As of June 30, 2024, Charter Communications Served 30.4M Residential and SMB Internet Customers, 8.8M Mobile Lines
Portfolio Pulse from Benzinga Newsdesk
Charter Communications reported a decrease of 149,000 residential and SMB Internet customers in Q2 2024, totaling 30.4 million. However, mobile lines increased by 557,000, reaching 8.8 million. Overall, Charter had 31.8 million residential and SMB customer relationships as of June 30, 2024.
July 26, 2024 | 11:11 am
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Charter Communications experienced a mixed Q2 2024 with a decline in Internet customers but a significant increase in mobile lines. This could indicate a shift in customer preference and impact revenue streams.
The decrease in Internet customers may negatively impact revenue, but the increase in mobile lines could offset this. The overall impact on stock price is likely neutral in the short term as the gains in mobile lines balance the losses in Internet customers.
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