liberty Broadband through the merger of Fusion Merger Sub 2, Inc. with and into Liberty Broadband (the “Merger”), with Liberty Broadband surviving the Merger and becoming an indirect wholly owned subsidiary of Charter. Immediately following the Merger, Liberty Broadband, as the surviving corporation of the Merger, will merge with and into Fusion Merger Sub 1, LLC (the “Upstream Merger” and together with the Merger, the “Liberty Broadband Combination”), with Fusion Merger Sub 1, LLC surviving the Upstream Merger as a wholly owned subsidiary of Charter.

On November 12, 2024, Charter and Liberty Broadband also entered into Amendment No. 1 to the Second Amended and Restated Stockholders Agreement and the Letter Agreement (the “Stockholders and Letter Agreement Amendment”). The Stockholders and Letter Agreement Amendment sets forth, among other things, the terms of Liberty Broadband’s participation in Charter’s share repurchases during the period between the execution of the Merger Agreement and the effective time of the Merger. Pursuant to the Stockholders and Letter Agreement Amendment, each month during the pendency of the proposed transaction, Charter will repurchase shares of Charter Class A common stock from Liberty Broadband in an amount equal to the greater of (i) $100 million and (ii) the Liberty Broadband minimum liquidity threshold as set forth in the Stockholders and Letter Agreement Amendment, provided that if any repurchase would reduce Liberty Broadband’s equity interest in Charter below 25.25% after giving effect to such repurchase or if all or a portion of such repurchase is not permitted under applicable law, then Charter shall instead loan to Liberty Broadband an amount equal to the lesser of (x) the repurchase amount that cannot be repurchased and (y) the Liberty Broadband minimum liquidity threshold as set forth in the Stockholders and Letter Agreement Amendment less the repurchase amount that is repurchased, with such loan on the terms set forth in the Stockholders and Letter Agreement Amendment. From and after the date Liberty Broadband’s exchangeable debentures are no longer outstanding, the amount of monthly repurchases will be the lesser of (i) $100 million and (ii) an amount equal to the sum of (x) the amount needed, in the reasonable judgment of Charter, to maintain an unrestricted cash balance of Liberty Broadband and its subsidiaries (other than GCI Holdings, LLC, GCI Spinco (as defined in the Merger Agreement) and their respective subsidiaries) of $50 million plus (y) the aggregate outstanding principal amount of the Liberty Broadband margin loan. The purchase price payable by Charter to Liberty Broadband in connection with such monthly repurchases will equal (i) the average price paid by Charter for shares of Charter Class A common stock repurchased during the immediately preceding calendar month (excluding shares repurchased from A/N and certain other excluded repurchases) or (ii) if Charter has not engaged in any repurchases of shares of Charter Class A common stock during the immediately preceding calendar month (other than any repurchases from A/N and certain other excluded repurchases), a purchase price based on a Bloomberg volume-weighted average price methodology proposed by Charter and reasonably acceptable to Liberty Broadband. Liberty Broadband will apply the proceeds from any such repurchases or borrowings from Charter to repay certain of its outstanding indebtedness in accordance with the Stockholders and Letter Agreement Amendment. The Stockholders and Letter Agreement Amendment provides that Liberty Broadband will be exempt from the standstill restrictions and the ownership cap under the Second Amended and Restated Stockholders Agreement among Charter, Liberty Broadband and A/N, dated as of May 23, 2015 to the extent its ownership in Charter exceeds such ownership cap solely as a result of the repurchase provisions in the Stockholders and Letter Agreement Amendment. During the three months ended March 31, 2026 and 2025, Charter purchased from Liberty Broadband 0.9 million and 0.8 million shares of Charter Class A common stock, respectively, for approximately $190 million and $300 million, respectively.

24In December 2016, Charter and A/N entered into a letter agreement, as amended in December 2017 (the “Existing A/N Letter Agreement”), that requires A/N to sell to Charter or to Charter Holdings, on a monthly basis, a number of shares of Charter Class A common stock or Charter Holdings common units that represents a pro rata participation by A/N and its affiliates in any repurchases of shares of Charter Class A common stock from persons other than A/N effected by Charter during the immediately preceding calendar month, at a purchase price equal to the average price paid by Charter for the shares repurchased from persons other than A/N during such immediately preceding calendar month. In connection with the Cox Transactions, Charter, Charter Holdings and A/N entered into an amendment to the Existing A/N Repurchase Letter, dated as of May 16, 2025 (the “A/N Repurchase Letter Amendment”) which sets forth, among other things, the updated terms of A/N’s participation in Charter’s share repurchases going forward. The right to participate pro rata in repurchases on the terms and conditions set

Agreement Amendment less the repurchase amount that is repurchased, with such loan on the terms set forth in the Stockholders and Letter Agreement Amendment. From and after the date Liberty Broadband’s exchangeable debentures are no longer outstanding, the amount of monthly repurchases will be the lesser of (i) $100 million and (ii) an amount equal to the sum of (x) the amount needed, in the reasonable judgment of Charter, to maintain an unrestricted cash balance of Liberty Broadband and its subsidiaries (other than GCI Holdings, LLC, GCI Spinco (as defined in the Merger Agreement) and their respective subsidiaries) of $50 million plus (y) the aggregate outstanding principal amount of the Liberty Broadband margin loan. The purchase price payable by Charter to Liberty Broadband in connection with such monthly repurchases will equal (i) the average price paid by Charter for shares of Charter Class A common stock repurchased during the immediately preceding calendar month (excluding shares repurchased from A/N and certain other excluded repurchases) or (ii) if Charter has not engaged in any repurchases of shares of Charter Class A common stock during the immediately preceding calendar month (other than any repurchases from A/N and certain other excluded repurchases), a purchase price based on a Bloomberg volume-weighted average price methodology proposed by Charter and reasonably acceptable to Liberty Broadband. Liberty Broadband will apply the proceeds from any such repurchases or borrowings from Charter to repay certain of its outstanding indebtedness in accordance with the Stockholders and Letter Agreement Amendment. The Stockholders and Letter Agreement Amendment provides that Liberty Broadband will be exempt from the standstill restrictions and the ownership cap under the Second Amended and Restated Stockholders Agreement among Charter, Liberty Broadband and A/N, dated as of May 23, 2015 to the extent its ownership in Charter exceeds such ownership cap solely as a result of the repurchase provisions in the Stockholders and Letter Agreement Amendment. During the three and nine months ended September 30, 2025, Charter purchased from Liberty Broadband 0.9 million and 2.5 million shares of Charter Class A common stock for approximately $300 million and $900 million, respectively, and during the three and nine months ended September 30, 2024, Charter purchased from Liberty Broadband 0.4 million and 0.7 million shares of Charter Class A common stock for approximately $110 million and $226 million, respectively.

