Charter Q2 Revenue Misses, Broadband Losses Deepen; Stock Near 52-Week Low
CHTR is trading near its 52-week low of $123.16 (2.6% below the low) on elevated volume (1.9× avg).
Summary
Charter's Q2 revenue of $13.50B missed the $13.51B consensus, with a 1.7% YoY decline driven by residential video and internet weakness. Adjusted EBITDA fell 4.3% as costs held flat. The company lost 172,000 internet customers, though mobile lines grew by 406,000 and mobile service revenue jumped 18.9%. Management guided to ~$11.4B in 2026 capex and expects to complete its network evolution by 2027. The stock, already trading near its 52-week low of $123.16, faces pressure from accelerating broadband subscriber losses. This follows a Q2 marked by aggressive buybacks—$838M in the quarter—and insider selling in May.
At the time of this announcement, CHTR was trading at $119.93 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $17.5B. The 52-week trading range was $123.16 to $402.15. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.