Charter Communications Reports Q3 2026 Results Following Cox Acquisition
Charter Communications (CHTR) reported third-quarter 2026 results characterized by significant structural changes following the August acquisition of Cox. Actual revenue rose 9.1% to $14.9 billion, though pro forma revenue saw a 1.5% decline due to lower residential revenue and programming cost headwinds. The company recorded a net loss of $2.4 billion, largely driven by a $6.3 billion non-cash franchise impairment charge related to the merger. Despite subscriber losses in the internet segment due to fixed wireless and fiber competition, Charter saw strong growth in its mobile division, with total lines reaching 13.5 million. Management is focusing on cost discipline, targeting $2 billion in operating expense savings and $1 billion in Cox transaction synergies. While free cash flow decreased to $674 million due to transaction costs, the company remains focused on debt reduction toward a long-term target of 3.5x net debt-to-EBITDA.
Tickers: $CHTR
Topics: EBITDA impairment charge mergers and acquisitions revenue growth subscriber loss