Charter Offers ViX to Spectrum Users, But Faces Subscriber Loss

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Charter Offers ViX to Spectrum Users, But Faces Subscriber Loss

Charter Communications Partners with TelevisaUnivision to Offer ViX to Spectrum Users

Charter Communications (CHTR) has partnered with TelevisaUnivision to bring the premium ad-supported subscription version of ViX to Spectrum users with Spectrum TV Select or Mi Plan Latino packages at no additional cost. This partnership will give Spectrum's 32 million customers access to 17,000 hours of streaming content, including movies, original series, and live sports.

ViX's ad-supported premium tier includes original content, movies, and upcoming releases. It also provides access to soccer content throughout the year, including Liga MX and UEFA Champions League.

Charter Communications' Strong Partner Base

Charter Communications has a strong partner base that includes Magnite, Paramount Global, and Disney, in addition to the recent collaboration with TelevisaUnivision. This strong partner base is expected to aid the company's long-term prospects.

Charter Communications recently expanded its partnerships with Magnite and Paramount Global to enhance its streaming offerings. The company also collaborated with Disney's ESPN to make it available to Spectrum TV Select Plus customers.

Challenges and Future Outlook

Charter Communications' strong partner base is a major positive. However, shares of this Zacks Rank #3 (Hold) company have plunged 24.4% in the year-to-date period due to persistent video-subscriber attrition.

The Zacks Consensus Estimate for CHTR's second-quarter 2024 earnings per share is pegged at $7.93, which has decreased 5 cents in the past 30 days. The consensus mark for 2025 earnings is pegged at $32.79 per share, which has decreased 26 cents in the past 30 days.