Charter expects 2026 capital expenditures, excluding Cox transaction impacts, of about $11.4 bln
Company expects to complete network evolution initiative in 2027
Overview
US cable and broadband provider's Q2 revenue fell 1.7%, slightly missing analyst expectations
Adjusted EBITDA declined 4.3% year-over-year as revenue fell and costs remained flat
Company repurchased 4.0 mln shares for $838 mln during the quarter
Result drivers
Video revenue decline - Lower residential video revenue driven by a higher mix of lower-priced packages, increased costs allocated to programmer streaming applications, and a decline in video customers
Internet revenue drop - Internet revenue declined due to a decrease in Internet customers and changes in pricing and packaging mix
Mobile growth - Mobile service revenue rose 18.9% year-over-year, driven by growth in mobile lines and rate adjustments
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 13 "hold" and 6 "sell" or "strong sell"
The average consensus recommendation for the integrated telecommunications services peer group is "buy."
Wall Street's median 12-month price target for Charter Communications Inc is $195.00, about 54.2% above its July 23 closing price of $126.50
The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 5 three months ago
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