10:29 AM EDT, 04/24/2026 (MT Newswires) -- Charter Communications (CHTR) reported first-quarter earnings below Wall Street's estimates as revenue declined annually, driven by weakness in the residential video and Internet segments.

Earnings for the quarter rose to $9.17 per share from $8.42 a year earlier. Analysts polled by FactSet expected $9.96. Revenue declined 1% to $13.6 billion, compared with the Street's $13.55 billion view.

Charter's shares plunged 20% in Friday trading. The stock is down 7.7% so far this year. Charter operates the Spectrum brand, which offers Internet, mobile, TV and voice products.

Residential revenue decreased 2.7% to $10.49 billion as video sales fell 9.2%. Internet revenue slipped 1.3% to $5.85 billion.

In the March quarter, total internet customers fell by 120,000, driven by a 117,000 decline in residential subscribers. Last year, the company reported a 59,000 drop in total customers.

Mobile line net additions eased to 368,000 from 507,000.

Media and connectivity giant Comcast's (CMCSA) first-quarter results topped the Street's estimates Thursday as it benefited from the Milan Cortina Winter Olympics and Super Bowl LX. AT&T (T) reported better-than-expected first-quarter results on Wednesday, while the telecommunications giant reiterated its full-year earnings outlook.

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