In December 2016, Charter and A/N entered into a letter agreement, as amended in December 2017 (the “Existing A/N Letter Agreement”), that requires A/N to sell to Charter or to Charter Holdings, on a monthly basis, a number of shares of Charter Class A common stock or Charter Holdings common units that represents a pro rata participation by A/N and its affiliates in any repurchases of shares of Charter Class A common stock from persons other than A/N effected by Charter during the immediately preceding calendar month, at a purchase price equal to the average price paid by Charter for the shares repurchased from persons other than A/N during such immediately preceding calendar month. In connection with the Cox Transactions, Charter, Charter Holdings and A/N entered into an amendment to the Existing A/N Repurchase Letter, dated as of May 16, 2025 (the “A/N Repurchase Letter Amendment”) which sets forth, ~~among other things, the updated terms of A/N’s participation~~ in ~~Charter’s share repurchases going forward. The right to participate pro rata in repurchases on~~ the ~~terms and conditions set forth in the~~ A/N Repurchase Letter Amendment is effective only from the earlier of the Closing and, in the event the Transaction Agreement is terminated in accordance with its terms, the date of such termination (such earlier date, the “Trigger Date”). Prior to the Trigger Date, the Existing A/N Letter Agreement will remain in full force and continue to govern A/N’s participation in Charter’s share repurchases, except for certain specific amendments set forth in the A/N Repurchase Letter Amendment which became effective upon execution of the A/N Repurchase Letter Amendment, including, in certain circumstances, where A/N elects not to participate in redemptions by Charter Holdings because such participation would cause A/N’s equity interest in Charter to be less than 11% prior to the Trigger Date, A/N may, subject to certain conditions, elect to receive a tax loan from Charter Holdings on the terms set forth in the A/N Repurchase Letter Amendment and in definitive documents in form and substance reasonably satisfactory to Charter and A/N. During the three ~~and nine~~ months ended ~~September~~March 3031, 2025, Charter Holdings purchased from A/N 0.~~3 million and~~ 1.0 million Charter Holdings common units for approximately $~~121~~20 million. Charter ~~and~~Holdings' ~~$373 million,~~did ~~respectively,~~not ~~and~~purchase ~~during~~any ~~the three and nine months ended September 30, 2024,~~ Charter Holdings ~~purchased~~common units from A/N ~~0.1~~during ~~million~~the ~~and~~three ~~0.6~~months ~~million~~ended ~~Charter Holdings common units for approximately $44~~March ~~million and $185 million~~31, ~~respectively~~2026.

On August 4, 2025, Charter received a notice from A/N pursuant to the Existing Letter Agreement, whereby A/N notified Charter that A/N was suspending the standing share repurchase agreement between A/N and Charter (the “Suspension”). The Suspension took effect immediately after the first repurchase closing date under the Existing Letter Agreement to occur following the date of the notice. In the notice, A/N informed Charter that it intends for the Suspension to continue through the consummation of the closing of the Cox Transactions or the termination thereof, but reserved the right to end such Suspension before or after such time.

As of ~~September~~March 3031, ~~2025~~2026, Charter had remaining board authority to purchase an additional $~~252~~179 million of Charter’s Class A common stock and/or Charter Holdings common units, excluding purchases from Liberty Broadband. Although Charter expects to continue to buy back its common stock consistent with its leverage target range, Charter is not obligated to acquire any particular amount of common stock, and the timing of any purchases that may occur cannot be predicted and will largely depend on market conditions and other potential uses of capital. Purchases may include open market purchases, tender offers or negotiated transactions.

25As possible acquisitions, swaps or dispositions arise, we actively review them against our objectives including, among other considerations, improving the operational efficiency, geographic clustering of assets, product development or technology capabilities of our business and achieving appropriate return targets, and we may participate to the extent we believe these possibilities present attractive opportunities. However, there can be no assurance that we will actually complete any acquisitions, including the Cox Transactions or Liberty Broadband Combination, dispositions or system swaps, or that any such transactions will be material to our operations or results.

depend on market conditions and other potential uses of capital. Purchases may include open market purchases, tender offers or negotiated transactions.

As possible acquisitions, swaps or dispositions arise, we actively review them against our objectives including, among other considerations, improving the operational efficiency, geographic clustering of assets, product development or technology capabilities of our business and achieving appropriate return targets, and we may participate to the extent we believe these possibilities present attractive opportunities. However, there can be no assurance that we will actually complete any acquisitions, including the Cox Transactions, dispositions or system swaps, or that any such transactions will be material to our operations or results.

New Tax Legislation

On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was enacted into law. The OBBBA contains numerous business tax provisions, including business extenders made permanent such as restoration of 100% bonus depreciation, IRC Section 174 expensing for US-based research, and the EBITDA-based business interest expense limitation under IRC Section 163(j). The OBBBA reduced cash paid for taxes during the three and nine months ended September 30, 2025.

Recent Events

In July 2025, Charter Operating and Charter Communications Operating Capital Corp. paid in full all of their outstanding 4.908% senior secured notes due 2025 at maturity.

