How Internet Subscriber Losses at Charter (CHTR) Are Recasting Its Connectivity Investment Narrative

• Charter Communications reported its third-quarter 2025 results on October 31, revealing a slight year-over-year decline in quarterly revenue to US$13.67 billion and a drop in net income to US$1.14 billion, with both earnings and internet customer counts coming in below expectations.
• An important insight is that while the company saw continued growth in its mobile segment, this was not enough to offset losses in its core internet business, which remains a key concern for future performance.
• We'll explore how Charter's recent internet customer decline may challenge the prior investment narrative focused on connectivity and subscriber growth.

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Charter Communications Investment Narrative Recap

For investors to remain confident in Charter Communications, a belief in the company's ability to reignite subscriber growth and leverage its expanding mobile business is essential. The latest earnings report revealed a decline in internet customers and missed expectations on both revenue and net income, which may pressure near-term performance and puts the core narrative of subscriber-driven growth under scrutiny. The most immediate risk centers on continued internet subscriber losses, a trend that could weigh on revenue if not reversed, but these results did not materially shift the most relevant catalyst, which is still the company's progress in growing its mobile business.

Among Charter’s recent announcements, its share buyback program stands out, with the company repurchasing over 7 million shares for about US$2.1 billion during the quarter. This buyback shows ongoing capital management amid operational headwinds, but does not directly address the root causes of the internet subscriber decline, which continues to be the key challenge for short-term momentum.

However, investors should be mindful that despite ongoing buybacks and mobile growth, pressure from fiber and mobile competitors...

Read the full narrative on Charter Communications (it's free!)

Charter Communications is projected to reach $56.8 billion in revenue and $6.0 billion in earnings by 2028. This outlook is based on a 0.9% annual decline in revenue and a $0.7 billion increase in earnings from the current $5.3 billion level.

Uncover how Charter Communications' forecasts yield a $373.60 fair value, a 60% upside to its current price.

Exploring Other Perspectives

Four members of the Simply Wall St Community see Charter’s fair value ranging from US$340.74 to US$703.56 per share. Yet, with continued internet subscriber losses threatening revenue growth, these differing valuations invite you to explore how shifting risks may impact Charter’s performance.

Explore 4 other fair value estimates on Charter Communications - why the stock might be worth over 3x more than the current price!

Build Your Own Charter Communications Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Charter Communications research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Charter Communications research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Charter Communications' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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