Charter exceeded Wall Street estimates in the second quarter, reporting earnings of $5.29 a share and revenue of $12.8 billion.Analysts’ consensus expectation was for earnings of $4.79 and revenue of $12.6 billion.Broadband gains were more modest than the boom times of 2020, when high-speed connections became crucial during the onset of the coronavirus pandemic.
Still, residential internet customer levels increased by 365,000 in the quarter. The company, which is the No. 2 U.S. cable operator, shed 63,000 video households.During a conference call with analysts, executives described an evolving pay-TV environment.
Operators who traditionally had focused on carrying networks and often fought with programmers over fee increases have instead
Read more on deadline.com