Charter residential video customers down 237,000 in 1Q 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)