Charter digital video customers increase 95,800 in 1Q10
Thursday, May 6th, 2010ST. LOUIS, Missouri — Charter Communications, Inc. (along with its subsidiaries, the “Company” or “Charter”) today reported financial and operating results for the three months ended March 31, 2010.
Charter served approximately 12.9 million revenue generating units (RGUs) as of March 31, 2010, an increase of 401,300 RGUs or about 3.2% over the prior year’s quarter and an increase of 243,000 from the fourth quarter of 2009. Approximately 58.5% of Charter’s residential customers subscribe to a bundle. Charter’s ARPU for the first quarter of 2010 was $120.45, an increase of 9.0% compared to first quarter 2009, primarily as a result of strong growth in triple play and advanced services growth.
Digital video customers increased by approximately 95,800 and basic video customers decreased by approximately 23,400 during the first quarter. Video ARPU was $67.88 for the first quarter of 2010, up 4.3% year-over-year as we continue to increase digital, high definition and digital video recorder penetration.
As of March 31, 2010, Charter served approximately 5.3 million customers, and the Company’s 12.9 million RGUs were comprised of 4.8 million basic video, 3.3 million digital video, 3.2 million Internet and 1.6 million phone customers.
Summary of Operating Statistics – Digital Video:
March 31, December 31, 2010 2009 ------------ ------------ Digital video customers 3,313,900 3,218,100 Digital penetration of basic video customers 69.0% 66.7% Digital set-top terminals deployed 4,937,000 4,794,500 Pro forma digital video customers quarterly net gain 95,800 43,300
More: Earnings Release
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