Now under the control of majority owner Altice NV, Suddenlink Communications quietly put out a strong fourth-quarter/full-year earnings report that revealed a 4.5 percent quarterly revenue expansion to $618.9 million and customer growth across both broadband and video channels.
Revenue from high-speed Internet services grew 17.1 percent in the fourth quarter to $230.7 million, driven by the addition of 74,000 new customers over the course of the preceding year. Suddenlink added 20,700 broadband users in the fourth quarter alone after adding 11,600 in the same period of 2014.
The St. Louis-based MSO's video metrics were solid, too: It lost 1,300 "basic" video customers in the quarter compared to the 34,800 lost during the fourth quarter of 2014. That period was marked by the cable company's decision not to renew its program licensing agreement with Viacom.
As of Dec. 31, Suddenlink served 1.467 million customers, an increase of 2.8 percent year over year. About 410,700 of those customers take the MSO's triple-play bundle.
The company reported a 10.2 percent spike in adjusted EBITDA growth to $263.8 million for the fourth quarter.
For more:
- visit Suddenlink's investor relations site
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