In September 2025, Charter Operating and Charter Communications Operating Capital Corp. jointly issued $1.25 billion of 5.850% senior secured notes due December 2035 at a price of 99.932% of the aggregate principal amount and $750 million of 6.700% senior secured notes due December 2055 at a price of 99.832% of the aggregate principal amount. The net proceeds were used for general corporate purposes, including to repay certain indebtedness, including Charter Operating’s 6.150% senior secured notes due 2026, to fund potential buybacks of Charter Class A common stock and Charter Holdings common units, and to pay related fees and expenses.

Free Cash Flow

Free cash flow ~~increased~~decreased $2192 million ~~and $958 million~~ during the three ~~and nine~~ months ended ~~September~~March 3031, ~~2025,~~2026 ~~respectively,~~ compared to the corresponding prior ~~periods~~period in ~~2024~~2025 due to the following (dollars in millions):

	Three months ended September 30, 2025compared to three months ended September 30, 2024		Nine months ended September 30, 2025compared to nine months ended September 30, 2024
			Three months ended March 31, 2026compared to three months ended March 31, 2025
Decrease in cash paid for taxes, net	$	402	$	347
Increase in capital expenditures			$	(456)
Changes in working capital, mobile devices	154		287
Decrease in Adjusted EBITDA			(126)
Increase (decrease) in Adjusted EBITDA	(86)		208
Increase in cash paid for interest, net			(71)
Decrease in cash paid for interest, net	46		204
Changes in working capital, excluding mobile devices			409
Increase in capital expenditures	(488)		(117)
Changes in working capital, mobile devices			51
Changes in working capital, excluding mobile devices	68		(48)
Other, net			1
Other, net	(94)		77
			$	(192)
	$	2	$	958

Other, net primarily included the payment of a litigation settlement during the nine months ended September 30, 2024 compared to the corresponding period in 2025.

Limitations on Distributions

Distributions by our subsidiaries to a parent company for payment of principal on parent company notes are restricted under CCO Holdings indentures governing CCO Holdings' indebtedness, unless there is no default under the applicable indenture, and unless CCO Holdings' leverage ratio test is met at the time of such distribution. As of ~~September~~March 3031, ~~2025~~2026, there was no default

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under any of these indentures, and CCO Holdings met its leverage ratio test based on ~~September~~March 3031, ~~2025~~2026 financial results. There can be no assurance that CCO Holdings will satisfy its leverage ratio test at the time of the contemplated distribution.

In addition to the limitation on distributions under the various indentures, distributions by our subsidiaries may be limited by applicable law, including the Delaware Limited Liability Company Act, under which our subsidiaries may only make distributions if they have “surplus” as defined in the act.

Historical Operating, Investing, and Financing Activities

Cash and Cash Equivalents. We held $~~464~~517 million and $~~459~~477 million in cash and cash equivalents as of ~~September~~March 3031, ~~2025~~2026 and December 31, ~~2024~~2025, respectively. In addition, we held $57105 million and $47121 million in restricted cash included in prepaid and other current assets in our consolidated balance sheets as of ~~September~~March 3031, ~~2025~~2026 and December 31, ~~2024~~2025, respectively.

Operating Activities. Net cash provided by operating activities increased $~~1.3~~68 ~~billion~~million during the ~~nine~~three months ended ~~September~~March 3031, ~~2025~~2026 compared to the ~~nine~~three months ended ~~September~~March 3031, ~~2024~~2025 primarily due to afavorable ~~decrease~~changes in ~~cash~~working ~~paid for taxes and interest, increase in Adjusted EBITDA and the payment of litigation settlements in 2024~~capital.

Investing Activities. Net cash used in investing activities was $83.60 billion and $82.18 billion for the ~~nine~~three months ended ~~September~~March 3031, ~~2025~~2026 and ~~2024~~2025, respectively. The increase in cash used was primarily due to an increase in capital expenditures, ~~and~~partly ~~changes~~offset by a favorable change in accrued expenses related to capital expenditures.

Financing Activities. Net cash used in financing activities increased $~~865~~234 million during the ~~nine~~three months ended ~~September~~March 3031, ~~2025~~2026 compared to the ~~nine~~three months ended ~~September~~March 3031, ~~2024~~2025 primarily due to an increase in the purchase of treasury stock ~~and decrease in borrowings under the EIP Financing Facility, partly offset by an increase in the amount by which borrowings of long-term debt exceeded repayments~~.

Capital Expenditures

We have significant ongoing capital expenditure requirements. Capital expenditures were $32.19 billion and $82.34 billion for the three ~~and nine~~ months ended ~~September~~March 3031, ~~2025,~~2026 ~~respectively,~~ and ~~$2.6 billion and $8.2 billion for the three and nine months ended September 30~~2025, ~~2024,~~ respectively. The increase ~~during the three and nine months ended September 30, 2025 compared to the corresponding periods in 2024~~ was primarily driven by ~~timing of customer premise equipment spend,~~ higher spend on network evolution and an increase in ~~scalable~~customer ~~infrastructure~~premise ~~spend, partly offset by a decrease in line extensions~~equipment. See the table below for more details.

We currently expect full year ~~2025~~2026 capital expenditures, excluding impacts from the Cox Transactions, to total approximately $11.54 billion. The actual amount of capital expenditures in ~~2025~~2026 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.

Our capital expenditures are funded primarily from cash flows from operating activities and borrowings on our credit facility. In addition, our accrued expenses related to capital expenditures ~~increased~~decreased by $~~239~~77 million and $~~510~~273 million for the ~~nine~~three months ended ~~September~~March 3031, ~~2025~~2026 and ~~2024~~2025, respectively.

