Charter Reports First-Quarter Financial and Operating Results

Thursday, May 3rd, 2007
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Quarterly adjusted EBITDA growth of 13.2% on a pro forma basis, the highest increase in more than four years
332,200 quarterly net RGU additions on a pro forma basis, the largest increase in over five years

  • First-quarter revenues of $1.425 billion grew 10.7% year over year on a pro forma basis and 8.0% on an actual basis, driven by strong telephone and highspeed Internet (HSI) performance.
  • First-quarter adjusted EBITDA of $496 million increased 13.2% year over year on a pro forma basis and 10.7% on an actual basis. (Adjusted EBITDA is defined in the “Use of Non-GAAP Financial Metrics” section and is reconciled to net cash flows from operating activities in the addendum of this news release.)
  • Revenue generating units (RGUs) increased by 332,200 on a pro forma basis during the first quarter of 2007, with higher customer growth in every category compared to first-quarter 2006.
  • Average revenue per analog video customer (ARPU) increased 12.3% year over year, driven by increased sales of bundled packages, and advanced services growth.

ST. LOUIS, MO — Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, the “Company” or “Charter”) today reported its first quarter 2007 financial and operating results.

Key Operating Results

All the following customer growth and ARPU statistics are presented on a pro forma basis. Charter added a net 332,200 RGUs during the first quarter of 2007, with improved net additions in each of our customer categories, as compared to the first quarter of 2006.

  • Telephone customers increased by approximately 126,800 in the first quarter of 2007, more than double the 55,100 net additions in the year-ago quarter.
  • HSI customers increased by approximately 123,900, a nearly 20% increase over first-quarter 2006 net additions of 105,400.
  • Digital video customers increased by approximately 65,000, a 15% increase compared to 56,500 net additions in the year-ago quarter.
  • Analog video customers increased by approximately 16,500, compared to 10,300 in the first quarter of 2006.

As of March 31, 2007, Charter served approximately 5,716,300 customers, an increase of 21,600 during the first quarter. The Company’s 11,376,800 RGUs were comprised of 5,415,400 analog video, 2,862,900 digital video, 2,525,900 HSI, and 572,600 telephone customers.