CHTR

Comcast (CMCSA) has lost 19.2% over the past year, while the S&P 500 returned 18.5%, and the reason given is usually broadband: 167,000 subscribers gone in the June quarter. The stock trades at 0.7 times sales, its own ten-year low. The number that argues the other way is not an earnings figure. Free cash flow over the last twelve months ran at about 159% of reported net income. Why Is Comcast Choosing To Earn Less From Broadband? Most of the pressure on broadband revenue per customer is deliberate. Management did not take a broadband rate increase, migrated customers onto simplified pricing with lower everyday price points, and pushed free wireless lines that dilute broadband ARPU on day one. Broadband ARPU fell 3.8% in the June quarter. Spending on the customer experience behind the same shift contributed to a 5.8% decline in Connectivity & Platforms EBITDA. The group adjusted EBITDA fell 5% in the June quarter, on two causes: management names, the go-to-market pivot, and the first year of the NBA rights contract, whose costs land before the revenue does. Management frames both as timing. The same quarter still produced $4.6 billion of free cash flow, of which $2.1 billion went back to shareholders. The repair is coming out of cash. What Is Comcast Getting For The Revenue It Gave Up? Comcast added 448,000 net wireless lines in the June quarter, its second consecutive record, with roughly half of residential postpaid phone connects coming from customers taking a free line. It ended the quarter with 10.2 million lines, 17% penetration of its domestic residential broadband customer base, and only 7% of the total wireless line opportunity in its footprint. Broadband losses still improved by 34,000 year over year. Convergence ARPA, the value of the customer relationship once wireless is added to broadband, is roughly $85, well below what telecom competitors report. Each free line that converts to paid lifts that number from a low base, and management expects more to convert through the second half of 2026, though convergence ARPA fell 1.5% in the June quarter. Can You Trust The Cash While Broadband Keeps Shrinking? The case has edges. Parks softened more than management anticipated, with attendance across the broader Orlando market weakening in June and staying weak into the third quarter of 2026. Peacock turned its first profit in the June quarter, $189 million of EBITDA, though management expects that to swing with the sports calendar. Share repurchases have been paused since July 1 and stay that way until the media separation closes, roughly a year away on management's plan. The cash keeps arriving; less of it comes back through the share count for now. The options market prices the same uncertainty, with implied volatility in the 79th percentile of its own trailing one-year range. Cash conversion is not a forecast that broadband stops shrinking. It says Comcast can fund the repair itself while the argument is being settled, and a price at its ten-year low on sales suggests the market is giving that little credit. Our dip-buying screen puts the same question to other names the market has marked down. How Big Should A High Conviction Position Actually Be? A strong signal is worth acting on, just not with more of your net worth than one surprise could undo. Concentration tends to arrive by accident rather than by decision. What your largest position would do to your net worth is exactly what the Trefis Wealth team computes, with the same rules-based systematic discipline that runs our High Quality Portfolio. Request a free vulnerability audit of your biggest positions.

STAMFORD, Conn., Aug. 20, 2026 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") today announced the expiration and final results of the previously announced (i) private offer by its wholly-owned subsidiaries, Charter Communications Operating, LLC ("CCO"), Charter Communications Operating Capital Corp. ("CCO Capital" and, together with CCO, collectively, the "CCO Issuers" or the "Company") and Time Warner Cable, LLC (the "TWC Issuer" and, together with CCO Issuers, the "Old Notes Issuers"), as applicable, to exchange (the "Pool 1 Offer") seven series of notes issued by the CCO Issuers or the TWC Issuer, as applicable (collectively, the "Pool 1 Notes"), for a combination of cash consideration and a new series of Senior Secured Notes due 2038 (the "New 2038 Notes") to be issued by the CCO Issuers and (ii) private offer by the CCO Issuers to exchange (the "Pool 2 Offer" and, together with the Pool 1 Offer, the "Exchange Offers") five series of notes (collectively, the "Pool 2 Notes" and, together with the Pool 1 Notes, the "Old Notes" and each series of Old Notes, a "series of Old Notes") for a combination of cash and a new series of Senior Secured Notes due 2041 (the "New 2041 Notes" and, together with the New 2038 Notes, the "New Notes" and each series of New Notes, a "series of New Notes") to be issued by the CCO Issuers. As of 5:00 p.m., New York City time, on August 20, 2026 (the "Expiration Date"), according to information provided by D.F. King & Co., Inc., the exchange agent and the information agent for the Exchange Offers, the aggregate principal amount of $84,396,000 of Pool 1 Notes had been validly tendered and not withdrawn in the Pool 1 Offer after the Early Tender Date (as defined below) but on or prior to the Expiration Date, representing 0.8% of the outstanding Pool 1 Notes, and the aggregate principal amount of $60,651,000 of Pool 2 Notes had been validly tendered and not withdrawn in the Pool 2 Offer after the Early Tender Date but on or prior to the Expiration Date, representing 0.6% of the outstanding Pool 2 Notes, each as detailed below. Pool 1 Notes Pool 2 Notes As previously announced, the maximum aggregate principal amount of New 2038 Notes that the CCO Issuers will issue in connection with the Exchange Offers is $2,000,000,000 (the "New 2038 Notes Cap"), the maximum aggregate principal amount of New 2041 Notes that the CCO Issuers will issue in connection with the Exchange Offers is $2,000,000,000 (the "New 2041 Notes Cap") and the maximum aggregate principal amount of 4.500% Notes that the Company will accept for exchange pursuant to the terms of the Pool 1 Offer is $614,423,000 (the "4.500% Notes Sub-Cap"). The maximum aggregate principal amount of Pool 1 Notes that the Company will accept for exchange pursuant to the terms of the Pool 1 Offer is an amount of Pool 1 Notes that results in the issuance of New 2038 Notes in an amount not exceeding the New 2038 Notes Cap. The maximum aggregate principal amount of Pool 2 Notes that the Company will accept for exchange pursuant to the terms of the Pool 2 Offer is an amount of Pool 2 Notes that results in the issuance of the New 2041 Notes in an amount not exceeding the New 2041 Notes Cap. The maximum aggregate principal amount of the 4.500% Notes that the Company will accept for exchange is the 4.500% Notes Sub-Cap. The aggregate principal amount of 4.500% Notes tendered as of the Early Tender Date is equal to the 4.500% Notes Sub-Cap and as such no additional 4.500% Notes tendered after the Early Tender Date will be accepted. The complete terms and conditions of the Exchange Offers are set forth in the offering memorandum, dated July 23, 2026 (as amended and supplemented from time to time, the "Offering Memorandum"). Eligible Holders of Old Notes who validly tendered their Old Notes after 5:00 p.m., New York City time, on August 5, 2026 (the "Early Tender Date") on or prior to the Expiration