2725

The following tables present our major capital expenditures categories in accordance with National Cable and Telecommunications Association (“NCTA”) disclosure guidelines for the three ~~and nine~~ months ended ~~September~~March 3031, ~~2025~~2026 and ~~2024~~2025. These disclosure guidelines are not required disclosures under GAAP, nor do they impact our accounting for capital expenditures under GAAP (dollars in millions):

Three Months Ended September 30,

Nine Months Ended September 30,

Three Months Ended March 31,

2025

2024

2025

2024

2026

2025

Customer premise equipment (a)

~~656~~

~~400~~

~~1,722~~668

~~1,597~~473

Scalable infrastructure (b)

~~425~~

~~321~~

~~1,089~~310

~~1,011~~293

Upgrade/rebuild (c)

~~484~~

~~358~~

~~1,336~~675

~~1,228~~395

Support capital (d)

~~449~~

~~403~~

~~1,234~~390

~~1,212~~360

Capital expenditures, excluding line extensions

~~2,014~~

~~1,482~~

52,~~381~~043

51,~~048~~521

Subsidized rural construction line extensions

~~580~~

~~577~~

~~1,590~~426

~~1,569~~467

Other line extensions

~~457~~

~~504~~

~~1,353~~386

~~1,590~~411

Total line extensions (e)

~~1,037~~

~~1,081~~

~~2,943~~812

~~3,159~~878

Total capital expenditures

~~3,051~~

~~2,563~~

82,~~324~~855

82,~~207~~399

Of which:

Commercial services

~~336~~

~~346~~

~~933~~286

~~1,103~~273

Subsidized rural construction initiative (f)

~~582~~

~~581~~

~~1,595~~427

~~1,575~~468

Mobile

~~189~~60

~~181~~53

(a)Customer premise equipment includes equipment and devices located at the customer's premise used to deliver our Internet, video and voice services (e.g., modems, routers and set-top boxes), as well as installation costs.

(b)Scalable infrastructure includes costs, not related to customer premise equipment or our network, to secure growth of new customers or provide service enhancements (e.g., headend equipment).

(c)Upgrade/rebuild includes costs to modify or replace existing fiber/coaxial cable networks, including our network evolution initiative.

(d)Support capital includes costs associated with the replacement or enhancement of non-network assets (e.g., back-office systems, non-network equipment, land and buildings, vehicles, tools and test equipment).

(e)Line extensions include network costs associated with entering new service areas (e.g., fiber/coaxial cable, amplifiers, electronic equipment, make-ready and design engineering).

(f)The subsidized rural construction initiative subcategory includes projects for which we are receiving subsidies from federal, state and local governments, excluding customer premise equipment and installation.

Recently Issued Accounting Standards

See Note 1422 to the ~~accompanying consolidated financial statements contained in “Item 1. Financial Statements” and Note 21 to the~~ Annual Report on Form 10-K for the year ended December 31, ~~2024~~2025 for a discussion of recently issued accounting standards. There have been no material changes from the recently issued accounting standards described in our Form 10-K.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

There have been no material changes to the interest rate risk as previously disclosed in Part II, Item 7A of our Annual Report on Form 10-K for the year ended December 31, ~~2024~~2025.

Item 4. Controls and Procedures.

As of the end of the period covered by this report, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, we have evaluated the effectiveness of our design and operation of disclosure controls and procedures with respect to the information generated for use in this quarterly report. The evaluation was based upon reports and certifications provided by a number of executives. Based on, and as of the date of that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that the disclosure controls and procedures were effective to provide reasonable assurances that information required to be disclosed in the reports we file or submit under the

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Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms.

In designing and evaluating the disclosure controls and procedures, our management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable, not absolute, assurance of achieving the desired control objectives, and management necessarily was required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures. Based upon the evaluation, we believe that our controls provide such reasonable assurances.

During the quarter ended ~~September~~March 3031, ~~2025~~2026, there was no change in our internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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PART II. OTHER INFORMATION

Item 1. Legal Proceedings.

See Note 1920 to our Annual Report on Form 10-K for the year ended December 31, ~~2024~~2025 for a discussion of legal proceedings. Within this section, we use a threshold of $1 million in disclosing environmental proceedings involving a governmental authority, if any.

Item 1A. Risk Factors.

Our Annual Report on Form 10-K for the year ended December 31, ~~2024~~2025 includes "Risk Factors" under Item 1A of Part I. There have been no material changes from the risk factors described in our Form 10-K ~~except to add the risk factors set forth below~~.

Risks Related to the Cox Transactions

The Cox Transactions are subject to conditions, some or all of which may not be satisfied, or completed on a timely basis, if at all. Failure to complete the Cox Transactions could have a material adverse effect on us.

The completion of the Cox Transactions is subject to a number of conditions, including, among other things, (i) the approval of the certificate amendment proposal by the affirmative vote of the holders of a majority of the aggregate voting power of the outstanding shares of Charter Class A common stock and Class B common stock, voting together as a single class; (ii) the approval of the share issuance proposal by the affirmative vote of the holders of a majority of the votes cast by the holders of Charter Class A common stock and Class B common stock, voting together as a single class; (iii) any applicable waiting period (and any extension thereof) under the Hart-Scott-Rodino Antitrust Improvements Act, and any commitments by the parties not to close before a certain date under any timing agreement entered into with a government entity, in each case, with respect to the Cox Transactions shall have expired or been terminated (solely with respect to the obligations of the Charter parties to close, without the imposition of a burdensome condition); (iv) the receipt of certain other required regulatory approvals, including approval of the Federal Communications Commission and certain local franchise authority, state franchising and state public utility commission approvals (solely with respect to the obligations of the Charter parties to close, without the imposition of a burdensome condition); (v) the absence of any law, rule, executive order, decree, judgment, injunction or other order (whether temporary, preliminary or permanent) which makes unlawful, prohibits, delays, enjoins or otherwise prevents or restrains the completion of the Cox Transactions; (vi) each party’s representations and warranties being true and correct (subject to certain materiality and material adverse effect qualifications); (vii) the absence of a material adverse effect on each party; and (viii) each party having performed in all material respects its obligations under the Transaction Agreement.

