Charter Reports Second Quarter Financial and Operating Results

Tuesday, August 5th, 2008
Charter Communications logo

ST. LOUIS — Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, the “Company” or “Charter”) today reported its second quarter and six-month 2008 financial and operating results.

Key Operating Results

All of the following customer growth and ARPU statistics are presented on a pro forma basis. Charter added a net 98,900 RGUs during the second quarter of 2008. As of June 30, 2008, Charter served approximately 5,557,600 customers and the Company’s 12,181,700 RGUs were comprised of 5,162,000 basic video, 3,056,900 digital video, 2,787,300 HSI, and 1,175,500 telephone customers.

  • Telephone customers increased by approximately 90,500 during the second quarter of 2008 and the number of telephone customers is up nearly 70% year-over-year. Telephone penetration is now 11.8% of telephone homes passed.
  • Digital video customers increased by approximately 33,900 and basic video customers decreased by 44,800 during the second quarter. Video ARPU was $58.73 for the second quarter of 2008, up 5.6% year-over-year.
  • HSI customers increased by approximately 19,300 in the second quarter of 2008. HSI ARPU increased year-over-year to $40.67.

Operating Statistics – Digital Video:

                       Actual                   Pro Forma
                     ----------   --------------------------------------
                       June 30,    March 31,   December 31,     June 30,
                           2008         2008          2007          2007    
                     ----------   ----------   ------------   ----------
Digital video
 customers          3,056,900    3,023,000      2,920,100    2,843,800
Digital
 penetration of
 basic video
 customers              59.2%        58.1%          56.0%        53.4%
Digital set-top
 terminals
 deployed           4,409,300    4,340,300      4,192,700    4,102,400
Pro forma
 digital video
 customers
 quarterly net
 gain                  33,900      102,900         59,600        8,700

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