🔴 Charter Communications is trading 10.66% down today after weak Q2 earnings and accelerating broadband losses

Charter Communications is trading 10.66% down at $113.02 following a disappointing second-quarter earnings report.

• Broadband subscriber losses accelerated to 172,000, while revenue fell 1.7% year-over-year and adjusted EBITDA dropped 4.3%.
• Management faced investor pushback regarding whether mobile bundling strategies can effectively offset intensifying competition from fiber providers and Starlink.