
Charter Communications, the fourth-largest U.S. cable company, improved revenue by nearly 10% during its fourth quarter operating period — as well as stabilizing its residential video
business.
All that had the company witnessing favorable support from the stock market. Midday trading of Charter’s stock was nearly 6% higher to $172.23.
Charter’s residential
video customers increased by 3,000 in the period, reversing a 2,000 loss in the same period a year ago, now at 4.16 million. Video revenue grew 8.1% to $1.13 billion.
The cabler added 104,000
broadband customers, with revenues 13.5% higher to $670 million. Voice revenues, while adding 50,000 customers, declined in overall revenue 9.7% to $139 million due to “value based pricing and
revenue allocation.”
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Overall, Charter lifted its average revenue per customer — to $111.52 from $110.81.
Closely watched program costs rose steadily — 11.2% —
to $2.5 billion. Charter’s marketing costs were up 4.5% to $529 million.
Charter posted a net loss of $48 million due to unfavorable comparisons of a tax benefit in the fourth quarter
2013. That period posted a net profit of $38 million. Charter’s cash flow — adjusted earnings before interest taxes, depreciation and amortization — was 8.2% higher to $3.2
billion.
Overall company revenues was up 9.9% to $2.36 billion.