Charter is cutting $2 billion in costs after losing another 233,000 Internet customers. Wall Street punished Charter even as it promised billions in savings. The market wants proof that broadband customers are coming back, and the gap between the plan and the quarterly results explains why investors refused to wait. This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Charter Communications (NASDAQ:CHTR | CHTR Price Prediction) fell 6.21% to close at $118.05 on November 6, 2026. The drop came after Charter reported third-quarter results and launched a leaner operating model, even as its core product continues to lose customers. Charter Communications said it is seeking $2 billion in annualized run-rate operating expense savings over the next 18 months. Charter Communications also expects more than $1 billion in additional synergies from the Cox deal. Those cost savings are real, but pro forma Internet customer losses, which count Cox for the full quarter, reached 233,000, and broadband is Charter's core business. Management tied the cuts to a return to Internet growth. Investors sold anyway, which means they want to see customers return before giving credit for savings that don't exist yet. Key data−. Previous Close Market Cap Day's Range 52wk Range Dividend Yield What Charter Communications' $2 billion plan commits to. A run-rate target is the annual savings pace Charter hopes to reach by the end of the period, so none of it has been realized yet. The savings are supposed to come from dropping projects that don't help Internet growth, removing management layers, and using fewer vendors. President and CEO Chris Winfrey said Charter is "fundamentally rethinking how we operate and compete" and that the cuts "are not targeted at frontline service and sales employees." Charter gave no headcount figure and no timeline for returning to broadband growth. Spectrum pricing reached Cox markets on September 16, 2026, and legacy Cox customer service will move fully back to the U.S. over 18 months. That means the cost cuts and a service overhaul will happen at the same time. Broadband losses remain the core problem. Legacy Charter lost 156,000 Internet customers, up from 109,000 a year earlier, and legacy Cox lost 77,000. The pro forma loss compares with 171,000 in the second quarter of 2025. It improved from 275,000 in the second quarter and leaves Charter with 34.3 million Internet customers. Mobile added 508,000 pro forma lines, and video losses narrowed to 77,000 from 121,000, but broadband is still the core business. Charter blamed fixed wireless, fiber overlap, customers switching to mobile-only service, and aggressive competitor promotions. Reported growth hides a pro forma decline. Pro forma figures treat Cox as if Charter owned it in both periods. On that basis, revenue fell 1.5% to $16.5 billion, and adjusted EBITDA, a measure of cash profit, fell 4.0% to $6.6 billion. Now available: The Definitive Guide to Retirement Income. Many successful investors eventually reach the same moment. The saving is done, the portfolio is built, and the question quietly changes from how much can I grow this to how much can I take out? Get that second question wrong and decades of good investing can come apart in a handful of years. That is exactly what The Definitive Guide to Retirement Income helps answer. It covers what your retirement could actually cost, which income sources are worth using, and the withdrawal math that decides whether the money lasts. It is free today from Fisher Investments. Read More Here" Reported revenue rose 9.1% to $14.9 billion, and adjusted EBITDA rose 6.9% to $5.9 billion, because Cox joined partway through the quarter. The $2.4 billion net loss, or $20.50 per share, came mainly from a $6.3 billion franchise impairment. That charge is a noncash accounting write-down. Free cash flow fell $947 million to $674 million, even though pro forma capital spending dropped to $3.2 billion from $3.6 billion. Buybacks shrank to 139,807 shares for $19 million. How CHTR stock reacted to the report. Shares swung between $110.58 and $123.66 during the session. The drop followed 5.68% gains on November 4 and 4.67% on November 5. This marked the second-largest one-day fall since late August, behind an 8.13% drop on September 9. The stock now sits about 53.5% below its 52-week high of $254.11. On November 5, Morgan Stanley (NYSE:MS) cut its price target to $135 from $140, which is still above the close. What Charter's results mean for CHTR investors. Optimists point to clear savings ahead, plus 2027 capital spending that Charter expects to come in at or below $11 billion. The case against it carries more weight. Debt principal stands at $108.6 billion, free cash flow is falling, and cutting costs while losing broadband customers could weaken service. Our outlook on CHTR is negative. The savings are still a plan, while the customer losses are already showing up in the results. T-Mobile (NASDAQ:TMUS) is worth exploring as a comparison because it sells fixed wireless broadband, one of the challenges Charter named. Review this call if the fourth-quarter earnings report shows pro forma Internet losses shrinking compared with a year earlier. A close below the $101.11 52-week low would signal the recovery is failing. Released: The Definitive Guide to Retirement Income. (Sponsor) Most people spend their entire working lives focusing on one thing: growing a pile of money. Then they retire and discover the skill they actually need is close to the opposite. Turning that pile into steady income, year after year, through good markets and bad, without ever running out. 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Charter Communications (NASDAQ:CHTR) releases earnings results, misses estimates by $29.40 EPS. Posted by Andrew Walz on Nov 6th, 2026 Charter Communications (NASDAQ:CHTR - Get Free Report) issued its earnings results on Friday. The company reported ($20.50) EPS for the quarter, missing the consensus estimate of $8.90 by ($29.40), FiscalAI reports. The business had revenue of $14.92 billion for the quarter, compared to the consensus estimate of $13.50 billion. