Charter Continues Video Momentum

Video subs rise 15K in Q1
Author:
Updated:
Original:
charter logo news 400x300.jpg

With its $78.7 billion acquisition of Time Warner Cable nearing a close, Charter Communications continued to build on past subscriber momentum, adding 15,000 video customers and 155,000 high-speed data customers in the first quarter. 

The customer growth also helped fuel strong financial results. Revenue rose 7.1% to $2.5 billion and cash flow was up 10.4% in the period.

"Our products, service, customer growth and financial results continue to improve, as we deliver more value to our residential and business customers," said Charter CEO Tom Rutledge in a statement. "The operating, service and financial benefits of our strategies are as we expected and demonstrate the growth opportunity that our consumer-friendly practices can drive on a larger set of underpenetrated assets through our pending transactions with Time Warner Cable and Bright House Networks."

Related