While the parties have agreed in the Transaction Agreement to use reasonable best efforts to satisfy the closing conditions, the parties may not be successful in their efforts to do so. The failure to satisfy all of the required conditions could delay the completion of the Cox Transactions for a significant period of time or prevent completion from occurring at all. Any delay in completing the Cox Transactions could cause us not to realize some or all of the benefits of the Cox Transactions, or realize them on a different timeline than expected. There can be no assurance that the conditions in the Transaction Agreement will be satisfied or (to the extent permitted) waived or that the Cox Transactions will be completed. In addition, subject to limited exceptions, either Charter or Cox Enterprises may terminate the Transaction Agreement if the Cox Transactions have not been consummated by the end date, so long as the terminating party’s failure to comply in all material respects with the Transaction Agreement has not been a primary cause of the failure of the Closing to occur on or before the end date.

If the Cox Transactions are not completed, we may be materially adversely affected, without realizing any of the anticipated benefits of having completed the Cox Transactions, and we will be subject to a number of risks, including the following:

•the market price of Charter common stock could decline;

•we could owe a substantial termination fee to Cox Enterprises under certain circumstances;

•if the Transaction Agreement is terminated and we seek another transaction, we may not find a party willing to enter into a transaction on terms comparable to or more attractive than the terms agreed to in the Transaction Agreement;

•time and resources, financial and other, committed by Charter’s and its subsidiaries’ management to matters relating to the Cox Transactions could otherwise have been devoted to pursuing other beneficial opportunities;

•Charter and its subsidiaries may experience negative reactions from the financial markets or from our customers, suppliers, regulators or employees;

•we will be required to pay certain costs relating to the Cox Transactions, such as legal, accounting, financial advisory, filing, printing and mailing fees, whether or not the Cox Transactions are completed;

•Charter and Cox Communications are subject to restrictions on the conduct of their respective businesses prior to the effective time, as set forth in the Transaction Agreement, which may prevent us or Cox Communications, as applicable, from making certain acquisitions or taking other actions during the pendency of the Cox Transactions; and

•we may experience reputational harm due to the adverse perception of any failure to successfully complete the Cox Transactions.

In addition, if the Cox Transactions are not completed, we could be subject to litigation related to any failure to complete the Cox Transactions or related to any enforcement proceeding commenced against us to perform our obligations under the Transaction Agreement. Any of these risks could materially and adversely impact our financial condition, financial results and stock price.

Our plans for funding the cash consideration and assuming indebtedness of Cox Communications may be adversely affected to the extent of any greater-than-expected increases in our indebtedness, lower-than-expected operating results, credit rating downgrades, or significant financial market disruptions.

We are obligated to fund $4.0 billion of cash consideration under the Transaction Agreement which we expect to fund by incurring indebtedness, and expect to assume approximately $12.4 billion of Cox Communications’ outstanding net debt and finance leases in connection with the Cox Transactions, including Cox Communications’ outstanding unsecured notes as of Closing (the “Cox Notes”). The indentures and supplemental indentures governing the Cox Notes contain certain negative covenants, including restrictions on the incurrence of secured indebtedness and indebtedness of restricted subsidiaries. If our indebtedness increases more than expected, our operating results are lower than expected, or significant financial markets disruptions occur, our cash on hand and available liquidity under our existing credit facilities may be insufficient to fund the cash portion of the consideration. Further, completion of the Cox Transactions may constitute a “change of control repurchase event” under the supplemental indentures governing certain of the Cox Notes if, in connection with the Cox Transactions, each of S&P Global Ratings, Moody’s Investors Service, Inc. and Fitch Ratings, Inc. downgrade the credit rating of certain series of Cox Notes to a rating below “investment grade” (regardless of whether the rating prior to such downgrade was “investment grade” or below “investment grade”) prior to 60 days following consummation of a change of control (which period may be extended in certain circumstances). In such a circumstance, Charter (or one of its subsidiaries that, at the time, is the primary obligor of such series of notes) would be required to offer to repurchase each applicable holder’s Cox Notes of such series at a purchase price in cash equal to 101% of the aggregate principal amount of such series of Cox Notes repurchased, plus accrued and unpaid interest. In the event of such ratings downgrades, we may require additional debt financing to fund such repurchases, which may not be available on terms acceptable to us, or at all. A failure to make the applicable change of control offer or to pay the applicable change of control purchase price when due would result in a default in respect of the applicable series of Cox Notes and could result in a default under the terms of other indebtedness of Charter and its subsidiaries.

Charter and Cox Communications are subject to contractual restrictions while the Cox Transactions are pending, which could adversely affect their respective businesses and operations.

Under the terms of the Transaction Agreement, Charter and Cox Communications are subject to certain restrictions on the conduct of their respective businesses prior to the Closing. Such limitations may affect Charter’s or Cox Communications’ ability to execute certain of their business strategies, including the ability in certain cases to amend their organizational documents, repurchase shares or declare dividends in certain circumstances, incur certain indebtedness or complete certain acquisitions and other transactions, which could adversely affect Charter or Cox Communications prior to the effective time.

The risks described above may be exacerbated by delays or other adverse developments with respect to the completion of the Cox Transactions.

We will incur direct and indirect costs as a result of the Cox Transactions.

We will incur substantial expenses in connection with and as a result of completing the Cox Transactions, including advisory, legal and other transaction costs, and, following the completion of the Cox Transactions, we expect to incur additional expenses in connection with combining the companies. A portion of these costs have already been incurred or will be incurred regardless of whether the Cox Transactions are completed. Factors beyond our control could affect the total amount or timing of these expenses, many of which, by their nature, are difficult to estimate accurately. Our management continues to assess the magnitude of these costs, and additional unanticipated costs may be incurred in connection with the Cox Transactions.

Although we expect that the realization of benefits related to the Cox Transactions will offset such costs and expenses over time, no assurances can be made that this net benefit will be achieved in the near term, or at all.

A/N and Liberty Broadband currently have governance rights that give them influence over corporate transactions and other matters. In connection with the Cox Transactions, Liberty Broadband will lose its governance rights (assuming the closing of the Liberty Broadband Combination), A/N’s governance rights will be modified and Cox Enterprises will receive governance rights pursuant to the amended stockholders agreement and amendments to Charter’s governing documents, and Cox Enterprises and A/N will have influence over corporate transactions and other matters.

