By Dean Seal
Charter Communications shares moved higher after the company added more mobile lines in the first quarter and tempered a decline in TV subscribers.
The stock was up 11% at $370.95 in early trading. Shares are now in positive territory year-to-date. They were trading at $259.10 at this time a year ago.
The cable company reported adding 514,000 Spectrum Mobile lines in the first three months of the year to end the quarter with 10.4 million total, a bigger gain than the 486,000 lines it had added in the same quarter a year earlier.
Total video customers decreased by 181,000 in the first quarter to 12.7 million, a smaller dropoff than the 405,000 subscribers that fled in the comparable period in 2024.
Charter said its bundled packages and simplified pricing structures helped keep more of its paying TV customers around.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
April 25, 2025 11:38 ET (15:38 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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