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Charter Communications (CHTR) Climbs 7.6% as Subscription Decline ‘Lower-Than-Expected’
Yahoo Finance· 2026-01-31 04:06
Core Insights - Charter Communications Inc. experienced a notable performance with a 7.62% gain, closing at $206.12, attributed to a lower-than-expected decline in Internet subscriptions in Q4 [1] Group 1: Internet Subscriptions - Charter Communications reported a total of 119,000 customers canceled their Internet subscriptions in Q4, significantly lower than the expected 131,970 cancellations by analysts [2] Group 2: Video Customers - The company saw an increase of 44,000 total video customers, contrasting with a decline of 123,000 in the same quarter of 2024, driven by new pricing and packaging strategies launched in September 2024 [3] Group 3: Financial Performance - Net income attributable to shareholders decreased by 9.1% to $1.332 billion from $1.466 billion, primarily due to lower Adjusted EBITDA, merger and acquisition costs related to the Cox transaction, and increased income tax expenses [4] - Total revenues fell by 2.3% to $13.6 billion from $13.93 billion, influenced by lower revenues from residential video and political advertising, partially offset by revenue increases in residential mobile services, mobile equipment, and residential Internet, along with a $37 million customer credit related to hurricanes Helene and Milton [5]