Charter Reports First Quarter Financial and Operating Results
Monday, May 12th, 2008ST. LOUIS — Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, the “Company” or “Charter”) today reported its first quarter 2008 financial and operating results.
Key Operating Results
All of the following customer growth and ARPU statistics are presented on a pro forma basis. Charter added a net 302,300 RGUs during the first quarter of 2008. As of March 31, 2008, Charter served approximately 5,598,800 customers and the Company’s 12,084,400 RGUs were comprised of 5,208,000 basic video, 3,023,200 digital video, 2,768,200 HSI, and 1,085,000 telephone customers.
- Telephone customers increased by approximately 125,700 during the first quarter of 2008 and nearly doubled year-over-year. Telephone penetration is approximately 11% of telephone homes passed.
- Video RGUs increased 90,900 during the first quarter and video ARPU grew 6.2% – the highest video RGU net additions and video ARPU growth since 2003. Digital video customers increased by approximately 102,800 and basic video customers decreased by 11,900.
- HSI customers increased by approximately 85,700 in the first quarter of 2008. HSI ARPU increased year-over-year to $40.08.
- First quarter 2008 total ARPU increased 13.4% to $100.14 from the same period in 2007, driven primarily by an increase in bundled customers, advanced services growth, and upgrading customers to higher service tiers.
Approximate as of -------------------------------------- Actual Pro Forma ------------------------- ------------ March 31, December 31, March 31, 2008 2007 2007 ------------ ------------ ------------ Digital Video: Estimated digital video homes passed 11,701,000 11,650,000 11,426,000 Digital video customers 3,023,200 2,920,400 2,835,400 Estimated penetration of digital homes passed 25.8% 25.1% 24.8% Digital penetration of basic video customers 58.0% 55.9% 53.0% Digital set-top terminals deployed 4,340,300 4,192,700 4,077,500 Pro forma digital video customers quarterly net gain 102,800 59,700 65,100
More: Earnings Release
Latest News
- Tata Motors selects HARMAN Automotive's in-vehicle app store
- Media Distillery to power Swisscom ad-free replay product
- MagentaTV strengthens addressable TV business with Equativ
- Deutsche Telekom selects Broadpeak Cloud DVR solution for MagentaTV
- Nexxen empowers Australian advertisers using VIDAA ACR data
- TargetVideo integrates AI for video content categorization