The stock price of Charter Communications drops after its CFO predicts a potential decline in broadband subscribers during the fourth quarter.

• On Tuesday, the price of Charter's shares dropped after Jessica Fischer, the company's CFO, announced that they might experience a decline in broadband subscribers during the fourth quarter.
• Comcast shares also slid following the comments.
• Fischer stated that the company's problems are being caused by the impact of higher interest rates and the ongoing Disney-Charter conflict.

On Tuesday, shares of the company closed down by more than 8% after its Chief Financial Officer Jessica Fischer announced that the company could lose broadband subscribers in the fourth quarter.

Charter competitor ’s stock also closed down by more than 3%.

Fischer stated at the UBS Global Media and Communications Conference that it is likely that we will have negative internet net adds in Q4 due to the subscriber drop in October, which was partly caused by the company's dispute with Disney and higher interest rates, and November was similarly soft.

While Charter gained over 60,000 broadband customers in its third quarter, Comcast reported a loss of 18,000 broadband subscribers in the same period.

In the third quarter, Charter spent $1.1 billion on line extensions, which was driven by its efforts to expand broadband coverage to rural and underserved communities.

The housing market is struggling due to rising interest rates, tight supply, and low mortgage demand, which has been at its lowest in nearly 30 years.

Fischer predicts that Charter will regain subscriber growth due to a possible rebound in the housing market and the inclusion of Disney+ in some Spectrum plans, which will enhance Charter's competitiveness.

• The possibility of a supply war with the U.S. is increasing as Saudi Arabia faces challenges in increasing oil prices.