Mediacom Communications Reports Results for Second Quarter 2007

Tuesday, August 7th, 2007
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  • Revenues increased 7.4% to $324.7 million from $302.4 million in Q2 2006
  • Adjusted operating income before depreciation and amortization (“Adjusted OIBDA”) rose 3.8% to $119.3 million
  • Operating income grew 1.9% to $61.0 million
  • Net loss of $6.6 million, versus net income in Q2 2006 of $5.7 million
  • Average monthly revenue per basic subscriber increased 12.0% to $80.00
  • Total revenue generating units (“RGUs”) rose 6.3% to 2,633,000, with a gain of 18,000 during the quarter

MEDIACOM COMMUNICATIONS CORPORATION (Nasdaq: MCCC) today reported financial results for the three months ended June 30, 2007.

Video revenues increased 1.6% from the second quarter of 2006, with higher service fees from our advanced video products and services, such as DVRs and HDTV, and basic video rate increases, offset by a reduction in basic subscribers. During the quarter, the Company lost 18,000 basic subscribers, compared to a loss of 22,000 in the prior year period in what is a seasonally weak quarter. Average monthly video revenue per basic subscriber grew 5.9% from the second quarter of 2006 to $55.69.

Digital customers grew by 2,000 during the second quarter of 2007, as compared to a loss of 1,000 in the same period last year.