Charter residential video customers down 73,000 in 2Q 2018

Tuesday, July 31st, 2018 
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Charter Announces Second Quarter 2018 Results

STAMFORD, Conn. — Charter Communications, Inc. (along with its subsidiaries, the “Company” or “Charter”) today reported financial and operating results for the three and six months ended June 30, 2018.

Residential video customers decreased by 73,000 in the second quarter of 2018, while second quarter 2017 video customers decreased by 91,000. During the year ended June 30, 2018, limited basic video subscriptions represented all of Charter’s residential video customer losses, while the combination of traditional expanded basic video, and Charter’s Stream and Choice packages contributed to video customer growth. As of June 30, 2018, Charter had 16.2 million residential video customers.

As of the end of the second quarter, 91% of Charter’s footprint was all-digital. During the quarter, Charter continued its all-digital efforts, and as of June 30, 2018 , approximately 6% of Legacy TWC’s footprint and 50% of Legacy Bright House’s footprint were not yet all-digital. All-digital allows Charter to offer more advanced products and services, and provides residential customers with two-way digital set-top boxes, which offer better video picture quality, an interactive programming guide and video on demand on all TV outlets in the home.

Residential – Video – Primary Service Units

                                                           2017
                         --------------------------------------
                             1Q      2Q      3Q      4Q      FY
                         ------  ------  ------  ------  ------
Total                    16,593  16,502  16,398  16,400  16,400
Net Additions/(Losses)    (108)    (91)   (104)       2   (301)

                                                           2018
                         --------------------------------------
                             1Q      2Q      3Q      4Q      FY
                         ------  ------  ------  ------  ------
Total                    16,279  16,206
Net Additions/(Losses)     (121)   (73)

More: Earnings Release

Links: Charter Communications