Mediacom reported largely flat customer metrics in the first quarter, but did increase quarterly revenue by 5.9 percent to $444.8 million.
The Blooming Grove, N.Y. MSO lost 2,000 video customers during the period across its two operating units, compared to an addition of 1,000 in the first quarter of 2015. Mediacom ended the first quarter with 853,000 pay-TV customers, down 4.3 percent from a year ago.
The company added 29,000 high-speed Internet users versus growth of 28,000 in the comparable time frame a year ago. The MSO finished Q1 up 7 percent in broadband customers to just over 1.1 million.
Total customer relationships wer up 2.8 percent to 1.333 million.
The company continues to make aggressive investments into its networks — capital expenditures increased to $78.6 million from $63 million a year ago.
Mediacom is not a publicly traded company, but reports earnings to its bond issuers. The MSO is the seventh largest cable company in the U.S., serving primarily the Midwest and Southeastern part of the country.
For more:
- read this Mediacom earnings release
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