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CHTR · Analysis updated Nov 6, 2026, 9:48 AM ET
Why is Charter Communications (CHTR) stock moving?
Charter has rebounded sharply into and through its Q3 report. The stock rose from a $101.11 low on Oct 26 to a $125.86 close on Nov 5, about 23%. Volume was elevated at 3.3M on Nov 4 and 4.5M on Nov 5, with a wide intraday range on Nov 5. Q3 results on Nov 6 were mixed. Pro forma revenue fell 1.5% to $16.5B and pro forma Adjusted EBITDA fell 4.0% to $6.6B. Actual results include Cox and show a $2.4B net loss. Free cash flow dropped to $674M. Positives include narrower video losses, programming cost declines of 10.3%, 508,000 pro forma mobile line adds, lower capex, and a new operating model aimed at returning Charter to growth. Internet and customer relationship losses, about $109B of debt and a falling top line remain the main concerns. The stock trades at a very low earnings multiple, which fits a heavily discounted, high-leverage turnaround story. After a rally of this size, the market reaction to the new operating model will decide near-term direction. The analyst stance remains cautious, with several recent target cuts.
News behind the analysis
- Charter Announces Third Quarter 2026 Results and Launches New Operating ModelPro forma Q3 revenue of $16.5B fell 1.5% and pro forma Adjusted EBITDA of $6.6B fell 4.0%. Actual revenue rose 9.1% on the Cox transactions, and Charter added 508,000 pro forma mobile lines.
- Charter Announces Third Quarter 2026 Results and Launches New Operating Model (Investor Relations)Company release with customer relationship and revenue-per-customer detail. Pro forma video revenue fell 9.8% and Q3 customer relationships had net losses of 238,000.
- Charter Communications: 3Q26 Results Press ReleasePro forma video losses narrowed to 77,000 from 121,000 a year earlier. Pro forma programming costs fell 10.3%.
- Charter Communications Q3 2026 Earnings Call TranscriptManagement cited a 3% EBITDA decline excluding transition expenses and about 15% mobile line growth at legacy Charter. Debt principal stood at $109B.
- Charter 8-K: Q3 2026 earnings releaseActual net loss attributable to shareholders was $2.4B, or $20.50 per share. Free cash flow was $674M, down $947M year over year.
- Charter Q3 2026 results (Stockhouse)Pro forma free cash flow fell 58.4% to $674M, and capex fell 11.2% to $3.2B. Advertising sales rose 21% on political spending.
- CHTR stock quote, price and analyst updatesBernstein cut its target to $120 from $150 and kept a Hold on Oct 13. Charter also announced a leadership change and advisory transition in October.
- Charter Communications stock price and newsThe stock was down 1 week earlier near a $101.11 low on Oct 26. It was up about 13% over the week to Nov 2 and is still down about 50% over one year.
- CHTR trading data and 52-week rangeThe 52-week low of $101.11 was set on Oct 26, 2026, against a high of $254.11. Market cap is about $13B and trailing P/E about 3.
- Charter shares rise 5.68% to $120.25 on Nov 4The stock closed at $120.25 on volume of 3.26M ahead of earnings. A law firm is investigating claims tied to the Liberty Broadband merger.