- Charter Communications reported a net loss of 172,000 broadband subscribers in the second quarter, significantly worse than the 116,000 lost in the prior-year period.
- The company's average revenue per broadband user fell by 1.5% to $70, representing a more severe erosion than analysts had anticipated.
- The competitive landscape for broadband is tightening as wireless providers expand their home-internet footprint through fiber and fixed-wireless-access networks.
- Despite broadband struggles, Charter saw growth in other areas, adding 406,000 mobile lines and improving its video performance.
Quotes
“While Charter is continuing to push converged service penetration and has improved video performance, broadband performance has not followed and continues to experience headwinds”