Charter Communications reported first quarter 2026 revenue of $13.6 billion, a 1.0% year-over-year decline, and diluted EPS of $9.17. The results were marked by accelerating broadband customer losses, which significantly exceeded analyst expectations, and were partially offset by continued growth in mobile lines.
Key Highlights
- The broadband customer base contracted significantly with a net loss of 120,000 internet subscribers during the quarter, a larger decline than the 59,000 loss in the prior year's quarter.
- The Spectrum Mobile segment continued to expand, adding 368,000 lines, although this represents a slowdown from the 507,000 added in the same quarter last year.
- Adjusted EBITDA declined 2.2% year-over-year to $5.6 billion, reflecting pressure from the 1.0% drop in total revenue and shifts in business mix.