Media
Charter Communications' Q2 FY2026 revenue declined 1.7% YoY to $13.53B and operating income fell 6.6% to $3.06B amid continued Internet and video customer losses, though diluted EPS rose 16.1% to $10.66 driven by aggressive share buybacks that shrank diluted shares outstanding by ~14%.
Key risk: High leverage and significant debt service obligations
Charter carries $93.8B in principal debt with a leverage ratio of 4.18x net debt to Adjusted EBITDA, and long-term debt of $93.96B against only $16.95B of stockholders' equity. The company must also fund approximately $4.2B in cash at the Cox Transactions closing and assume ~$12.4B of Cox's net debt, increasing leverage risk during a period of declining operating income.
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