In early-day Tuesday trading, Charter’s stock was up a big 4.7% to $247.90.
Second-quarter performance includes financial results from Time Warner Cable and Bright House deals, which closed during the period. The Charter-Time Warner Cable deal was valued at $55 billion.
Revenue rose 6.6% to $9.99 billion on a pro forma basis -- results are as if the Time Warner-Bright House acquisitions had closed at the beginning of the year-ago period. On an actual basis, Charter reported a profit of $3.07 billion, versus a year-earlier loss of $122 million.
On a pro forma basis, Charter’s video subscriber loss was 152,000 to total 16.9 million. Internet business added 236,000 customers to 20.7 million; and voice/phone grew 83,000 to 10.3 million.
Pro forma video revenue grew 1.7% to $4.1 billion and Internet revenue was 12% higher to $3.1 billion. Voice revenue was up 3.3% to $730 million. Advertising sales were up 3.9% to $237 million
Second-quarter revenue per customer inched up 1% to $109.99 per mouth.
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