Street View: Charter Communications under pressure as growth stalls

Charter Communications

28/07/2025 09:31

** Charter Communications CHTR.O reported higher-than-expected broadband subscriber loss in the second quarter on Friday, as the cable giant grappled with competition from wireless carriers that are bundling high-speed internet services with 5G mobile plans

** Co reported quarterly revenue of $13.77 billion vs analysts' average estimate of $13.76 billion, according to data compiled by LSEG

** Average rating by 22 analysts is "hold", $432.5 median PT - LSEG

LOSING GROUND IN BROADBAND

** RBC Capital Markets ("sector perform," PT: $370) says Charter could lose market share over time as it faces stronger competition from fiber and fixed wireless access (FWA) providers

** Oppenheimer ("outperform," PT: $500) says Charter's broadband is likely to improve as video services stabilize and wireless usage grows, but the segment will lag due to customer losses tied to the end of the Affordable Connectivity Program (ACP)

** TD Cowen ("buy," PT: $488) says entire cable industry is trading lower while a part of Charter's pain comes from its large former ACP customer base

** Morningstar (fair value: $490) doesn’t expect Charter to return to net broadband customer growth this year or next, says investors hoping for a turnaround will likely be disappointed as fixed-wireless providers continue to take market share and competitive fiber network expansion accelerates

 (Reporting by Akriti Shah in Bengaluru)

 ((akriti.shah@thomsonreuters.com))