CCO Holdings Posts $1.81B Net Income on $13.6B Revenue in Q1 2026

CCO Holdings Capital Corp., a cable operator holding company, reported net income attributable to its member of $1.81 billion for the three months ended March 31, 2026, down from $1.84 billion in the same period last year. Read more earnings reports.

Revenue declined 1% to $13.60 billion from $13.74 billion in the prior-year quarter. Operating costs and expenses decreased slightly to $8.18 billion from $8.22 billion, while depreciation and amortization rose to $2.20 billion from $2.17 billion.

Income from operations fell to $3.20 billion from $3.22 billion in the first quarter of 2025. Interest expense climbed to $1.25 billion from $1.23 billion year-over-year.

Customer Base Erosion Continues

Total customer relationships dropped to 31.68 million as of March 31, 2026, compared to 32.16 million a year earlier. Residential customer relationships declined to 29.45 million from 29.91 million, while small business customers slipped to 2.23 million from 2.25 million.

Internet customers fell to 29.56 million from 30.02 million year-over-year. Video customers decreased to 12.55 million from 12.71 million, and voice customers dropped sharply to 5.87 million from 6.61 million.

Mobile lines showed growth, rising to 12.13 million from 10.37 million. Monthly residential revenue per residential customer declined to $118.44 from $120.07, while small business revenue per customer edged up to $162.71 from $161.31.

Cash Flow and Spending

Operating cash flow for the quarter totaled $4.35 billion, up from $4.29 billion in the first quarter of 2025. Capital expenditures increased to $2.86 billion from $2.40 billion, resulting in free cash flow of $1.42 billion versus $1.62 billion a year earlier.

The company reported adjusted EBITDA of $5.62 billion, down from $5.74 billion in the prior-year period.

Balance Sheet and Debt Activity

Total assets stood at $152.67 billion as of March 31, 2026, compared to $151.98 billion at year-end 2025. Long-term debt increased to $94.41 billion from $94.01 billion at December 31, 2025.

During the quarter, CCO Holdings borrowed $7.22 billion and repaid $7.50 billion in long-term debt. Cash and cash equivalents rose to $246 million from $218 million at the end of 2025.

The company distributed $1.10 billion to its parent during the quarter, up from $882 million in the first quarter of 2025. Member's equity totaled $41.63 billion as of March 31, 2026.