Suddenlink Posts Q1 Gains


Revenue and cash flow increased more than 6% at Suddenlink Communications in the first quarter, fueled by strong gains in high-speed data and phone customers.
Revenue for the period was $505 million, a 6.2% increase from the prior year. Adjusted earnings before interest taxes, depreciation and amortization (EBITDA) rose 6.6% to $181.1 million. Adjusted EBITDA would have risen 9% during the quarter if certain non-recurring charges were excluded.
Suddenlink lost about 2,000 basic customers in the quarter (compared to a gain of 1,300 customers in the prior year), ending the period with about 1.25 million video customers. High-speed data subscribers rose by 31,200 and telephony customers climbed by 14,600 in the period, the company said. Average monthly revenue per unit jumped 10.2% to $134.80 in the quarter from $122.28 in the prior year, reflecting the greater number of customers signing up for bundled packages, Suddenlink said it added 9,000 triple play subscribers and 11,400 double play customers in the period. Non-video customers rose to 234,900 from 218,300, representing about 16.9% of total customer relationships.
"Our results continue to be among the very best in the industry, including pro forma revenue growth of 6.2%; EBITDA growth, excluding non-recurring expenses, of 9%; and ARPU growth of 10.2%," said Suddenlink chairman and CEO Jerry Kent in a statement. "I continue to believe that our focus on providing a superior level of customer service has been key to those results, as well as to our growth in customer relationships, RGUs, and commercial services."
Suddenlink is scheduled to hold a conference call with analysts at 11 a.m.