Charter increases revenue, narrows loss in Q2
Charter Communications reported second-quarter revenues of $1.6 billion, up 8.9 percent year-over-year, an increase that the company said was driven by increases in telephone and high-speed Internet (HSI) revenues.
Revenue generating units (RGUs) increased 6.4 percent year-over-year, with 98,900 net additions during the second quarter of 2008.
As of June 30, Charter served approximately 5.6 million customers, representing about 12.2 million RGUs – comprising approximately 5.2 million basic video, 3.1 million digital video, 2.8 million HSI and 1.2 million telephone customers.
Telephone customers increased by approximately 90,500 during the second quarter of 2008, and the number of telephone customers is up nearly 70 percent year-over-year.
Digital video customers increased by approximately 33,900, and basic video customers decreased by 44,800 during the second quarter. Video ARPU was $58.73 for the second quarter of 2008, up 5.6 percent year-over-year.
HSI customers increased by approximately 19,300 in the second quarter of 2008. HSI ARPU increased year-over-year to $40.67.
The advances helped Charter to slim its losses. The company reported a net loss of $276 million, compared with a net loss of $360 million in the second quarter of 2007.
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