CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
Charter reported Q1 2026 revenue of $13.6B (-1.0% Y/Y) with Internet customer losses accelerating to 120k versus 59k in the prior year, reflecting continued core business deterioration. Adjusted EBITDA declined 2.2% to $5.6B while mobile growth decelerated with 368k net additions compared to 507k previously, though mobile revenue rose 15.1% to $1.1B. We believe intensified competitive pressure from fiber overbuilders and fixed wireless access providers continues challenging Charter's Internet business serving 29.6M customers. Management noted churn improvements Y/Y after ACP impacts and emphasized Internet churn remains at low levels. Capex increased 19.0% to $2.9B for network evolution investments, though management expects capex to decline below $8B annually after major initiatives conclude, potentially materially boosting free cash flow. We expect continued monitoring of Internet customer trends and Cox acquisition regulatory updates.