The Transaction Agreement contemplates that, at the Closing, Charter, A/N and Cox Enterprises will enter into the amended stockholders agreement, which will amend and restate in its entirety the existing stockholders agreement. If the Liberty Broadband Combination is completed, the existing stockholders agreement, which sets forth, among other things, certain of Liberty Broadband’s governance rights with respect to Charter, will terminate with respect to Liberty Broadband. The Liberty Broadband side letter further provides that Liberty Broadband will cause the three Liberty Broadband designees serving on Charter’s board of directors (the “Charter Board”) to resign effective immediately prior to the effective time of the closing of the Liberty Broadband Combination.

Based on Charter’s share count as of September 30, 2025, Charter expects that Cox Enterprises will own approximately 24.8% of the combined entity’s diluted shares outstanding, on an as-exchanged, as-converted basis and assuming the contemporaneous closing of the previously announced Liberty Broadband Combination. Pursuant to the amended stockholders agreement and the amended certificate of incorporation, the size of the Charter Board will continue to be fixed at 13 directors, and at the Closing, the directors then serving as A/N’s designees will continue to serve on the Charter Board and three designees selected by Cox Enterprises (with the prior approval of Charter (not to be unreasonably withheld)) will become members of the Charter Board. Thereafter, each of Cox Enterprises and A/N will be entitled to designate up to three nominees to be elected to the Charter Board provided that each maintains certain specified voting or equity ownership thresholds. Cox Enterprises and A/N will be required to vote (subject to the applicable voting cap) their respective shares of Charter common stock for the director nominees nominated by the nominating committee of the Charter Board, including the respective designees of Cox Enterprises and A/N, and against any other nominees, except that, with respect to the directors that were not designated by either Cox Enterprises or A/N (the “Unaffiliated Directors”), Cox Enterprises and A/N must instead vote in the same proportion as the voting securities are voted by stockholders other than Cox Enterprises and A/N or any group (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) which includes any of them are voted, if doing so would cause a different outcome with respect to the Unaffiliated Directors. Cox Enterprises and A/N also will have certain committee designation and other governance rights. Additionally, the amended stockholders agreement will provide that each of Cox Enterprises and A/N will be subject to certain limits on acquisitions of Charter shares (30% in the case of Cox Enterprises; 19% in the case of A/N). In addition, any shares owned by Cox Enterprises or A/N in excess of its applicable voting cap (30% in the case of Cox Enterprises; 15% in the case of A/N) must be voted in proportion to the public stockholders of Charter, other than with respect to certain excluded matters.

The amended stockholders agreement will also provide that at the Closing, Alexander C. Taylor, Chairman and Chief Executive Officer of Cox Enterprises, will serve as the Chairman of the Charter Board for an initial three-year term (unless Mr. Taylor ceases to serve as a member of the Charter Board prior thereto). The lead independent director of the Charter Board at the Closing will be Eric L. Zinterhofer, current Non-executive Chairman of the Charter Board. Following Mr. Taylor’s term as Chairman, the Charter Board will return to its normal annual process. Additionally, following Mr. Taylor’s term as Chairman, Christopher L. Winfrey, the Chief Executive Officer of Charter, will serve as Chairman of the Charter Board; provided that if Mr. Winfrey is no longer a member of the Charter Board or is unwilling to serve as Chairman, then Mr. Zinterhofer instead will serve as Chairman (subject to his continued membership on the Charter Board and willingness to serve).

At the Closing, Charter will amend its certificate of incorporation and bylaws in order to, among other things, reflect the agreed-upon governance terms to be included in the amended stockholders agreement.

As a result of their rights under the amended stockholders agreement and their significant equity and voting stakes in Charter, Cox Enterprises and/or A/N, who may have interests different from those of other stockholders, will be able to exercise substantial influence over certain matters relating to the governance of Charter, including the approval of significant corporate actions, such as mergers and other business combination transactions.

The amended stockholders agreement will provide A/N and Cox Enterprises with preemptive rights with respect to issuances of Charter equity in connection with certain transactions, and in the event that A/N or Cox Enterprises exercises these rights, holders of Charter Class A common stock may experience further dilution.

The amended stockholders agreement will provide that after the Closing, if Charter proposes to issue any equity securities of Charter in a capital raising transaction, each of Cox Enterprises and A/N (for so long as each party’s equity interest in Charter is equal to or greater than 10%), will have the right to purchase, in whole or in part, for cash a number of such securities that will be determined based on such investor’s pro rata equity interest in Charter. The amended stockholders agreement will define a capital raising transaction as any offering of shares of Charter Class A common stock (or any securities convertible into or exchangeable or exercisable for shares of Charter Class A common stock) for cash, whether registered under the Securities Act or otherwise (other than pursuant to a stockholders rights plan).

As a result, if Cox Enterprises and/or A/N elect to exercise their preemptive rights, (i) these parties would not experience the dilution experienced by the other holders of Charter Class A common stock, and (ii) such other holders of Charter Class A common stock may experience further dilution of their interest in Charter upon such exercise.

We currently have a significant amount of debt and expect to incur additional debt in connection with the Cox Transactions, which could adversely affect our financial condition and our ability to react to changes in our business.

We have significant debt, with total principal amount of approximately $95.0 billion and a leverage ratio of 4.2 times Adjusted EBITDA as of September 30, 2025. We expect to incur additional debt in the future as Charter plans to maintain leverage near the midpoint of its stated 4.0 to 4.5 times Adjusted EBITDA target leverage range (net debt divided by the last twelve months Adjusted EBITDA) in the period leading up to the Closing and to fund the $4.0 billion of cash consideration required in the Cox Transactions using debt. Charter will also assume Cox Communications' approximately $12.4 billion of net debt and finance leases as part of the Cox Transactions. Charter plans to adjust its long-term target leverage range after Closing to 3.5 to 4.0 times Adjusted EBITDA but will still have a significant amount of debt.

