Charter Communications slides, loses more broadband customers than expected

Liberty Broadband

24/04/2026 15:31

Updates

** Shares of broadband and cable TV provider Charter Communications CHTR.O fall 18.5% to $197.15

** Peers' shares also decline, with Comcast CMCSA.O down 5.7% at $29.84 and Liberty Broadband LBRDA.O retreating ~19% to $45.77

** Charter loses 120,000 broadband customers in Q1, vs. Visible Alpha estimate of 100,036 losses

** Adds 360,000 mobile lines during quarter, compared with VA estimates of 431,920 additions

** Reports Q1 revenue of $13.56 billion, compared with analysts' average estimate of $13.55 billion - data compiled by LSEG

** As of last close, CHTR up 15.8% YTD

(Reporting by Anhata Rooprai in Bengaluru)

((Anhata.Rooprai@thomsonreuters.com))