Charter sheds more broadband customers than expected as competition heats up

Core Insights - Charter Communications reported a larger-than-expected decline in broadband subscribers for the third quarter, indicating challenges in maintaining its customer base amid intense competition in the U.S. broadband and cable TV market [1] Company Performance - The company experienced a significant drop in broadband subscribers, which was more pronounced than analysts had anticipated [1] - This decline reflects the ongoing competitive pressures faced by Charter Communications in the broadband sector [1] Industry Context - The U.S. broadband and cable TV market is characterized by fierce competition, which is impacting subscriber growth for major providers like Charter Communications [1] - The overall industry dynamics suggest that companies may need to adapt their strategies to retain and attract customers in a saturated market [1]