Date, and whose Old Notes are accepted pursuant to the terms of the applicable Exchange Offers, will receive (i) the Total Exchange Consideration, which includes the Early Exchange Premium (as defined in the Offering Memorandum), and (ii) accrued and unpaid interest in cash from the last applicable interest payment date to, but excluding, the Final Settlement Date, the amount of any pre-issuance interest on the New Notes exchanged therefor for the period from, and including, August 12, 2026 (the "Early Settlement Date") to, but not including, the Final Settlement Date, plus amounts due in lieu of fractional amounts of New Notes. The final settlement of the Exchange Offers for Old Notes validly tendered after the Early Tender Date and at or prior to the Expiration Date is expected to occur on August 24, 2026 (such date, the "Final Settlement Date"), subject to the satisfaction of the conditions of the Exchange Offers as set forth in the Offering Memorandum. Upon completion of the final settlement of the Exchange Offers, the Old Notes Issuers will have exchanged in total, (i) $2,749,089,000 in aggregate principal amount of the Pool 1 Notes for New 2038 Notes and cash, and (ii) $2,750,000,000 in aggregate principal amount of the Pool 2 Notes for New 2041 Notes and cash, in each case, as set forth in the Offering Memorandum. The New Notes and related guarantees and the offering thereof have not been registered with the Securities and Exchange Commission (the "SEC") under the Securities Act of 1933, as amended (the "Securities Act"), or any state or foreign securities laws. The New Notes and related guarantees may not be offered or sold in the United States or to any U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Exchange Offers are only being made, and the New Notes and related guarantees are only being offered and will only be issued to holders of Old Notes who are (1) reasonably believed to be "qualified institutional buyers" ("QIBs") as defined in Rule 144A under the Securities Act ("Rule 144A") or (2) outside the United States to persons other than "U.S. persons" as defined in Rule 902 under the Securities Act in offshore transactions in compliance with Regulation S under the Securities Act ("Regulation S") (such holders, the "Eligible Holders"). Only Eligible Holders who have properly completed and returned the eligibility certification, which is available from the information agent, are authorized to receive and review the Offering Memorandum and to participate in the Exchange Offers. Additionally, in order to participate in the Exchange Offers, Eligible Holders located in Canada are required to complete, sign and submit to the information agent a Canadian Eligibility Form (which is available from the information agent). There is no separate letter of transmittal in connection with the Offering Memorandum. This press release is not an offer to sell or a solicitation of an offer to buy any of the securities described herein. The Exchange Offers are being made solely by the Offering Memorandum and only to such persons and in such jurisdictions as is permitted under applicable law. Barclays Capital Inc., Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are serving as the joint lead dealer managers for the Exchange Offers, and BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are serving as the co-dealer managers for the Exchange Offers. Questions regarding the Exchange Offers may be directed to Barclays Capital Inc., Liability Management Group at (800) 438-3242 (toll free) or (212) 528-7581 (collect), Citigroup Global Markets Inc., Liability Management Group at (800) 558-3745 (toll free) or (212) 723-6106 (collect) or Morgan Stanley & Co. LLC, Liability Management Group at (800) 624-1808 (toll free) or (212) 761-1057 (collect). D.F. King & Co., Inc. acts as the exchange agent and information agent for the Exchange Offers. Documents relating to the Exchange Offers will only be distributed to holders of Old Notes who certify that they are Eligible Holders. Questions or requests for assistance related to the Exchange Offers or for additional copies of the Offering Memorandum, eligibility certification or Canadian beneficial holder form may be directed to D.F. King & Co., Inc. at (888) 644-5854 (toll-free) or (646) 981-1289 (banks and brokers) or by email at [email protected]. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Exchange Offers. The Offering Memorandum, eligibility certification and Canadian beneficial holder form can be accessed at the following link: www.dfking.com/charter. About Charter Charter Communications, Inc. (NASDAQ: CHTR) is the leading broadband and video company in the nation and the fastest growing mobile provider in its footprint, with services available to more than 70 million homes and small to large businesses across 45 states through its Spectrum brand. Founded in 1993, Charter has evolved from providing cable TV to streaming, and from high-speed Internet to a converged broadband, WiFi and mobile experience. Over the Spectrum Fiber Broadband Network and supported by our 100% U.S.-based employees, the Company offers Seamless Connectivity and Entertainment with Spectrum Internet®, Mobile, TV and Voice products. More information can be found at corporate.charter.com. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, the Exchange Offers. Although we believe that our plans, intentions and expectations as reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions including, without limitation, the factors described under "Risk Factors" from time to time in Charter's filings with the SEC. Many of the forward-looking statements contained in this press release may be identified by the use of forward-looking words such as "believe," "future," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," "aim," "on track," "target," "opportunity," "tentative," "positioning," "designed," "create," "predict," "project," "initiatives," "seek," "would," "could," "continue," "ongoing," "upside," "increases," "grow," "focused on" and "potential," among others. All forward-looking statements attributable to the Company or any person acting on our behalf are expressly qualified in their entirety by this cautionary statement. The Company is under no duty or obligation to update any of the forward-looking statements after the date of this press release. View original content to download multimedia:https://www.prnewswire.com/news-releases/charter-announces-expiration-and-final-results-of-debt-exchange-offers-302856989.html

