Suddenlink Reports Strong Q2 Gains

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Suddenlink Communications reported strong second quarter results Thursday, driven by gains in high-speed data and telephone revenue.
Revenue for the period rose 7% to $482 million and cash flow increased 9% to $179.4 million.
Residential high-speed data customers fell by 4,600 in the period but revenue rose 12.5% from the prior year, reflecting the positive impact of rate increase and gains in commercial customers. Residential telephony subscribers rose by 12,200 in the period and revenue was up 21.7% from the prior year. Suddenlink lost about 24,400 basic video subscribers in the period, mainly due to seasonality as customers moved to summer residences.
"We continue to experience exceptional growth in revenues and Adjusted EBITDA despite a very challenging economic environment," Suddenlink's Chairman and CEO Jerry Kent said in a statement.