Charter Announces Second Quarter 2024 Results

Charter Communications reported financial and operating results for the three and six months ended June 30, 2024. Charter had 29.6 million residential customer relationships, excluding mobile-only relationships. Second quarter residential Internet customers decreased by 154,000, largely driven by the end of the Federal Communications Commission's Affordable Connectivity Program subsidies in the second quarter, compared to an increase of 70,000 during the second quarter of 2023. Charter continues to work with federal, state and local governments to bring Spectrum Internet to unserved and underserved communities. During the second quarter of 2024, Charter activated 89,000 subsidized rural passings. Within Charter's subsidized rural footprint, total residential and SMB customer relationships increased by 36,000 in the second quarter of 2024. During the second quarter of 2024, Charter added 539,000 residential mobile lines, compared to growth of 628,000 during the second quarter of 2023.