STAMFORD, Conn., Aug. 6, 2026 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") announced today the early tender results for the previously announced (i) private offer by its wholly-owned subsidiaries, Charter Communications Operating, LLC ("CCO"), Charter Communications Operating Capital Corp. ("CCO Capital" and, together with CCO, collectively, the "CCO Issuers" or the "Company") and Time Warner Cable, LLC (the "TWC Issuer" and, together with CCO Issuers, the "Old Notes Issuers"), as applicable, to exchange (the "Pool 1 Offer") seven series of notes issued by the CCO Issuers or the TWC Issuer, as applicable (collectively, the "Pool 1 Notes"), for a combination of cash consideration and a new series of Senior Secured Notes due 2038 (the "New 2038 Notes") to be issued by the CCO Issuers and (ii) private offer by the CCO Issuers to exchange (the "Pool 2 Offer" and, together with the Pool 1 Offer, the "Exchange Offers") five series of notes (collectively, the "Pool 2 Notes" and, together with the Pool 1 Notes, the "Old Notes" and each series of Old Notes, a "series of Old Notes") for a combination of cash and a new series of Senior Secured Notes due 2041 (the "New 2041 Notes" and, together with the New 2038 Notes, the "New Notes" and each series of New Notes, a "series of New Notes") to be issued by the CCO Issuers. As of the previously announced early tender time of 5:00 p.m., New York City time, on August 5, 2026 (the "Early Tender Date"), according to information provided by D.F. King & Co., Inc., the exchange agent and the information agent for the Exchange Offers, the aggregate principal amount of $2,664,740,000 of Pool 1 Notes had been validly tendered and not withdrawn in the Pool 1 Offer, representing 26.5% of the outstanding Pool 1 Notes, and the aggregate principal amount of $2,689,377,000 of Pool 2 Notes had been validly tendered and not withdrawn in the Pool 2 Offer, representing 27.8% of the outstanding Pool 2 Notes, each as detailed below. Pool 1 Notes Pool 2 Notes Charter further announced that the Company has amended the Exchange Offers to increase the consideration for Eligible Holders who validly tender their Old Notes after the Early Tender Date (as defined below) but on or prior to the Expiration Date (as defined below), and whose Old Notes are accepted for exchange pursuant to the terms of the applicable Exchange Offers, to receive, for each $1,000 aggregate principal amount of Old Notes validly tendered after the Early Tender Date but on or prior to the Expiration Date (and not validly withdrawn), the Total Exchange Consideration (as defined in the Offering Memorandum). In addition, the Company has increased (i) the maximum aggregate principal amount of New 2038 Notes that the CCO Issuers will issue in connection with the Exchange Offers from $1,750,000,000 to $2,000,000,000 (as increased, the "New 2038 Notes Cap"), (ii) the maximum aggregate principal amount of New 2041 Notes that the CCO Issuers will issue in connection with the Exchange Offers from $1,750,000,000 to $2,000,000,000 (as increased, the "New 2041 Notes Cap") and (iii) the maximum aggregate principal amount of 4.500% Notes that the Company will accept for exchange pursuant to the terms of the Pool 1 Offer from $450,000,000 to $614,423,000, which is equivalent to the amount of 4.500% Notes tendered prior to the Early Tender Date (as increased, the "4.500% Notes Sub-Cap"). The maximum aggregate principal amount of Pool 1 Notes that the Company will accept for exchange is an amount of Pool 1 Notes that results in the issuance of New 2038 Notes in an amount not exceeding the New 2038 Notes Cap. The maximum aggregate principal amount of Pool 2 Notes that the Company will accept for exchange is an amount of Pool 2 Notes that results in the issuance of the New 2041 Notes in an amount not exceeding the New 2041 Notes Cap. The maximum aggregate principal amount of the 4.500% Notes that the Company will accept for exchange is the 4.500% Notes Sub-Cap. Except as stated in this press release, no other terms of the Exchange Offers have changed. The complete terms and conditions of the Exchange Offers are set forth in the offering memorandum, dated July 23, 2026 (as amended and supplemented from time to time, the "Offering Memorandum"). The withdrawal deadline for the Exchange Offers occurred at 5:00 p.m., New York City time, on August 5, 2026 (the "Withdrawal Deadline"). As a result, tenders of Old Notes submitted in the Exchange Offers after the Withdrawal Deadline will be irrevocable except in the limited circumstances where additional withdrawal rights are required by law (as determined by the Company). The pricing of the New Notes will occur at 10:00 a.m., New York City time, on August 6, 2026. The Company has elected to exercise its right to settle the Exchange Offers for Old Notes that were validly tendered (and not validly withdrawn) prior to or at the Early Tender Date and that are accepted for exchange pursuant to the terms of the applicable Exchange Offers on August 12, 2026 (the "Early Settlement Date"). Eligible Holders of Old Notes who validly tendered their Old Notes on or prior to the Early Tender Date, and whose Old Notes are accepted pursuant to the terms of the applicable Exchange Offers, will receive (i) the Total Exchange Consideration, which includes the Early Exchange Premium (as defined in the Offering Memorandum), and (ii) accrued and unpaid interest in cash from the last applicable interest payment date to, but excluding, the Early Settlement Date, plus amounts due in lieu of fractional amounts of New Notes. The amount of outstanding Old Notes validly tendered at or prior to the Early Tender Date (and not validly withdrawn at or prior to the Withdrawal Deadline), as reflected in the tables above, satisfied the Minimum New Issue Condition in each of the Exchange Offers as described in the Offering Memorandum. The Exchange Offers will expire at 5:00 p.m., New York City time, on August 20, 2026, unless extended or earlier terminated by the Company (the "Expiration Date"). The New Notes and related guarantees and the offering thereof have not been registered with the Securities and Exchange Commission (the "SEC") under the Securities Act of 1933, as amended (the "Securities Act"), or any state or foreign securities laws. The New Notes and related guarantees may not be offered or sold in the United States or to any U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Exchange Offers are only being made, and the New Notes and related guarantees are only being offered and will only be issued to holders of Old Notes who are (1) reasonably believed to be "qualified institutional buyers" ("QIBs") as defined in Rule 144A under the Securities Act ("Rule 144A") or (2) outside the United States to persons other than "U.S. persons" as defined in Rule 902 under the Securities Act in offshore transactions in compliance with Regulation S under the Securities Act ("Regulation S") (such holders, the "Eligible Holders"). Only Eligible Holders who have properly completed and returned the eligibility certification, which is available from the information agent, are authorized to receive and review the Offering Memorandum and to participate in the Exchange Offers. Additionally, in order to participate in the Exchange Offers, Eligible Holders located in Canada are required to complete, sign and submit to the information agent a Canadian Eligibility Form (which is available from the information agent). There is no separate letter of transmittal in connection with the Offering Memorandum. Holders are advised to check with any bank, securities broker or other intermediary through which they hold Old Notes as to when such intermediary needs to receive instructions from a holder in order for that holder to be able to participate in, or (in the circumstances in which revocation is permitted) revoke their instruction to participate in the Exchange Offers before the deadlines specified herein and in the Offering Memorandum, eligibility certification and Canadian Eligibility Form. The deadlines set by each clearing system for the submission and withdrawal of exchange instructions will also be earlier than the relevant deadlines specified herein and in the Offering Memorandum, eligibility certification and Canadian Eligibility Form. This press release is not an offer to sell or a solicitation of an offer to buy any of the securities described herein. The Exchange Offers are being made solely by the Offering Memorandum and only to such persons and in