Charter Earnings: Market Relief May Be Premature, There Were Some Red Flags

2024-11-02

Charter's earnings report showed much lower ACP broadband losses than expected, hence the 12% market rally.
ACP losses may not end in Q4 as management projects.
Spectrum Mobile showed continued strength and may become even more profitable than expected.
Charter's new Video strategy has potential, but today management disclosed yet another unforced error in the transition.
Without meaningful reductions in Video content spending, which are not on current track, Charter's Video reboot may die stillborn.

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Charter (NASDAQ:CHTR) reported its Q3 earnings today before market open, and the market has reacted very positively, bidding the stock up 12% at market close.

Ordinarily, when it comes to large companies like Charter, I prefer to write deep dives on one

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