Charter Reports Second Quarter Financial and Operating Results
Tuesday, August 5th, 2008ST. 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
More: Earnings Release
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