paidContent and mocoNews

Earnings: Charter Slims Q1 Net Loss, As Revs Grow 10.5 Percent

Discussion Policy
Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post.
David Kaplan
Monday, May 12, 2008; 9:07 AM

Charter Communications (NSDQ: CHTR) narrowed its Q1 net loss to $358 million ($.97 per common share) compared to last year's loss of $381 million ($1.04 per common share). The decrease was attributed to higher adjusted EBITDA. Revenues for the St. Louis-based cable operator were up 10.5 percent to $1.564 billion on a pro forma basis and 9.8 percent on an actual basis, thanks to increases in telephone and high-speed internet revenues. Other activity in the quarter included:

-- Revenue generating units (RGUs) gained 7 percent year-over-year, with 302,300 net additions. Video RGUs increased 90,900 and video ARPU grew 6.2 percent, which Charter says is the highest video RGU net additions and video ARPU growth since 2003. Digital video customers increased by approximately 102,800 as basic video customers fell by 11,900.

-- Video revenues grew $27 million, up 3.2 percent.

-- Internet customers increased by approximately 85,700. That helped boost internet revenues by $35 million, up 11.9 percent year-over-year. Release| Webcast (9 AM EDT)

© 2008 ContentNext Media Inc.