such jurisdictions as is permitted under applicable law. Barclays Capital Inc., Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are serving as the joint lead dealer managers for the Exchange Offers, and BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are serving as the co-dealer managers for the Exchange Offers. Questions regarding the Exchange Offers may be directed to Barclays Capital Inc., Liability Management Group at (800) 438-3242 (toll free) or (212) 528-7581 (collect), Citigroup Global Markets Inc., Liability Management Group at (800) 558-3745 (toll free) or (212) 723-6106 (collect) or Morgan Stanley & Co. LLC, Liability Management Group at (800) 624-1808 (toll free) or (212) 761-1057 (collect). D.F. King & Co., Inc. will act as the exchange agent and information agent for the Exchange Offers. Documents relating to the Exchange Offers will only be distributed to holders of Old Notes who certify that they are Eligible Holders. Questions or requests for assistance related to the Exchange Offers or for additional copies of the Offering Memorandum, eligibility certification or Canadian beneficial holder form may be directed to D.F. King & Co., Inc. at (888) 644-5854 (toll-free) or (646) 981-1289 (banks and brokers) or by email at [email protected]. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Exchange Offers. The Offering Memorandum, eligibility certification and Canadian beneficial holder form can be accessed at the following link: www.dfking.com/charter. About Charter Charter Communications, Inc. (NASDAQ: CHTR) is a leading broadband connectivity company with services available to nearly 59 million homes and small to large businesses across 41 states through its Spectrum brand. Founded in 1993, Charter has evolved from providing cable TV to streaming, and from high-speed Internet to a converged broadband, WiFi and mobile experience. Over the Spectrum Fiber Broadband Network and supported by our 100% U.S.-based employees, the company offers Seamless Connectivity and Entertainment with Spectrum Internet®, Mobile, TV and Voice products. More information about Charter can be found at corporate.charter.com. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, the Exchange Offers. Although we believe that our plans, intentions and expectations as reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions including, without limitation, the factors described under "Risk Factors" from time to time in Charter's filings with the SEC. Many of the forward-looking statements contained in this press release may be identified by the use of forward-looking words such as "believe," "future," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," "aim," "on track," "target," "opportunity," "tentative," "positioning," "designed," "create," "predict," "project," "initiatives," "seek," "would," "could," "continue," "ongoing," "upside," "increases," "grow," "focused on" and "potential," among others. All forward-looking statements attributable to the Company or any person acting on our behalf are expressly qualified in their entirety by this cautionary statement. The Company is under no duty or obligation to update any of the forward-looking statements after the date of this press release. View original content to download multimedia:https://www.prnewswire.com/news-releases/charter-announces-results-of-early-tenders-in-debt-exchange-offers-and-amendment-and-upsize-of-debt-exchange-offers-302844918.html

Charter’s second quarter was marked by ongoing subscriber declines in its core Internet business and a year-over-year drop in revenue, which contributed to a negative market reaction. Management cited increased competition from fixed wireless and fiber providers as the main factor behind the softness in broadband additions. CEO Christopher Winfrey acknowledged, “Softer gross additions remains the primary driver of our Internet customer growth weakness, while churn remained largely unchanged.” Despite these challenges, the company highlighted improving trends in its video segment and strong mobile line growth as partial offsets. Is now the time to buy CHTR? Find out in our full research report (it’s free). Revenue: $13.53 billion vs analyst estimates of $13.51 billion (1.7% year-on-year decline, in line) Adjusted EPS: $10.66 vs analyst estimates of $10.41 (2.4% beat) Adjusted EBITDA: $5.45 billion vs analyst estimates of $5.57 billion (40.3% margin, 2.2% miss) Operating Margin: 22.6%, down from 23.8% in the same quarter last year Internet Subscribers: down 515,000 year on year Market Capitalization: $16.94 billion While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Craig Moffett (MoffettNathanson) asked about the outlook for broadband ARPU (average revenue per user), and CFO Jessica Fischer responded that ARPU would improve sequentially in Q3, aided by price adjustments and cost pass-throughs, but stressed the company does not manage strictly to product-level ARPU. Vikash Harlalka (New Street Research) questioned the reasons for the change in EBITDA outlook and press reports about a potential Starlink partnership. Fischer cited lower-than-expected broadband growth and higher controllable expenses, while CEO Winfrey declined to comment on specific Starlink talks, noting Charter regularly explores strategic partnerships. Steven Cahall (Wells Fargo) inquired about potential wireless network partnerships and how Cox’s trends compare with Charter’s. Winfrey explained Charter’s "capital-light" approach to wireless via partnerships with Verizon and T-Mobile, and noted Cox’s subscriber and revenue trends are slightly weaker than Charter’s but the integration playbook remains unchanged. Walter Piecyk (LightShed Partners) asked if Charter would consider network co-builds with firms like SpaceX or invest to close remaining wireless coverage gaps. Winfrey was clear there are no plans to alter capital expenditure plans and reaffirmed confidence in the current partnership-based strategy. Walter Piecyk (LightShed Partners) also probed the mix of WiFi offload between home modems and public hotspots. Winfrey said the majority is still via home WiFi, with CBRS (Citizens Broadband Radio Service) deployment expanding as density and ROI justify further investment. Going forward, the StockStory team will be watching (1) the pace of broadband subscriber stabilization and signs of returning growth, (2) progress on executing and realizing expected synergies from the Cox acquisition, and (3) improvements in free cash flow as capital expenditures decrease. Additional focus will be on Charter’s ability to manage competitive pressures and leverage its bundling strategy to reduce churn and support margins. Charter currently trades at $140.42, up from $126.50 just before the earnings. Is there an opportunity in the stock? Find out in our full research report (it’s free for active Edge members). ONE MORE THING: Top 6 Stocks for This Week. This market is separating quality stocks from expensive ones fast. AI is taking down whole sectors with no warning. In a rotation this fast, you need more than a list of good companies. Our AI system flagged Palantir before it ran 1,662% between October 2022 and February 2026. AppLovin before it ran 753% between February 2024 and February 2026. Nvidia before it ran 1,178% between January 2023 and February 2026. Each week it produces 6 new names that pass the same tests. Get Our Top 6 Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+271% between June 2020 and June 2025). Find your next big winner with StockStory today.