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. The business's revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.34 EPS. Here are the key takeaways from Charter Communications' conference call: * Charter announced an end-to-end operating overhaul focused on winning more internet customers, improving service and reducing churn, while simplifying its offers and organization. Management says it aims to grow customer connections while maintaining ARPU, but gave no timeline for returning to growth. * Core results remained pressured: Legacy Charter lost 156,000 internet customers, compared with 109,000 a year earlier, while pro forma revenue fell 1.5% and adjusted EBITDA declined 4% (3% excluding Cox transition costs). The company attributed subscriber weakness to intense competition and lower connects. * Since Spectrum Day launched in Cox's markets on September 16, management says Cox's internet loss run rate has been cut in half, with mobile-line additions also improving. Cox remains under-penetrated, though its internet churn is still higher than Charter's. * Charter is targeting an additional $2 billion in annualized operating expense savings over 18 months, on top of more than $1 billion in expected Cox transaction synergies. Management also expects 2027 capital expenditures of $11 billion or less, supporting its outlook for higher free cash flow over time. * Debt principal was $109 billion and leverage stood at 3.93x at quarter-end; Charter targets 3.5x within three years and expects most fourth-quarter free cash flow to go toward debt reduction. Management also plans some share repurchases, aiming to balance debt paydown with equity returns. Charter Communications stock down 6.2%. Shares of CHTR stock traded down $7.79 on Friday, reaching $118.07. 6,463,288 shares of the company were exchanged, compared to its average volume of 2,811,300. The company has a market cap of $14.08 billion, a price-to-earnings ratio of 3.07, a PEG ratio of 0.25 and a beta of 0.73. The company has a 50-day moving average of $121.54 and a 200-day moving average of $163.66. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.36 and a quick ratio of 0.36. Charter Communications has a one year low of $101.11 and a one year high of $254.11. Wall street analysts forecast growth. Discover more Track Stock Market Invest in ETFs Several research analysts have recently weighed in on CHTR shares. JPMorgan Chase & Co. reduced their price objective on Charter Communications from $200.00 to $150.00 and set a "neutral" rating for the company in a research report on Wednesday, July 29th. Morgan Stanley decreased their price objective on shares of Charter Communications from $150.00 to $140.00 and set an "equal weight" rating on the stock in a research note on Friday, September 25th. Wells Fargo & Company dropped their target price on shares of Charter Communications from $160.00 to $101.00 and set an "underweight" rating for the company in a report on Monday, July 27th. Wolfe Research lowered shares of Charter Communications from a "peer perform" rating to an "underperform" rating and set a $118.00 target price on the stock. in a report on Monday, September 14th. Finally, BNP Paribas Exane cut their price objective on Charter Communications from $150.00 to $120.00 and set an "underperform" rating on the stock in a research note on Tuesday, July 14th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $200.18. More Charter Communications news. Here are the key news stories impacting Charter Communications this week: * Charter reported Q3 revenue of $14.92 billion, above estimates, and adjusted EPS of $21.70, also ahead of consensus. Revenue growth was aided by the Cox acquisition. * The company launched a new operating model aimed at returning to growth, improving its internet offerings, and using mobile and video services to attract customers. Management's plan includes about $2 billion in cost cuts, which could help profitability if executed. * Broadband customer losses worsened in Q3, overshadowing the earnings and revenue beats. Investors are concerned that competition is making it harder for Charter to stabilize its core internet business. * A $6.33 billion franchise impairment drove a reported GAAP loss of $20.50 per share, creating a sharp contrast with the adjusted earnings beat. The impairment and declining cash flow added to concerns about the quarter's underlying performance. About Charter Communications. Charter Communications, Inc is a telecommunications and broadband services company that operates under the Spectrum brand. The company provides internet access, video entertainment, mobile communications and voice services to residential customers, as well as connectivity, data networking, cloud, security and other communications solutions to businesses and government organizations. Charter operates one of the largest broadband networks in the United States, serving customers across dozens of states. Receive News & Ratings for Charter Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications and related companies with MarketBeat.com's FREE daily email newsletter.

Charter loses 233,000 quarterly internet subs, 'rethinking' business operations. November 6, 2026 Charter Communications' stock price is down following a third-quarter (ended Sept. 30) earnings miss, fueled by accelerating broadband subscriber losses and a massive $6.3 billion write-down - the latter triggered by a sustained decline in the stock price alongside intensifying competitive pressures in its core broadband business. The company, which recently acquired Cox Communications, reported a $2.4 billion net loss marking a sharp reversal from a $1 billion profit in the previous-year period. The downturn translates to a diluted loss of $20.50 per share, widely missing Wall Street projections. On a pro forma basis - adjusting the books as if the Cox merger had closed earlier - the net loss was $2.1 billion. As the nation's largest internet service provider, Charter saw a decline of 156,000 internet customers and 77,000 subs at Cox. As of Sept. 30, Charter served 34.3 million internet customers nationwide. Video subscriber losses narrowed to 77,000 from a decline of 121,000 in the prior-year period, and are down 256,000 over the past 12 months. Charter ended the quarter with 13.8 million video customers from more than 14 million subs a year ago. CEO Chris Winfrey said that despite the broadband sub loss, Charter remains "America's Internet Company" as it looks to generate $2 billion in annualized cost savings, in addition to $1 billion in planned Cox synergies. "With the combination of Charter and Cox, we have the scale and network capabilities to connect more Americans than ever before," said Winfrey, adding the company will return to internet growth. The executive said that restructuring would focus on eliminating nonessential activities, simplifying organizational structures and driving greater efficiencies through vendor partnerships, among other initiatives. "We are fundamentally rethinking how we operate and compete, with a renewed focus on delivering the best products and services," Winfrey said. "We have the assets and competitive advantages to succeed and are moving with urgency to deliver more value for our customers and stronger results for our investors."