US EditionCharter: Q1 Earnings Snapshot
The cable company lost 120,000 internet customers and 51,000 video subscribers as executives said the Cox deal could add $800 million in synergies.
- Shares of Charter Communications plummeted more than 20% to around $190 on Friday after the company reported first-quarter earnings of $9.17 per share, missing Wall Street estimates of $9.96 per share.
- With FCC and DOJ approval secured, Charter is advancing its $34.5 billion acquisition of Cox Enterprise, expected to close by summer as the company navigates regulatory requirements.
- Operational results showed Charter losing 120,000 internet subscribers—double the prior-year decline—while shedding 51,000 residential video customers as total revenue dipped 1% to $13.6 billion.
- During the analyst call, Charter CFO Jessica Fischer raised synergy forecasts for the Cox merger to at least $800 million, up from $500 million, while lowering full-year revenue guidance.
- CEO Chris Winfrey expressed confidence in Charter's long-term strategy, stating the company remains focused on completing the Cox acquisition before pursuing additional merger activity.
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Why Charter Communications Stock Plummeted Today
Key PointsCharter stock got hit with a massive valuation pullback following the company's Q1 report. The business posted weaker-than-expected earnings and reported a decline for internet subscribers. 10 stocks we like better than Charter Communications › Charter Communications (NASDAQ: CHTR) stock got crushed in Friday's trading following the company's latest quarterly report. The telecom player's share price closed out the day's trading down 23…
Charter outlines $11.4B 2026 CapEx while expecting run-rate spending below $8B after evolution and expansion conclude (NASDAQ:CHTR)
Charter (CHTR) Q1 2026 earnings call insights: Spectrum Mobile growth, broadband pressure, Cox deal synergies ($800M+), ARPU/CapEx outlook—read now.
Charter Shares Plummet After Broadband Losses And Q1 Earnings Disappoint Wall Street
Charter Communications shares plummeted more than 20% in early trading Friday after the company delivered first-quarter results that disappointed Wall Street. Earnings per share of $9.17 on a diluted basis fell well short of analysts’ consensus estimate of $10.63. Total revenue dipped 1% to $13.6 billion, hitting the Street’s target. Charter lost 120,000 broadband customers […]
The Hollywood Reporter
TV Tech Industry NewsCharter Loses 51,000 Pay TV Subscribers in First Quarter
The cable and internet giant has used new packaging and pricing efforts to better retain residential video subscribers amid competition from YouTube and streaming rivals.
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