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Charter Communications (CHTR) is back in focus after second quarter 2026 results showed lower sales alongside higher earnings per share, as well as continued internet subscriber losses and a pending Cox Communications acquisition reshaping expectations. See our latest analysis for Charter Communications. At a share price of $123.31, Charter Communications has seen its share price return decline 31.5% over the past three months and its 1-year total shareholder return fall 60.2%. This suggests sentiment has weakened despite recent earnings and buyback headlines. If the shifts in Charter Communications have you reassessing your watchlist, this could be a good moment to look at 18 top founder-led companies Charter Communications continues to generate sizeable earnings and cash, yet the stock has been hit hard as internet losses, cord cutting and the Cox deal cloud the picture. Is a solid broadband business now priced as if it is broken? At $123.31, the most followed narrative on Charter Communications points to a fair value of $233.88, framing the stock as heavily discounted against its implied long term earnings power. Read the complete narrative. The narrative leans on steadier revenue, higher margins and a lower future earnings multiple than many US media peers. Want to see which assumptions really carry that valuation and how much of it comes down to earnings versus buybacks? Result: Fair Value of $233.88 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, this depends on Charter Communications containing broadband subscriber losses and managing a reported US$93.6b debt load, which could limit flexibility if conditions worsen. Find out about the key risks to this Charter Communications narrative. With sentiment on Charter Communications clearly split between concern and opportunity, this is a moment to move quickly and decide where you stand based on the 2 key rewards and 3 important warning signs If Charter Communications has sharpened your focus, do not stop here. The right screener can surface opportunities you might regret missing later. Spot potential bargains early by scanning companies that look mispriced on quality and value using the 49 high quality undervalued stocks. Strengthen your core holdings by filtering for companies with robust finances and dependable fundamentals through the solid balance sheet and fundamentals stocks screener (49 results). Hunt for fresh opportunities by checking the screener containing 20 high quality undiscovered gems that may not yet be widely followed but still show solid underlying metrics. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include CHTR. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

This article first appeared on GuruFocus. Revenue: Declined by 1.7% year over year, driven by lower residential revenue. EBITDA: Declined by 3.2% excluding Cox transition expenses. Net Income: $1.3 billion, essentially flat with the prior year period. Internet Customer Loss: 172,000 in the second quarter. Mobile Line Additions: Added 406,000 lines in the second quarter. Video Customer Loss: 21,000, an improvement from the previous year's loss of 80,000. Capital Expenditures: $2.9 billion, virtually flat compared to last year. Free Cash Flow: $1 billion, about $75 million lower than last year. Debt Principal: $94 billion with a weighted average cost of debt at 5.2%. Share Repurchases: 4 million shares totaling $838 million at an average price of $210 per share. Warning! GuruFocus has detected 3 Warning Signs with CHTR. Is CHTR fairly valued? Test your thesis with our free DCF calculator. Release Date: July 24, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Charter Communications Inc (NASDAQ:CHTR) added over 400,000 Spectrum mobile lines in the second quarter, marking a 16% growth over the last 12 months. The company reported a significant improvement in video customer losses, with only 21,000 losses compared to previous periods. Charter Communications Inc (NASDAQ:CHTR) has a fully deployed gigabit-plus network across its entire footprint, enhancing its competitive edge. The company expects a significant reduction in capital expenditures, which will positively impact free cash flow. Charter Communications Inc (NASDAQ:CHTR) is implementing AI service and cost benefits, which are beginning to ramp up and contribute to cost management measures. Charter Communications Inc (NASDAQ:CHTR) experienced a second-quarter Internet customer loss of 172,000, higher than the previous year. Revenue was down 1.7% year over year, primarily due to lower residential revenue. Second quarter EBITDA, excluding Cox transition expenses, declined by 3.2%. The company faces high competition for new customers from expanded competitive footprints. Transition expenses related to the pending Cox transaction totaled $65 million in the quarter, coming in higher than expected. Q: Can you update us on your outlook for broadband ARPU for the year and provide a comparable number for Charter's wireless offload? A: Broadband ARPU will improve sequentially in Q3. The impact from aggressive retention offers is lessening, and we expect a tailwind from rate cost pass-throughs in late July and early August. We focus on overall customer relationship ARPU rather than product-level ARPUs. Regarding wireless, we've been at 88% offload, moving up to 89% due to WiFi and CBRS, but recent product changes have temporarily pushed us back to 87%. Q: What led to the change in your EBITDA target for the year? A: The change is due to expectations around broadband subscribers and ARPU, as well as pressure from controllable expenses like fuel and medical costs. We are implementing cost management measures and price adjustments to improve our position in the second half of the year. Q: Is there potential for Charter to partner with builders like SpaceX for a wireless network, and how do Cox's Internet trends compare to yours? A: Our focus is on retail and B2B segments, but we are open to innovative partnerships that enhance product capabilities or lower costs. Cox's trends on subscribers and revenue have been slightly lower than Spectrum's, but we see opportunities for growth with our product offerings and pricing strategies. Q: Would Charter consider joining a network build to close the last 12% of wireless coverage? A: We have no plans to change our CapEx trajectory. We are committed to a capital-light approach with strong partnerships with Verizon and T-Mobile. Our focus remains on delivering converged retail services without building a new network. Q: Can you provide insight into the mix of wireless offload between home modems and community hotspots? A: The mix is changing with increased CBRS deployment. Initially, offload was primarily through our own WiFi network, but now includes out-of-footprint WiFi and CBRS. We continue to move upstream with ROI-based CBRS deployment, which is included in our CapEx outlook. