Charter residential video customers down 105,000 in 4Q 2019

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, 2019.

Residential video customers decreased by 105,000 in the fourth quarter of 2019, while fourth quarter 2018 residential video customers decreased by 36,000. As of December 31, 2019, Charter had 15.6 million residential video customers.

Video revenue totaled $4.5 billion in the fourth quarter, an increase of 2.6% compared to the prior year period. Video revenue growth was driven by rate adjustments and promotional rolloff, partly offset by a decline in video customers during the last year, a higher mix of streaming and lighter video packages within Charter’s video customer base and lower pay-per-view and video on demand revenue.

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  15,802  15,725  15,620  15,620
Net Additions/(Losses)    (152)   (150)    (77)   (105)   (484)