Charter Stock Plunges Over 20% on Tempered Full-Year Outlook and Broadband Subscriber Miss
Summary
Charter Communications' stock plunged over 20% following the company's Q1 2026 earnings call, where management tempered full-year revenue expectations. The CFO indicated that average revenue per user (ARPU) is now expected to remain roughly flat for the remainder of the year, a significant downgrade from prior positive growth projections. This market reaction builds on earlier reports today detailing a substantial miss in core broadband subscribers, with a loss of 120,000 internet customers in Q1, more than double the prior-year period. The revised outlook and ongoing subscriber challenges, exacerbated by increasing competition from fixed wireless and fiber, are driving a significant re-evaluation of the company's growth trajectory. Traders will closely monitor future subscriber trends and strategic responses to competitive pressures.
At the time of this announcement, CHTR was trading at $184.43 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $26B. The 52-week trading range was $180.38 to $437.06. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.