Charter, not so long ago floundering in bankruptcy, continues to tap a rich vein of revenue from consumers eager to bundle their voice, video and data services. The St. Louis, Mo.-based MSO reported first quarter financials that included a 4.4 percent actual increase in revenues and the addition of 243,000 revenue-generating units (RGUs, or subscribers who take at least one service and generally more) over the past year.
Charter said that adjusted income was $24 million in the quarter compared to a net loss of $205 million in the first quarter of 2009 and that the average customer spent $120.45 monthly "driven by increased sales of the Charter Bundle and advanced services."
Cablevision Systems said its first quarter net revenue was up 5.2 percent to $1.752 billion with "subscriber increases across all our consumer services, including basic video," according to a company statement attributed to President-CEO James Dolan.
Elsewhere in the earnings space, Clearwire, cable's answer to the mobile wireless question, said its first quarter revenue of $107 million was up 72 percent over the previous year and that it had 971,000 subscribers (814,000 retail and 157,000 wholesale) after adding 283,000 during the period.
Finally, in Canada, Telus said it hit the 200,000 cable TV subscriber mark and that it's $2.375 billion in revenue was unchanged from a year ago.
For more:
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