Charter Communications, Inc. Q2 2026 Earnings Recap

Charter's shares declined 2.5% following earnings, reflecting continued headwinds from decelerating broadband customer additions and margin pressure, despite ongoing mobile growth and cost management efforts.

Key Takeaways

• Added 400,000 Spectrum Mobile lines in Q2, totaling 1.7 million lines over 12 months, driving 16% growth in mobile.
• Internet customer loss worsened to 172,000, higher than last year and continuing the trend from Q1, weighing on revenue, which fell 1.7% year-over-year.
• EBITDA declined 3.2% excluding Cox transition costs, pressured by softer Internet additions and competition.
• Management emphasized stable churn supported by bundling mobile and video, with mobile penetration at 20% of Internet customers and scope to grow.
• Outlook calls for capital expenditure reduction and expected EBITDA benefit in H2 from Internet price increases, political advertising, AI-driven cost savings, and cost controls.