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Charter sees internet, wireless subscriber counts grow, while video losses continue

Clyde Edgerton by Clyde Edgerton
April 28, 2023
in Markets
Charter sees internet, wireless subscriber counts grow, while video losses continue
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Charter Communications Inc. CHTR netted an increase of 76,000 internet customers in its first quarter, while also picking up new wireless subscribers but continuing to shed video customers. The company generated first-quarter net income of $1.02 billion, or $6.65 a share, down from $1.20 billion, or $6.90 a share, a year before. Analysts tracked by FactSet were expecting $7.46 a share in earnings. Charter also reported quarterly adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) of $5.35 billion, up from $5.21 billion, while analysts were modeling $5.37 billion. Revenue rose to $13.65 billion…

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