Earnings: Charter Communications Narrows 1Q Loss Thanks To High Speed Internet Growth

Growth in high-speed internet customers helped Charter Communications (Nasdaq: CHTR) reduce its 1Q net loss to $381 million, or $1.04 per share, versus a net loss of $459 million, or $1.45 cents per share a year earlier. The St. Louis cable company also said 1Q revenue was up 8 percent to $1.43 billion.

— Charter added 123,900 high-speed internet subscribers, a 20 percent increase compared to the prior year’s 105,400 additions. It also signed up 65,000 new digital video customers, a 15 percent increase over the 56,500 added in 1Q06.
— High-speed internet revenues increased to $55 million, up 22.8 percent year over year. Earnings release (PDF)| Webcast

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