5 Biggest Broadcasting Companies in the World

4. Charter Communications, Inc. (NASDAQ:CHTR)

Market Cap: $54.46 billion

Charter Communications, Inc. (NASDAQ:CHTR) is an American broadband connectivity company and cable operator serving 41 states with a customer base of more than 32 million through its Spectrum brand. The company provides business-to-business internet access, data networking, business phone services, and video and music entertainment. Spectrum Reach, its advertising sales branch, provides regional businesses with a chance to advertise on cable television networks and advertising platforms in individual and multiple service areas.

Charter Communications, Inc. (NASDAQ:CHTR) ‘s revenue for 2021 was recorded at $51.6 billion, an increase of 7.45% from $48.0 billion in 2020.

Here is what Oakmark Funds specifically said about Charter Communications, Inc. (NASDAQ:CHTR) in its Q3 2022 investor letter:

Charter Communications, Inc. (NASDAQ:CHTR) is also trading like a bank stock due to concerns about broadband subscriber growth and competition. With the stock trading for a high-single-digit P/E on next year’s consensus earnings forecasts, we believe the market’s assumptions are overly punitive. Charter remains the dominant broadband provider in 60% of its footprint, and we expect continued operating profit growth even in a tougher competitive and macro environment.