Charter residential video customers down 152,000 in 1Q 2019
Tuesday, April 30th, 2019
STAMFORD, Conn. — Charter Communications, Inc. (along with its subsidiaries, the “Company” or “Charter”) today reported financial and operating results for the three months ended March 31, 2019.
Residential video customers decreased by 152,000 in the first quarter of 2019, while first quarter 2018 video customers decreased by 121,000. As of March 31, 2019, Charter had 16.0 million residential video customers.
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 Net Additions/(Losses) (152)
At the end of the company’s Q1 2019 results conference call, when asked about the possibility of licensing Comcast’s X1 platform, Charter Chairman and CEO Tom Rutledge said, “We’re down the road with our own user interface but we have a good relationship with Comcast and we’ve had discussions with them about licensing their X1 platform and their new IP video platform and if we can make that the best platform for us we’d certainly be willing to do that and we think they’d be a great provider. To date we haven’t, and we like our own UI and we like having the ability to change that UI at the pace we want to change it and to make it reflect our marketing strategy. Consistent with the extent to which we are different to Comcast or anyone else out there, we want to be able to continue to have that capability. So if we can check all the boxes in terms of having complete flexibility and low cost, we could become a vendor of Comcast in terms of their platform. To date we haven’t been able to do that.”
Links: Charter
Latest News
- Competition driving OTT TV & video subscription growth
- Wyplay becomes Alexa Solution Provider
- Sky Media appoints TVbeat as TV data verification partner
- Amazon wins as British viewers are desperate for more sport
- Netflix releases 4Q 2020 results
- Pearl TV broadcasters welcome FCC easing of SFN regulations