TMUS

Successful Milestone: SpaceX completed its 100th Starlink mission of the year, deploying 28 satellites via a Falcon 9 rocket from Vandenberg Space Force Base, contributing to a total of 139 Falcon 9 launches in 2025.

Focus on Reusability: The company's emphasis on reusability has facilitated a rapid launch schedule, with over 2,554 Starlink satellites launched this year, and a total of over 10,000 satellites deployed, enhancing global connectivity.

Growing Subscriber Base: Starlink has surpassed seven million subscribers worldwide, with 2.7 million new users joining in the past year, and the service is now operational in around 150 countries.

Collaboration with T-Mobile: SpaceX's partnership with T-Mobile US Inc. aims to provide Starlink satellite connectivity, enabling features like continuous video calls and messaging through direct-to-cell technology.

Analyst Downgrades: Several analysts, including those from Goldman Sachs and KeyBanc Capital Markets, have downgraded Comcast's stock ratings due to concerns over broadband pricing and investment pressures, despite the company reporting better-than-expected third-quarter results.

Broadband Challenges: Analysts highlighted that Comcast is facing significant challenges in its broadband segment, including expected declines in average revenue per user (ARPU) and the need for substantial investments to support wireless and broadband convergence.

Competitive Landscape: The competitive intensity in the broadband market is expected to increase, with major players like AT&T, Verizon, and T-Mobile continuing to pursue their broadband ambitions, which may further pressure Comcast's subscriber growth.

Future Outlook: Comcast's management indicated that there will be no typical rate hikes in early 2026, leading to a projected decline in broadband ARPU and cash flow, with improvements unlikely until the third quarter of 2026.

Quarterly Performance: Charter Communications reported a 0.9% year-on-year revenue decline to $13.67 billion, missing analyst expectations, with EPS of $8.34 also falling short of the $9.37 estimate.

Customer Losses: The company lost 109,000 internet customers and 70,000 residential video customers, while its mobile lines increased by 493,000, reaching a total of 11.4 million.

Competitive Landscape: In contrast, T-Mobile US and AT&T reported significant gains in postpaid customers, highlighting the competitive pressures Charter faces in the market.

Future Outlook: Charter expects capital expenditures to be around $11.5 billion for 2025, slightly reduced from previous forecasts, while its stock price fell 2.27% to $225.67, nearing a 52-week low.