Charter Reports Preliminary Financial and Operating Results for Fourth-Quarter 2006
Friday, February 9th, 2007
Fourth-Quarter Results Reflect Double Digit Revenues and Adjusted EBITDA Growth on a Pro Forma Basis
ST. LOUIS — Charter Communications, Inc. (NASDAQ:CHTR) (along with its subsidiaries, the “Company” or “Charter”) today announced preliminary results for the fourth quarter of 2006.
Charter added 162,400 revenue generating units (RGUs) during the fourth quarter of 2006, up from 138,200 in the fourth quarter of 2005. Charter added 277,000, or 64%, more RGUs during 2006 than 2005. Nearly 40% of Charter’s customers subscribe to a bundle, an increase of 18% from fourth quarter 2005. Approximately 94% of Charter’s telephone customers subscribe to a bundle, with 73% of them in a three product bundle, as of December 31, 2006. Charter’s bundled marketing of services contributed to a 13% increase in pro forma average monthly revenue per analog video customer compared to fourth quarter 2005.
Fourth quarter expected RGU additions consisted of the following:
- Fourth quarter 2006 net losses of analog video customers were approximately 43,300 compared to a pro forma net loss of approximately 16,700 in the fourth quarter of 2005;
- Fourth quarter 2006 net gains of digital video customers were approximately 40,500 compared to a pro forma net gain of approximately 49,800 in the fourth quarter of 2005;
- Fourth quarter 2006 net gains of high-speed Internet customers were approximately 59,000 compared to a pro forma net gain of approximately 73,800 in the fourth quarter of 2005; and
- Fourth quarter 2006 net gains of telephone customers were approximately 106,200, reflecting over a 30% increase in telephone customers during the quarter, compared to a pro forma net gain of approximately 31,300 in the fourth quarter of 2005. Telephone homes passed were approximately 6.8 million as of December 31, 2006.
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