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Charter Communications (CHTR) came out with quarterly earnings of $10.66 per share, beating the Zacks Consensus Estimate of $9.96 per share. This compares to earnings of $9.18 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +7.03%. A quarter ago, it was expected that this cable provider would post earnings of $9.97 per share when it actually produced earnings of $9.17, delivering a surprise of -8.02%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Charter, which belongs to the Zacks Cable Television industry, posted revenues of $13.53 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.06%. This compares to year-ago revenues of $13.77 billion. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Charter shares have lost about 39.4% since the beginning of the year versus the S&P 500's gain of 8.2%. While Charter has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Charter was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $9.98 on $13.55 billion in revenues for the coming quarter and $41.29 on $54.3 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Cable Television is currently in the bottom 21% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Cable One (CABO), is yet to report results for the quarter ended June 2026. This telecommunications company is expected to post quarterly earnings of $9.20 per share in its upcoming report, which represents a year-over-year change of +184.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Cable One's revenues are expected to be $348.64 million, down 8.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Charter Communications, Inc. (CHTR) : Free Stock Analysis Report Cable One, Inc. (CABO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Internet customer losses of 172,000 were driven by top-of-the-funnel softness and high competition from fixed wireless and fiber expansion, while churn remained largely unchanged. Management attributes the 3.2% EBITDA decline to softer Internet gross additions and higher controllable expenses like fuel and medical costs. The company is shifting its marketing focus to prioritize the initial Internet sale, followed by mobile and video upgrades to leverage significant churn reduction benefits. Mobile penetration of the Internet base is currently at 20%, representing a large growth opportunity as mobile customers churn nearly 40% less than standalone Internet users. Strategic positioning is being reinforced by the upcoming Cox acquisition, which is expected to provide $800 million to $1 billion in run-rate transaction synergies. Charter is leveraging its 100% U.S.-based service team and same-day service guarantees to improve Net Promoter Scores (NPS) and differentiate from competitors. The company views its network as mission-critical AI infrastructure, with 250 megawatts of available capacity in edge data centers to support future AI demand. Charter has lowered its post-transaction leverage target to a flat 3.5x, aiming to reach this goal within three years of closing the Cox and Liberty Broadband deals. Management expects a significant free cash flow ramp as capital expenditures are projected to decline from $12.1 billion to below $8 billion per year by 2028. Second-half EBITDA is expected to benefit from political advertising revenue, cost pass-throughs on Internet services, and new efficiency initiatives. The company plans to restart share repurchases in the fourth quarter of 2026 after a temporary pause to focus on liability management and the Cox closing. The integration of Cox will involve onshoring and in-sourcing all call center activity to the U.S. to improve service quality and operational efficiency. A $251 million headwind was recorded due to programmer app allocations, which impacted residential revenue per customer metrics. The company launched a $20 billion capped exchange offer for discounted debt to reduce total principal and accelerate the deleveraging process. Transition expenses for the Cox deal were higher than expected at $65 million due to closing delays and shifts in the mix of operating versus capital costs. Management noted that while Starlink is being monitored, it has not yet caused meaningful share loss in subsidized rural footprints. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Broadband ARPU is expected to improve sequentially in Q3 as aggressive retention offers from Q1 normalize and cost pass-throughs take effect. Wireless offload currently stands at 87%, slightly down from 88% due to product changes that increased 5G usage to improve customer experience. The full-year EBITDA outlook was updated to a 1% decline due to lower-than-expected broadband subscriber growth and rising fuel and medical costs. Management is implementing benefit plan adjustments and overhead simplification to improve the trajectory in the second half of the year. Charter is open to innovative wholesale opportunities, such as its existing deal with Amazon's fleet, but has no current plans to build a new wireless network. Management emphasized their 'capital-light' approach to mobility through MVNO partnerships with Verizon and T-Mobile.

