Charter Reports 177,000 Broadband Sub Loss in Q4
The number missed expectations but was better than what Comcast reported Thursday.
WASHINGTON, Jan. 31, 2025 – Charter Communications lost 177,000 broadband subscribers in the fourth quarter of 2024, worse than Wall Street had expected but closer to expectations than the results reported by fellow cable Internet access giant Comcast on Thursday.
“The miss relative to consensus was much less than it was for Comcast yesterday, and so even if the result is disappointing for some, it will be a relief after yesterday,” New Street Research analyst Jonathan Chaplin wrote in an investor note.
Wall Street had predicted 155,000 lost connections. Comcast, by comparison, reported Thursday 139,000 lost subscribers, compared to about the 100,000 that it forecast to investors the month prior. Charter is the second-largest broadband ISP in the country with about 30.1 million subscribers.
