Mediacom Sheds 3K Video Customers in Q1

High-speed data, phone increases spur growth 5/03/2017 10:59 AM Eastern

Mediacom Communications lost about 3,000 basic video customers in the first quarter, but gains in its high-speed data and telephone businesses helped push revenue and cash flow up in the period.

Mediacom ended the quarter with 832,000 basic video subscribers, but added 17,000 high-speed data customers and 15,000 phone customers. That helped drive revenue to $462.7 million for the period (up 4%) and operating income before depreciation and amortization (OIBDA) up 3.7% to $175.3 million.

Mediacom is the fifth largest cable operator in the United States, servicing customers primarily in small markets in the Midwest and Southeast.

Want to read more stories like this?
Get our Free Newsletter Here!