Our significant amount of debt could have adverse consequences, such as to:

•impact our ability to raise additional debt capital at reasonable rates, or at all;

•make us vulnerable to interest rate increases, in part because approximately 13% of our borrowings as of September 30, 2025 were, and may continue to be, subject to variable rates of interest;

•expose us to increased interest expense to the extent we refinance existing debt with higher cost debt;

•require us to dedicate a significant portion of our cash flow from operating activities to make payments on our debt, reducing our funds available for capital expenditures and other general corporate purposes;

•limit our flexibility in planning for, or reacting to, changes in our business, the cable and telecommunications industries, and the economy at large;

•place us at a disadvantage compared to our competitors that have proportionately less debt; and

•adversely affect our relationship with customers and suppliers.

In addition, we expect to incur additional indebtedness in the future, including to refinance and/or in connection with the assumption of indebtedness of Cox Communications and/or its subsidiaries after the completion of the Cox Transactions. To the extent our current debt amounts increase more than expected, our operating results are lower than expected, credit rating agencies downgrade our debt thereby increasing our costs of borrowing and potentially limiting our access to investment grade markets, or significant financial market disruptions occur, the related risks that we now face will intensify.

If we are not able to successfully integrate Cox Communications’ business within the anticipated time frame, or at all, the anticipated cost savings and other benefits of the Cox Transactions may not be realized fully, or at all, or may take longer to realize than expected. In such circumstances, in the event the Cox Transactions are completed, we may not perform as expected and the value of the Charter Class A common stock may be adversely affected.

Charter and Cox Communications have operated and, until completion of the Cox Transactions will continue to operate, independently, and there can be no assurances that their businesses can be integrated successfully. After the consummation of the Cox Transactions the combined company will have significantly more systems, assets, investments, businesses, customers and employees than each company did prior to the Cox Transactions. It is possible that the integration process could result in the loss of key Charter and/or Cox Communications employees, the loss of subscribers and customers, the disruption of the companies’ ongoing businesses or unexpected integration issues, higher than expected integration costs and an overall post-completion integration process that takes longer than originally anticipated. The process of integrating Cox Communications

with the businesses Charter operated prior to the Cox Transactions will require significant capital expenditures and the expansion of certain operations and operating and financial systems. Management of each company will be required to devote a significant amount of time and attention to the integration process before the Cox Transactions are completed. There is a significant degree of difficulty and management involvement inherent in that process. These difficulties include:

•integrating the companies’ operations and corporate functions;

•integrating the companies’ technologies, networks and customer service platforms;

•integrating and unifying the product offerings and services available to customers;

•harmonizing the companies’ operating practices, employee development and compensation programs, internal controls and other policies, procedures and processes;

•maintaining existing relationships and agreements with customers, providers, programmers and other vendors and avoiding delays in entering into new agreements with prospective customers, providers and vendors;

•addressing possible differences in business backgrounds, corporate cultures and management philosophies;

•consolidating the companies’ administrative and information technology infrastructure;

•coordinating programming and marketing efforts;

•coordinating geographically dispersed organizations;

•integrating information, purchasing, provisioning, accounting, finance, sales, billing, payroll, reporting and regulatory compliance systems;

•integrating and unifying the product offerings and services available to customers, including customer premise equipment and video user interfaces;

•managing a larger company than before the completion of the Cox Transactions; and

•attracting and retaining the necessary personnel associated with the acquired assets.

Even if the new businesses are successfully integrated, it may not be possible to realize the benefits that are expected to result from the Cox Transactions, or realize these benefits within the time frame that is expected. For example, the elimination of duplicative costs may not be possible or may take longer than anticipated, or the benefits from the Cox Transactions may be offset by costs incurred or delays in integrating the businesses and increased operating costs. If the combined company fails to realize the anticipated benefits from the Cox Transactions, its liquidity, results of operations, financial condition and/or share price may be adversely affected. In addition, at times, the attention of certain members of Charter’s and/or Cox Communications’ management and resources may be focused on the completion of the Cox Transactions and the integration of the businesses and diverted from day-to-day business operations, which may disrupt each company’s business and the business of the combined company.

The market prices of Charter Class A common stock may decline as a result of the Cox Transactions.

The market prices of Charter Class A common stock may decline as a result of the Cox Transactions if, among other things, the costs of the Cox Transactions are greater than expected, we do not achieve the perceived benefits of the Cox Transactions as rapidly or to the extent anticipated by financial or industry analysts or the effect of the Cox Transactions on our financial position, results of operations or cash flows is not consistent with the expectations of financial or industry analysts. Any of these events may make it more difficult for Charter to sell equity or equity-related securities and have an adverse impact on the price of Charter Class A common stock.

The Cox Transactions raise other risks.

The pending Cox Transactions raise additional risks not described above. For additional information, see the definitive proxy statement with respect to the Cox Transactions, filed by Charter on July 2, 2025, including the sections entitled “Risk Factors” and “Where You Can Find More Information” included therein.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

Purchases of Equity Securities by the Issuer

The following table presents Charter’s purchases of equity securities completed during the ~~third~~first quarter of ~~2025~~2026 (dollars in millions, except per share amounts):

Period	Total Number of Shares Purchased (1)	Average Price Paid per Share	Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)	Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (2)
July 1 - 31, 2025	1,157,009	$383.41	1,145,112	$904
January 1 - 31, 2026	847,118	$200.29	484,708	$346
August 1 - 31, 2025	2,391,841	$278.39	2,388,637	$732
February 1 - 28, 2026	1,570,198	$231.82	1,549,001	$27
September 1 - 30, 2025	3,810,838	$264.43	3,764,309	$252
March 1 - 31, 2026	2,264,503	$223.47	2,254,386	$179

(1)Includes 11362,~~897~~410, 321,~~204~~197 and 4610,~~529~~117 shares withheld from employees for the payment of taxes and exercise costs upon the exercise of stock options or vesting of other equity awards for the months of ~~July~~January, ~~August~~February and ~~September~~March ~~2025~~2026, respectively.

