Charter Reports Second-Quarter Financial and Operating Results

Thursday, August 2nd, 2007
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  • Second-quarter pro forma revenues of $1.498 billion grew 11.0% year over year and actual revenue grew 8.4%, driven by significant increases in telephone and high-speed Internet (HSI) revenues.
  • Second-quarter pro forma adjusted EBITDA of $539 million increased 10.9% year over year and actual adjusted EBITDA grew 8.9%. (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 166,300 on a pro forma basis during the second quarter of 2007, the highest second-quarter RGU net gain in five years.
  • Average revenue per analog video customer (ARPU) increased 12.6% year over year, driven by increased sales of The Charter Bundle and advanced services growth.

ST. LOUIS — Charter Communications, Inc. (NASDAQ: CHTR) today reported its second-quarter 2007 financial and operating results.

Charter added a net 166,300 RGUs during the second quarter of 2007 – the highest second-quarter net RGU additions in five years. As of June 30, 2007, Charter served approximately 5,679,900 customers. The Company’s 11,526,300 RGUs were comprised of 5,376,800 analog video, 2,866,000 digital video, 2,583,200 HSI, and 700,300 telephone customers.

  • Telephone customers increased by approximately 127,700 in the second quarter of 2007, nearly double the 66,500 net additions in the year-ago quarter.
  • HSI customers increased by approximately 60,300, a 16% increase over second-quarter 2006 net additions of 51,900.
  • Digital video customers increased by approximately 7,600, compared to 23,800 net additions in the year-ago quarter.
  • Analog video customers decreased by approximately 29,300, essentially the same as the net loss in the second quarter of 2006.