Charter residential video customers up 2,000 in 4Q 2017
Friday, February 2nd, 2018
Charter Announces Fourth Quarter and Full Year 2017 Results
STAMFORD, 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, 2017.
Residential video customers increased by 2,000 in the fourth quarter of 2017, while fourth quarter 2016 video customers decreased by 51,000, or 91,000 when adjusted for seasonal program changes made at Legacy Bright House. As of December 31, 2017, Charter had 16.5 million residential video customers.
During the fourth quarter, Charter continued its all-digital efforts in the approximately 30% of Legacy TWC’s footprint and 60% of Legacy Bright House’s footprint that are 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
2016 -------------------------------------- 1Q 2Q 3Q 4Q FY ------ ------ ------ ------ ------ Total 17,086 16,934 16,887 16,836 16,836 Net Additions/(Losses) 24 (152) (47) (51) (226) 2017 -------------------------------------- 1Q 2Q 3Q 4Q FY ------ ------ ------ ------ ------ Total 16,736 16,646 16,542 16,544 16,544 Net Additions/(Losses) (100) (90) (104) 2 (292)
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