特许通讯 2025年度报告

(Mark One) For the fiscal year ended December31, 2025or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YesNo Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. YesNo Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12months (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 past90days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to Rule 405 ofRegulation 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No 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Accelerated filerNon-accelerated filer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 revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect thecorrection of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of theregistrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No The aggregate market value of the outstanding ClassA common stock of the registrant held by non-affiliates at June30, 2025 was approximately $37.1 billion,computed based on the closing sale price as quoted on the NASDAQ Global Select Market on that date. For purposes of this calculation only, directors, executiveofficers and the principal controlling shareholders or entities controlled by such controlling shareholders of the registrant are deemed to be affiliates of the registrant. There were 126,631,549 shares of ClassA common stock outstanding as of December31, 2025. There was 1 share of ClassB common stock outstanding as of the samedate. Documents Incorporated By Reference Information required by Part III is incorporated by reference from the registrant’s proxy statement or an amendment to this Annual Report on Form 10-K to be filed nolater than 120 days after the end of the registrant's fiscal year ended December31, 2025. CHARTER COMMUNICATIONS, INC.FORM 10-K — FOR THE YEAR ENDED DECEMBER31, 2025 TABLE OF CONTENTS PART I Item1Business1Item 1ARisk Factors21Item 1BUnresolved Staff Comments35Item 1CCybersecurity35Item2Properties37Item3Legal Proceedings37Item 4Mine Safety Disclosures37PART IIItem5Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities38Item6[Reserved]39Item7Management's Discussion and Analysis of Financial Condition and Results of Operations39Item7AQuantitative and Qualitative Disclosures About Market Risk53Item8Financial Statements and Supplementary Data54Item9Changes in and Disagreements with Accountants on Accounting and Financial Disclosure54Item 9AControls and Procedures54Item 9BOther Information57Item 9CDisclosure Regarding Foreign Jurisdictions that Prevent Inspections57PART IIIItem10Directors, Executive Officers and Corporate Governance58Item11Executive Compensation58Item12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters58Item13Certain Relationships and Related Transactions, and Director Independence58Item14Principal Accountant Fees and Services58PART IVItem15Exhibits and Financial Statement Schedules59Item 16Form 10-K Summary59SignaturesS-1Exhibit IndexE-1 This annual report on Form10-K is for the year ended December31, 202