Earnings Releases·Nov 6, 2026, 7:00 AM ET

Charter Communications — Third Quarter 2026 Earnings Summary

Pro forma revenue declined 1.5% year-over-year to $16.5 billion, while actual revenue rose 9.1% to $14.9 billion due to the Cox Transactions; however, both pro forma and actual net income turned to losses of $2.1 billion and $2.4 billion respectively, driven by a $6.3 billion franchise impairment charge.
Pro forma Adjusted EBITDA fell 4.0% year-over-year to $6.6 billion, and actual free cash flow dropped $947 million to $674 million, while total debt stood at $108.6 billion as of September 30, 2026.
Management targets $2 billion in annualized operating expense savings over the next 18 months and expects pro forma full-year 2026 capital expenditures to total approximately $13.0 billion, excluding transition costs.
The company aims to return to Internet customer growth and transform into a simpler organization, having launched Spectrum products across the legacy Cox footprint covering 11 million homes and businesses.
Strategic capital activities included issuing $4.75 billion in new senior secured notes, exchanging $5.5 billion in secured notes for $1.5 billion in net deleveraging, and repaying $1.0 billion of legacy Cox notes.