As of March 31, 2024, Charter Communications Served 30.5M Residential and SMB Internet Customers, 8.3M Mobile Lines
Portfolio Pulse from Benzinga Newsdesk
Charter Communications reported a decrease of 72,000 in total residential and SMB Internet customers, totaling 30.5 million as of March 31, 2024. Conversely, their mobile lines saw an increase of 486,000, reaching 8.3 million. Overall, Charter had 32.0 million residential and SMB customer relationships, excluding mobile-only relationships.
April 26, 2024 | 11:08 am
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Charter Communications experienced a mixed Q1 2024 with a decrease in Internet customers but a significant increase in mobile lines.
The decrease in Internet customers could signal competitive pressures or market saturation, potentially negative for stock sentiment. However, the substantial growth in mobile lines indicates successful expansion in this segment, which could offset concerns about the Internet customer base. The net effect on the stock is likely neutral in the short term, as investors weigh these opposing trends.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90