CHTR - Charter Communications Loses Residential Internet Customers In Q1 Reports Sharp Drop In Video Subscriptions | Benzinga
Charter Communications Inc (NASDAQ:CHTR) reported fiscal first-quarter 2024 revenue growth of 0.2% year-on-year to $13.68 billion, missing the consensus of $13.74 billion.
EPS of $7.55 missed the consensus of $7.92. The stock price dropped after the results.
Revenue growth of 1.9% in Internet, 37.8% in Mobile service, and 1.3% in Commercial aided the top line.
Charter lost 72,000 residential Internet customers, compared to 67,000 additions last year. Residential video customers decreased by 392,000 versus a decrease ...