Charter Announces Second Quarter 2026 Results

STAMFORD, Conn., July 24, 2026 /PRNewswire/ -- Charter Communications, Inc. (along with its subsidiaries, the "Company" or "Charter"), which operates the Spectrum brand, today reported financial and operating results for the three and six months ended June 30, 2026.

* Second quarter Spectrum Mobile(TM) lines increased by 406,000 and by 1.7 million over the last twelve months. As of June 30, 2026, Charter served 12.5 million mobile lines. * During the second quarter, Spectrum Internet(®) customers declined by 172,000. As of June 30, 2026, Charter served 29.4 million Internet customers. * Video customers decreased by 21,000 in the second quarter and declined by 107,000, or 0.8%, over the last twelve months. As of June 30, 2026, Charter served 12.5 million video customers. * As of June 30, 2026, customer relationships totaled 31.5 million and connectivity customers totaled 30.4 million. * Second quarter revenue of $13.5 billion declined 1.7% year-over-year, primarily driven by lower residential video revenue. * Net income attributable to Charter shareholders totaled $1.3 billion in the second quarter. * Second quarter Adjusted EBITDA(1) of $5.4 billion declined 4.3% year-over-year and by 3.2% excluding transition expenses. * Second quarter capital expenditures totaled $2.9 billion. * Second quarter net cash flows from operating activities of $3.9 billion vs. $3.6 billion in the prior year. * Second quarter free cash flow(1) of $969 million declined $77 million versus the prior year, primarily due to an unfavorable change in accrued expenses related to capital expenditures, partly offset by higher operating cash flow. * During the second quarter, Charter purchased 4.0 million shares of Charter Class A common stock for $838 million and $1.2 billion in aggregate principal amount of Charter Communications Operating, LLC and CCO Holdings, LLC notes under an open market repurchase program for $1.0 billion in cash. "We operate in a competitive environment across all of our products, and our strategy for growing connectivity services is simple -- deliver the best products, at the best overall value, with the best service," said Chris Winfrey, President and CEO of Charter. "We look forward to delivering the benefits of that strategy to Cox's customers and communities after the transaction closes. As the nation's leading provider of converged connectivity services, Spectrum will have additional scale to develop new products with industry and technology partners. And by saving customers money with Spectrum products, serviced by 100% US-based employees -- we will drive customer and shareholder value for years to come." 1. Adjusted EBITDA and free cash flow are non-GAAP measures defined in the "Use of Adjusted EBITDA and Free Cash Flow Information" section and are reconciled to net income attributable to Charter shareholders and net cash flows from operating activities, respectively, in the addendum of this news release.