Charter residential video customers down 105,000 in 4Q 2019
Friday, January 31st, 2020STAMFORD, Conn. — Charter Communications, Inc. (along with its subsidiaries, the “Company” or “Charter”) today reported financial and operating results for the three and twelve months ended December 31, 2019.
Residential video customers decreased by 105,000 in the fourth quarter of 2019, while fourth quarter 2018 residential video customers decreased by 36,000. As of December 31, 2019, Charter had 15.6 million residential video customers.
Video revenue totaled $4.5 billion in the fourth quarter, an increase of 2.6% compared to the prior year period. Video revenue growth was driven by rate adjustments and promotional rolloff, partly offset by a decline in video customers during the last year, a higher mix of streaming and lighter video packages within Charter’s video customer base and lower pay-per-view and video on demand revenue.
Residential – Video – Primary Service Units
2018 -------------------------------------- 1Q 2Q 3Q 4Q FY ------ ------ ------ ------ ------ Total 16,279 16,206 16,140 16,104 16,104 Net Additions/(Losses) (121) (73) (66) (36) (296) 2019 -------------------------------------- 1Q 2Q 3Q 4Q FY ------ ------ ------ ------ ------ Total 15,952 15,802 15,725 15,620 15,620 Net Additions/(Losses) (152) (150) (77) (105) (484)
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