(2)During the three months ended ~~September~~March 3031, ~~2025~~2026, Charter purchased approximately 74.3 million shares of its Class A common stock for approximately $2.1 ~~billion~~. ~~Charter Holdings purchased~~ 0.3 ~~million Charter Holdings common units from A/N at an average price per unit of $386~~billion.~~99, or $121 million, during the three months ended September 30, 2025.~~ As of ~~September~~March 3031, ~~2025~~2026, Charter had remaining board authority to purchase an additional $~~252~~179 million of Charter’s Class A common stock and/or Charter Holdings common units, excluding purchases from Liberty Broadband. In addition to open market purchases including pursuant to Rule 10b5-1 plans adopted from time to time, Charter may also buy shares of Charter Class A common stock, from time to time, pursuant to private transactions outside of its Rule 10b5-1 plan and any such repurchases may also trigger the repurchases from A/N pursuant to and to the extent provided in the Existing A/N Letter Agreement or Liberty Broadband pursuant to the Stockholders and Letter Agreement Amendment.

Item 6. Exhibits.

See Exhibit Index.

3528

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, Charter Communications, Inc. has duly caused this quarterly report to be signed on its behalf by the undersigned, thereunto duly authorized.

	CHARTER COMMUNICATIONS, INC.
	Registrant
	By:	/s/ Kevin D. Howard
		Kevin D. Howard
Date: October 31, 2025		Executive Vice President, Chief Accounting Officer and Controller
Date: April 24, 2026		Executive Vice President, Chief Accounting Officer and Controller

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Exhibit Index

Exhibit						Description
4.1						Indenture, dated as of ~~July~~May 23, ~~2015~~2019, among ~~Charter~~CCO ~~Communications Operating~~Holdings, LLC, ~~Charter~~CCO ~~Communications~~Holdings ~~Operating~~ Capital Corp. and ~~CCO Safari II, LLC, as issuers, and~~ The Bank of New York Mellon Trust Company, N.A., as trustee ~~and collateral agent~~ (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K filed by Charter Communications, Inc. on ~~July~~May 2730, ~~2015~~2019).
4.2						~~Twenty-Sixth~~Eleventh Supplemental Indenture, dated as of ~~September~~January 213, ~~2025~~2026, among ~~Charter~~CCO ~~Communications Operating~~Holdings, LLC, ~~Charter~~CCO ~~Communications~~Holdings ~~Operating~~ Capital Corp., ~~as issuers, CCO Holdings, LLC, the subsidiary guarantors party thereto~~ and The Bank of New York Mellon Trust Company, N.A., as trustee ~~and collateral agent~~ (incorporated by reference to Exhibit 4.2 to the Current Report on Form 8-K filed by Charter Communications, Inc. on ~~September~~January 214, ~~2025~~2026).
4.3						Form of 57.~~850~~000% Senior ~~Secured~~ Notes due ~~2035~~2033 (included in Exhibit 4.2 hereto).
4.4						Form of 67.~~700~~375% Senior ~~Secured~~ Notes due ~~2055~~2036 (included in Exhibit 4.2 hereto).
10.1						~~Employment~~Exchange and Registration Rights Agreement, ~~between~~dated ~~Charter~~January ~~Communications~~13, ~~Inc~~2026, relating to the 7.000% Senior Notes due 2033 and ~~Richard~~the ~~DiGeronimo~~7.375% Senior Notes due 2036, ~~dated~~among ~~August~~CCO 1Holdings, ~~2025~~LLC, CCO Holdings Capital Corp. and Morgan Stanley & Co. LLC, as representative of the several Purchasers (as defined therein) (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed by Charter Communications, Inc. on ~~August~~January 514, ~~2025~~2026).
31.1						Certificate of Chief Executive Officer pursuant to Rule 13a-14(a)/Rule 15d-14(a) under the under the Securities Exchange Act of 1934.
10.2						Employment Agreement, dated as of January 16, 2026, by and between Charter Communications, Inc. and Adam Ray (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed by Charter Communications, Inc. on January 22, 2026).
31.2						Certificate of Chief Financial Officer pursuant to Rule 13a-14(a)/Rule 15d-14(a) under the Securities Exchange Act of 1934.
10.3						Employment Agreement, dated as of February 24, 2026, by and between Charter Communications, Inc. and Nick Jeffery (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed by Charter Communications, Inc. on February 25, 2026).
32.1						Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chief Executive Officer).
10.4*						Amendment Agreement to Amendment No. 1 to the Second Amended and Restated Stockholders Agreement and the Letter Agreement, dated as of March 5, 2026, by and among Charter Communications, Inc., Advance/Newhouse Partnership and Liberty Broadband Corporation.
32.2						Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chief Financial Officer).
31.1*						Certificate of Chief Executive Officer pursuant to Rule 13a-14(a)/Rule 15d-14(a) under the under the Securities Exchange Act of 1934.
101						The following financial information from Charter Communications, Inc.’s Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2025, filed with the Securities and Exchange Commission on October 31, 2025, formatted in iXBRL (inline eXtensible Business Reporting Language) includes: (i) the Consolidated Balance Sheets; (ii) the Consolidated Statements of Operations; (iii) the Consolidated Statements of Changes in Shareholders' Equity; (iv) the Consolidated Statements of Cash Flows; and (vi) the Notes to the Consolidated Financial Statements.
31.2*						Certificate of Chief Financial Officer pursuant to Rule 13a-14(a)/Rule 15d-14(a) under the Securities Exchange Act of 1934.
32.1*						Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chief Executive Officer).
32.2*						Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chief Financial Officer).
101						The following financial information from Charter Communications, Inc.’s Quarterly Report on Form 10-Q for the three months ended March 31, 2026, filed with the Securities and Exchange Commission on April 24, 2026, formatted in iXBRL (inline eXtensible Business Reporting Language) includes: (i) the Consolidated Balance Sheets; (ii) the Consolidated Statements of Operations; (iii) the Consolidated Statements of Changes in Shareholders' Equity; (iv) the Consolidated Statements of Cash Flows; and (vi) the Notes to the Consolidated Financial Statements.
104						Cover Page, formatted in iXBRL and contained in Exhibit 101.

* Filed herewith

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