Charter Q3 FY2026: revenue up 9.1% on Cox, but a $6.33 billion impairment sinks EPS
The headline looks like a collapse: a $2.40 billion net loss and EPS of -$20.50. The cause is a $6.33 billion non-cash franchise impairment, not operations. Revenue rose 9.1% to $14.92 billion only because Cox is now consolidated; pro forma revenue fell 1.5%. Read this quarter as a scale-up story where the subscriber base is still shrinking.
1 · Expected vs. Actual
Free preview belowGAAP EPS of -$20.50 versus a consensus estimate of $9.24 is not an operating miss; it is a $6.33 billion franchise impairment flowing through the income statement. Operating income swung to a $3.53 billion loss. Adjusted EBITDA, which excludes the impairment, was $5.94 billion on an actual basis, up 6.9%.
Actual revenue of $14.92 billion rose 9.1% from $13.67 billion, but the Cox acquisition drives the increase, not organic growth. Pro forma revenue of $16.51 billion fell 1.5% year over year. Strip out advertising and the streaming-app costs netted inside video revenue, and pro forma revenue was still down 1.0%.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-06
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