Interested in Charter Communications, Inc.? Here are five stocks we like better. Charter lost 172,000 internet customers in Q2 as competition from fixed wireless, fiber overlap, and softer low-income demand continued to pressure broadband growth. Management said churn was not the main issue and expects a return to broadband growth over time. Mobile remained a bright spot, with Spectrum Mobile adding 406,000 lines in the quarter and video losses improving sharply to 21,000 from 80,000 a year ago. Charter said mobile and video bundles are helping reduce churn and improve retention. The Cox acquisition is nearing completion, with Charter now expecting the deal to close in mid-to-late August and targeting at least $800 million in annual run-rate synergies, potentially rising to $1 billion. The company also paused buybacks temporarily but expects them to resume in the fourth quarter. Comcast’s NBCUniversal Split Puts Broadband Back in Focus Charter Communications (NASDAQ:CHTR) reported a larger internet customer loss in the second quarter as competitive pressure continued to weigh on new customer additions, while mobile line growth remained strong and video losses improved substantially. The company lost 172,000 internet customers during the quarter, compared with a smaller loss a year earlier. President and CEO Chris Winfrey said weaker gross additions, rather than increased churn, remained the primary reason for the broadband performance. He said expanded fixed-wireless competition, fiber overlap and softer activity among low-income consumers have affected customer acquisition. → Could Truth API Become Trump Media’s First Meaningful Revenue Driver? SpaceX Achieves Escape Velocity With Nasdaq Fast-Track “Internet customer growth is taking longer to reverse,” Winfrey said, adding that Charter expects competitive expansion to eventually subside. The company expects to return to broadband growth over time through its converged internet and mobile offerings, improved network capabilities and better customer satisfaction scores. Charter’s consolidated revenue declined 1.7% year over year in the second quarter. Adjusted EBITDA fell 4.3%, or 3.2% excluding $65 million of transition expenses associated with the pending Cox Communications transaction. → GE Vernova Just Sent a Mixed AI Signal to Investors Disney: How the Fubo Sports Deal Became a Game Changer Chief Financial Officer Jessica Fischer said residential revenue declined 3.5%, though the decline was 1.8% excluding the effect of programmer streaming-app costs allocated to video revenue. Residential revenue per customer relationship also declined 1.8%, but was essentially flat excluding that app-allocation effect. Commercial revenue increased 1.5%, including 2.8% growth in mid-market and large-business revenue. Advertising revenue rose 12.3%, helped by political advertising. Excluding political revenue, advertising revenue declined 4.6%. → D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? Charter generated $1.3 billion in net income attributable to shareholders, essentially unchanged from the prior-year quarter. Lower EBITDA was offset by a gain on debt extinguishment related to open-market debt repurchases. For the full year, Fischer said Charter now expects standalone EBITDA, excluding transition costs, to decline by approximately 1%. The second half is expected to benefit from political advertising, internet cost pass-throughs and efficiency initiatives. Management said it is pursuing additional expense-reduction measures, including benefit-plan changes, overhead simplification and other cost actions. Spectrum Mobile added 406,000 lines in the quarter, bringing Charter’s mobile base to more than 12.5 million lines. Winfrey said the company added 1.7 million lines over the past 12 months, representing 16% growth. Management emphasized mobile’s role in customer retention. Winfrey said internet customers with Spectrum Mobile churn nearly 40% less than customers without mobile service, while customers who also take video churn more than 40% less. Charter’s video customer loss narrowed to 21,000 from 80,000 in the second quarter of 2025. Fischer attributed the improvement to fewer downgrades, lower churn and more upgrades, supported by the company’s programmer-app inclusion packages and pricing changes introduced late in 2024. New connects to its fully featured video package also improved, with some benefit from the World Cup, she said. In subsidized rural markets, Charter added 47,000 net customer relationships during the quarter. Subsidized rural passings increased by 127,000 in the quarter and 487,000 over the past 12 months. Charter said it is making pricing adjustments that include speed upgrades for most affected customers. Fischer said the changes did not affect second-quarter results but should support residential revenue in the second half. Broadband average revenue per user is expected to improve sequentially in the third quarter, aided by the normalization of earlier retention offers and the new cost pass-through. Charter said it now expects its acquisition of Cox Communications to close in mid-to-late August. Winfrey said Charter plans to introduce Spectrum pricing and packaging in Cox markets shortly after closing, aiming to improve internet customer performance and expand penetration of mobile and video services. The company continues to expect at least $800 million in annual run-rate transaction expense synergies and said that estimate could rise to $1 billion after closing. The synergy estimate excludes potential operating and capital-expenditure benefits. Charter is recruiting more than 1,000 residential and business sales employees in Cox territories. It also plans over the next year to onshore and insource Cox call-center activity, moving service coverage in those markets to a 24/7 platform. Winfrey said Charter expects to absorb most or all of the work currently handled by Cox’s offshore contractors through Spectrum’s operating efficiencies and digital capabilities. Management said Cox’s customer and revenue trends have been “a couple clicks lower” than Spectrum’s, but said there has been no major change in the company’s integration strategy. Charter expects the combined company to have approximately 70 million passings, 37 million customers, roughly $67 billion in revenue and about $28 billion in EBITDA. Second-quarter capital expenditures totaled $2.9 billion, nearly flat from a year earlier. Charter maintained its expectation for approximately $11.4 billion in standalone capital expenditures in 2026. Looking beyond 2026, Fischer said annual standalone capital spending is expected to decline to less than $8 billion after network evolution and expansion initiatives are completed. Free cash flow was $1 billion in the second quarter, down about $75 million from a year earlier, reflecting lower EBITDA and less favorable working-capital changes. Charter ended the quarter with $94 billion of debt principal, a weighted average debt maturity of 11.7 years and a weighted average cost of debt of 5.2%. The company repurchased $1.2 billion of its debt in the open market for $1 billion in cash during the quarter, capturing about $250 million of discount. The company also repurchased 4 million shares for $838 million, at an average price of $210 per share. However, it has paused buybacks through the end of the third quarter because of the pending Cox closing, related financing and liability-management efforts. Charter expects repurchases to resume in the fourth quarter. Management lowered its post-transaction leverage target to 3.5 times net debt to adjusted EBITDA and expects to reach that level within three years of the Cox and Liberty Broadband transactions closing. Fischer said Charter expects leverage to be just above 3.9 times at the end of the third quarter, assuming the transactions close and its newly announced debt exchange offer succeeds. Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter's service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs. The company's consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Charter Communications Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Charter Communications CHTR has reported second quarter 2026 diluted earnings of $10.66 per share, which beat the Zacks Consensus Estimate of $9.96 by 7.03%. The reported figure increased 16.1% year over year from $9.18 in the year-ago quarter. Revenues of $13.5 billion declined 1.7% year over year, primarily driven by lower residential video revenues. The reported figure exceeded the Zacks Consensus Estimate of $13.518 billion by a marginal 0.06%. Excluding advertising sales revenue and costs allocated to programmer streaming applications and netted within video revenue, total revenue declined 0.8% year over year.CHTR has shown weak performance, missing the Zacks Consensus Estimate in all the trailing four quarters, with an average negative surprise of 6.95%. Charter Communications, Inc. price-consensus-eps-surprise-chart | Charter Communications, Inc. Quote Residential revenues totaled $10.4 billion, down 3.5% year over year due to a decline in residential customers of 1.8% and a decrease in monthly residential revenue per residential customer of 1.8%. Excluding costs allocated to programmer streaming applications and netted within video revenues, residential revenues declined 1.8% year over year.Internet revenues declined 3.2% year over year to $5.8 billion, driven by a decline in Internet customers year over year and pricing and packaging mix within the customer base, partly offset by more favorable bundled revenue allocation.Mobile service revenues increased 18.9% year over year to $1.1 billion, driven by mobile line growth and rate adjustments.Video revenues totaled $3.1 billion in the second quarter, a decrease of 9.7% year over year, driven by a higher mix of lower priced video packages, $251 million of costs allocated to programmer streaming applications and netted within video revenue versus $67 million in the year ago period, more unfavorable bundled revenue allocation and a decline in video customers, partly offset by promotional rate step ups and video rate adjustments.Voice revenues decreased 4.5% year over year to $331 million, driven by a decline in wireline voice customers, partly offset by voice rate adjustments.Commercial revenues increased 1.5% year over year to $1.9 billion, driven by mid market and large business revenue growth of 2.8% and an increase in small business revenue of 0.7%.Mid market and large business revenues excluding wholesale increased 3.5% year over year, mostly reflecting primary service unit growth.Second-quarter advertising sales revenues of $416 million increased 12.3% year over year, primarily driven by higher political revenues. Excluding political revenues in both periods, advertising sales revenues decreased 4.6% year over year, reflecting lower linear advertising revenues, partly offset by higher streaming advertising revenues.Other revenues totaled $894 million in the second quarter, an increase of 7.1% year over year, primarily driven by higher mobile device sales, partly offset by a $45 million one-time benefit in the year-ago period. Second quarter total customer relationships declined 1.7% year over year to 31.5 million. Total connectivity customers decreased 1.3% year over year to 30.4 million.Total Internet customers decreased by 172,000 in the second quarter of 2026, compared with a decline of 116,000 in the year-ago period. As of June 30, 2026, Charter served 29.4 million total Internet customers, down 1.7% year over year.The company added 406,000 total mobile lines in the second quarter compared with 491,000 in the year-ago quarter. As of June 30, 2026, it served 12.5 million mobile lines, up 15.5% year over year.Total video customers decreased 21,000 in the second quarter of 2026 compared with a decline of 80,000 in the year-ago quarter. As of June 30, 2026, Charter served 12.5 million total video customers, down 0.8% year over year. The year-over-year improvement in video net losses was driven by simplified pricing and packaging and benefits from the inclusion of programmer streaming applications in Spectrum's expanded basic video packages.Total wireline voice customers declined by 178,000 in the second quarter of 2026 compared with a decline of 220,000 in the year-ago quarter. As of June 30, 2026, Charter served 5.7 million total wireline voice customers.Charter activated 127,000 subsidized rural passings in the second quarter of 2026. Within the subsidized rural footprint, total customer relationships increased by 47,000. Total operating costs and expenses were flat year over year at $8.1 billion, driven by lower programming costs offset by higher other costs of revenue and higher transition expenses.Second quarter programming costs decreased 9.7% year over year, reflecting $251 million of costs allocated to programmer streaming applications and netted within video revenues versus $67 million in the year ago period, a higher mix of lower cost packages and fewer video customers, partly offset by contractual programming rate increases and renewals.Other costs of revenues increased 11.3% year over year, primarily driven by higher mobile device sales, higher mobile service direct costs and higher advertising sales costs, given higher political revenues.Field and technology operations expenses increased 1.6% year over year, primarily driven by higher vehicle fuel costs and medical expenses.Customer operations expenses increased 1.1% year over year, driven by medical expenses.Marketing and residential sales expenses decreased 3.1% year over year, due to lower marketing expenses from cost savings despite higher marketing activity.Transition expenses of $65 million represent incremental costs incurred to prepare for the integration of the previously announced Cox Communications transaction. There were no comparable transition expenses in the year ago quarter.Capital expenditures totaled $2.9 billion in the second quarter, down 0.1% year over year, with lower line extension spend offset by higher upgrade and rebuild spend related primarily to network evolution. Charter continues to expect full year 2026 capital expenditures, excluding impacts from the previously announced Cox transaction, to total approximately $11.4 billion. As of June 30, 2026, the total principal amount of debt was $93.8 billion, and Charter's credit facilities provided approximately $3.7 billion in additional liquidity in excess of Charter's $509 million cash position.During the second quarter of 2026, Charter repurchased $1.2 billion in aggregate principal amount of Charter Communications Operating, LLC and CCO Holdings, LLC notes under an open market repurchase program for $1 billion in cash.Free cash flow in the second quarter of 2026 totaled $969 million, a decrease from $1.4 billion in the first quarter of 2026. In the second quarter of 2026, Charter purchased 4 million shares of Charter Class A common stock for $838 million compared with 4.3 million shares for $963 million in the first quarter of 2026. CHTR currently carries a Zacks Rank #4 (Sell).Some better-ranked stocks in the broader Zacks Consumer Discretionary sector are Cimpress CMPR, The Marcus MCS and News Corporation NWSA, each currently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Shares of Cimpress have returned 46.2% in the year-to-date period. Cimpress is slated to report fourth-quarter of fiscal 2026 results on July 29.Shares of The Marcus have returned 53.4% in the year-to-date period. The Marcus is slated to report second-quarter 2026 results on July 30.Shares of News Corporation have returned 0.8% in the year-to-date period. News Corporation is slated to report fourth-quarter of fiscal 2026 results on Aug. 05. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Charter Communications, Inc. (CHTR) : Free Stock Analysis Report News Corporation (NWSA) : Free Stock Analysis Report Marcus Corporation (The) (MCS) : Free Stock Analysis Report Cimpress plc (CMPR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research