Earnings: Charter Q4 Revs Up 9.9 Percent; Internet Up 17 Percent
By Joseph Weisenthal - Wed 27 Feb 2008 06:04 AM PST
Cable operator Charter (NSDQ: CHTR) has reported Q4 revenue of $1.55 billion, a 9.9 percent year-on-year increase from $1.41 billion. Net losses in the period expanded to $468 million ($1.27 per share) from $396 million ($1.08 million). The expanded loss is attributable to a one-time impairment charge. Core video revenue grew 2.5 percent to $850 million, while internet revenue was up 17 percent to $326 million. The company says it added 163,000 revenue generating units in the quarter and 835,000 in the year, a 15.3 percent increase compared to the prior year. A high percentage of these adds comes from digital telephony.
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Posted in: Media, TV, Cable & Telecom, Money, Earnings
Tags: charter communications,
