Charter Communications Says Short-Term Challenges In Internet Customer Growth: Fisher Acknowledges The Possibility Of Facing Negative Internet Net Additions In Q4, Citing Short-Term Challenges Like The Carryover Churn Related To Disney And Rate Impacts; This Indicates A Potential Decline In Customer Growth For That Period
Portfolio Pulse from Benzinga Newsdesk
During a conference call, Charter Communications acknowledged potential challenges in internet customer growth, including the possibility of negative net additions in Q4. The company cited short-term issues such as carryover churn related to Disney and rate impacts.
December 05, 2023 | 5:22 pm
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NEGATIVE IMPACT
Charter Communications may experience a decline in internet customer growth in Q4, potentially leading to negative net additions due to churn related to Disney and rate impacts.
The company's acknowledgment of potential negative net additions in internet customers is a direct indicator of short-term operational challenges. This could lead to investor concern over growth prospects and revenue, likely putting downward pressure on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100