On July 24, Charter fell 10.42% in regular trading, trading at $121.845/share with turnover of $194 million. The decline was triggered by Q2 earnings revealing broadband subscriber losses exceeding market expectations, compounded by a downbeat full-year EBITDA outlook.

Charter reported Q2 EPS of $10.66, beating the consensus estimate of $10.14 by 5.13% and rising 16.12% year-over-year. However, revenue declined 1.7% to $13.53 billion, only marginally above the $13.51 billion estimate. The critical concern was broadband subscriber attrition surpassing expectations amid intensifying competition from fiber and satellite providers. Management disclosed during the earnings call that full-year standalone EBITDA excluding transition costs is expected to decline approximately 1% year-over-year, deepening pessimism around the profitability outlook. The company also announced exchange offers for 12 series of notes involving up to $3.5 billion in new secured notes, raising investor concerns about its debt management strategy.

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