Charter Communications Q1 revenue slightly beats estimates on mobile service growth

Charter Communications

24/04/2026 12:09

Overview

US cable and broadband provider's Q1 revenue declined 1% yr/yr, slightly beating analyst expectations

EPS for Q1 reported at $9.17

Company repurchased $963 mln in stock during Q1

Outlook

Charter expects 2026 capital expenditures of about $11.4 bln, excluding Cox transaction impacts

Company says actual 2026 capex will depend on network evolution pace, supply chain, and business growth

Charter expects to complete its network evolution initiative in 2027

Result Drivers

VIDEO REVENUE DECLINE - Co said lower residential video revenue, due to a higher mix of lower-priced packages, increased costs for programmer streaming applications, and fewer video customers, drove overall revenue decline

INTERNET REVENUE PRESSURE - Internet revenue fell 1.3% yr/yr, as a decline in Internet customers outweighed favorable changes in bundled revenue allocation and rate adjustments

MOBILE SERVICE GROWTH - Mobile service revenue rose 15.1% yr/yr, driven by mobile line growth and rate adjustments, partly offset by less favorable bundled revenue allocation

Company press release: ID:nPn67pLV7a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$13.6 bln
$13.55 bln (17 Analysts)
Q1 EPS
$9.17
Q1 Free Cash Flow
$1.4 bln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 11 "hold" and 6 "sell" or "strong sell"

The average consensus recommendation for the integrated telecommunications services peer group is "buy."

Wall Street's median 12-month price target for Charter Communications Inc is $270.00, about 11.7% above its April 23 closing price of $241.78

The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 5 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)