Charter Communications Inc. (NASDAQ:CHTR) shares ticked higher in Monday’s premarket session after plunging 25.50% on Friday to close at $180.13 following a mixed first-quarter 2026 report.
Earnings Snapshot
The broadband and cable provider posted quarterly revenue of $13.597 billion, down 1.0% year over year but slightly above the analyst consensus estimate of $13.539 billion. Earnings came in at $9.17 per share, missing expectations of $9.98.
Chief Financial Officer Jessica Fischer said revenue declined 1% primarily due to lower residential video revenue, while residential connectivity revenue rose 0.9%.
Charter lost 120,000 internet customers in the quarter, compared with a decline of 59,000 a year earlier.
The company reiterated its 2026 capital spending forecast of about $11.4 billion, compared with $11.7 billion in fiscal 2025.
Earnings Call Takeaways
Charter Communications reported a 1% year-over-year decline in revenue, primarily due to lower residential …