Charter Communications stock drops over 25% after earnings report
Updated
Updated · The Wall Street Journal · Apr 24
Charter Communications stock drops over 25% after earnings report
8 articles · Updated · The Wall Street Journal · Apr 24
Charter reported a 1% revenue decline to $13.6 billion and a net income of $1.16 billion for Q1 2026, with internet subscribers down 120,000 and video subscribers down 60,000.
Average revenue per user rose 1.1% from the prior quarter but fell 1.4% year-over-year, and the company now expects flat average revenue per user for the full year.
Charter continues to add mobile customers, gaining 368,000 in Q1, and expects to close its merger with Cox Communications this summer pending regulatory approval, amid intensifying competition from fixed wireless and fiber providers.
With soaring data use but flat revenue, how can telecom companies like Charter actually make money?
Charter's stock just had its worst day ever. What does this signal for the entire cable industry?
Will the massive Cox merger save Charter or just create a bigger company with the same problems?
Can Charter's multi-gigabit upgrade win the race against encroaching fiber and 5G competitors?
Down 25%, is Charter a deep value buy or a classic value trap for investors?