Charter video subscribers down 9,000 in 3Q 2014

Charter Announces Third Quarter 2014 Results

STAMFORD, Conn. — Charter Communications, Inc. (along with its subsidiaries, the “Company” or “Charter”) today reported financial and operating results for the three and nine months ended September 30, 2014.

Third quarter revenues of $2.3 billion grew 8.0% as compared to the prior-year period, led by residential revenue growth of 6.7%, and commercial revenue growth of 17.7%.

Residential video customers decreased by 9,000 in the third quarter of 2014, versus a loss of 27,000 in the year-ago period. The improvement in video customer performance was driven by digital bulk upgrades and Charter’s increasingly competitive video product, including more HD channels and video on demand offerings, attractive packaging of advanced services, improved selling methods, and enhanced service quality.

As of the end of the third quarter of 2014, Charter had completed over 80% of its all-digital initiative, having deployed over 2 million set top boxes since the start of Charter’s all-digital transition in 2013. Charter remains on schedule to complete its all-digital initiative by year-end 2014.

Video (thousands)

                                               2012                        2013                 2014
                         --------------------------  --------------------------  -------------------
                            1Q     2Q     3Q     4Q     1Q     2Q     3Q     4Q     1Q     2Q     3Q
                         -----  -----  -----  -----  -----  -----  -----  -----  -----  -----  -----
Customers                4,462  4,393  4,322  4,286  4,261  4,206  4,179  4,177  4,195  4,166  4,157
Net Additions/(Losses)      22   (69)   (71)   (36)   (25)   (55)   (27)    (2)     18   (29)    (9)
 FY                                           (154)                       (109)