🔴 Charter Communications is trading 5.4% down today on accelerating broadband subscriber losses

Charter Communications is trading 5.4% down at $119.73 after reporting softer Q2 results and a significant decline in its core internet business.

• Revenue fell 1.7% year-over-year to $13.5 billion, while adjusted EBITDA dropped 4.3% to $5.4 billion.
• The company lost 172,000 broadband subscribers during the quarter, a figure worse than both last year's performance and analyst expectations.
• Markets remain focused on the increased pressure on the core broadband segment despite relative strength in the mobile division.