Charter residential video customers down 237,000 in 1Q 2023
Friday, April 28th, 2023
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, 2023.
Residential video customers decreased by 237,000 in the first quarter of 2023, compared to a decline of 123,000 in the first quarter of 2022, partly driven by downgrades following a January pass through of higher programming expense. As of March 31, 2023, Charter had 14.3 million residential video customers. Charter plans to begin deploying Xumo-branded streaming devices in late 2023.
Residential – Video – Primary Service Units
2021 -------------------------------------- 1Q 2Q 3Q 4Q FY ------ ------ ------ ------ ------ Total 15,483 15,420 15,287 15,216 15,216 Net Additions/(Losses) (156) (63) (133) (71) (423) 2022 -------------------------------------- 1Q 2Q 3Q 4Q FY ------ ------ ------ ------ ------ Total 15,093 14,853 14,642 14,497 14,497 Net Additions/(Losses) (123) (240) (211) (145) (719) 2023 -------------------------------------- 1Q 2Q 3Q 4Q FY ------ ------ ------ ------ ------ Total 14,260 Net Additions/(Losses) (237)
More: Results Release
Links: Charter Communications
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