StocksMedium•7 November 2026•
1 min read
Charter Communications Unveils $2B Cost-Cutting Plan Following Subscriber Losses
Key Facts
1Charter Communications announced a plan to achieve $2 billion in annualized operating expense savings over the next 18 months.
2The company reported a loss of 233,000 internet customers during the third quarter.
3Pro forma revenue fell 1.5% to $16.5 billion, while adjusted EBITDA decreased 4.0% to $6.6 billion.
Charter Communications announced a plan to achieve $2 billion in annualized operating expense savings over the next 18 months. According to 24/7 Wall St., the company reported a loss of 233,000 internet customers during the third quarter, prompting aggressive expense management. Pro forma revenue fell 1.5% to $16.5 billion, while adjusted EBITDA decreased 4.0% to $6.6 billion.
CHTR closed at $118.07 on November 6, 2026, with the stock trading between a day low of $110.58 and a high of $123.66 during the session. The cost-cutting initiative follows structural pressure from declining internet and video subscribers, which has impacted the company's core financial metrics.