Charter Communications Reported Q2 Residential and Small and Medium Business ("SMB") Internet Customers Decrease of 149K, Residential and SMB Mobile Lines Increase of 557K
Portfolio Pulse from Benzinga Newsdesk
Charter Communications reported a decrease of 149,000 residential and SMB Internet customers in Q2, while residential and SMB mobile lines increased by 557,000. As of June 30, 2024, Charter served 30.4 million Internet customers and 8.8 million mobile lines.
July 26, 2024 | 11:09 am
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Charter Communications reported a mixed Q2 with a decrease in Internet customers by 149,000 but an increase in mobile lines by 557,000. This indicates a shift in customer preference towards mobile services.
The decrease in Internet customers could be seen as a negative, but the significant increase in mobile lines suggests a shift in customer preference. This mixed result may lead to a neutral short-term impact on the stock price as investors weigh the pros and cons.
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IMPORTANCE 80
RELEVANCE 100