Earnings: Charter Grows Q3 Revs 9 Percent; Internet Business Up 20 Percent

Cable operator Charter (NSDQ: CHTR) Communications reported Q3 revenue of $1.52 billion, up 9 percent from last year’s $1.38 billion. Net losses on a continuing basis grew to $407 million from $333 million, although last year’s quarter was helped by a one-time gain. Income from continuing operations, which comes before the company’s massive quarterly debt payments, grew 62 percent to $107 million from $66 million. Some highlights:

— The company added 53,000 high speed internet customers during the quarter; revenue in this business grew 20 percent to $320 million.

— Voice revenue more than tripled to $94 million.

— Video revenue was stagnant, growing 1.1 percent to $845 million.

Release | Webcast

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