Suddenlink Shows its Strength

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Mid-sized market MSO Suddenlink Communications outperformed some of its larger rivals in the third quarter, reporting revenue growth of 7.3% and operating cash flow growth of 9.2%, fueled by strong high-speed data and commercial services growth.
In contrast, the larger publicly traded cable operator reported revenue growth ranging from 4% to 8% and cash flow growth spanning 0% to 6.7% in the third quarter.
Revenue for the period was $482.7 million and adjusted earnings before interest, taxes, depreciation and amortization was $177.7 million. High speed data revenue was up 12.2%, spurred by an increase of 23,000 subscribers; phone revenue rose 20.2%, mainly due to a 16,200 rise in customers and commercial revenue increased 17.1% to $57 million in the period. Suddenlink lost about 5,900 basic video customers in the period, ending the quarter with 1.3 million video subscribers, 937,200 residential high-speed Internet subscribers and 426,100 residential telephone customers.
"We believe our customer-centric strategy has helped us consistently produce results that are among the very best in the industry," Suddenlink chairman and CEO Jerry Kent said in a statement. "Case in point: Despite considerable economic headwinds, we have now turned in 20 consecutive quarters of pro forma revenue growth."