Charter adds revenue, RGUs
Charter Communications posted Q1 revenues of $1.37 billion, up 8.1 percent from a year earlier. The MSO also recorded a net loss of $459 million, widened from a net loss of $352 million.
On the service front, revenues linked to cable modem services jumped 18.1 percent, while telephony revenues more than doubled to $20 million. Commercial revenues rose 16.9 percent, and video revenues climbed 3.2 percent, helped in part by higher levels of service and increased rates.
Charter ended the quarter with 11.29 million revenue generating units (RGUs), up 294,800 from the previous quarter. It marked the highest quarterly gain in this category in more than three years, the MSO said.
Among other subscriber-related numbers:
- Charter ended Q1 with 191,100 telephone customers, up 57 percent from the previous quarter. The company added 69,600 phone subs in the period, and ended Q1 with 3.9 million telephony homes passed.
- The company reversed a trend by adding 29,400 analog video customers in Q1, although the figure included 17,500 customers acquired from Seren Innovations. It marked the first time in 10 quarters that Charter added analog video customers.
- Charter also added 69,800 digital video subs, including 8,000 from Seren. Charter added just 19,900 digital subs in the year-ago period.
- The operator added 126,000 high-speed Internet subs, up from a year-ago net gain of 94,000. It had 2.32 million high-speed subs by the end up Q1, 17 percent more than it had a year earlier.