Charter Communications reported third quarter 2026 revenue of $14.92 billion, exceeding analyst estimates following the completion of its Cox Communications acquisition. However, the company recorded a heavy net loss primarily due to a $6.3 billion non-cash franchise impairment charge. In response to persistent broadband pressure, management launched a new operating model targeting $2 billion in annualized cost savings alongside its ongoing Cox integration.
Key Highlights
- Broadband subscriber losses widened to 233,000 on a pro forma basis, compared to a decline of 171,000 in the prior-year period.
- A $6.3 billion franchise impairment charge resulted in a quarterly net loss of $20.50 per basic share.
- Spectrum Mobile lines grew by 508,000 on a pro forma basis, reaching a total of 13.5 million lines.
- The company announced a major efficiency program targeting $2 billion in annualized expense savings over the next 18 months.