St Louis-based Charter Communications’ Q2 results continued from the same playbook as other cablecos: Broadband and telephony up and pay TV down.
Charter, the fourth largest US cableco, added 37,000 broadband customers and 12,000 phone customers, but lost 72,000 pay TV subscribers. Revenue from broadband and telephony increased, it said, but pay TV revenue declined.
The company said average revenue per residential customer was up 2% to $106 because of growth in multi-product subscriptions and advanced digital services. Revenue from pay TV was down slightly to $911 million from $912 million because of the decline in pay TV subscribers, premium channels and on-demand revenue.