Charter residential video customers down 66,000 in 3Q 2018
Friday, October 26th, 2018
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, 2018.
Residential video customers decreased by 66,000 in the third quarter of 2018, while third quarter 2017 video customers decreased by 104,000. The year-over-year improvement was driven by fewer limited basic losses than in the prior year quarter, and sales of Charter’s Stream and Choice video packages. As of September 30, 2018, Charter had 16.1 million residential video customers.
As of the end of the third quarter, 96% of Charter’s footprint was all-digital. During the quarter, Charter continued its all-digital efforts, and as of September 30, 2018, approximately 3% of Legacy TWC’s footprint and 23% 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 16,140 Net Additions/(Losses) (121) (73) (66)
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