Charter Communications, which emerged from Chapter 11 bankruptcy in November 2009, reported that its 2009 revenues increased 4.5% on a pro forma basis and 4.3% on an actual basis compared to 2008.
Notably, Charter’s total average monthly revenue per basic video customer (ARPU) for Q4 2009 increased 8.1% year-over-year to $117.43, driven by increased sales of “The Charter Bundle”.
Some highlighted operational data from Charter:
- As of December 31, 2009, Charter served approximately 5.3 million customers, and the Company’s 12.7 million RGUs were comprised of 4.8 million basic video, 3.2 million digital video, 3.1 million HSI and 1.6 million telephone customers.
- Charter served approximately 12.7 million revenue generating units (RGUs).
- Approximately 57% of Charter’s customers subscribe to a bundle, up from 53% in the fourth quarter of 2008.
- Digital video customers increased by approximately 43,300 and basic video customers decreased by approximately 56,900 during the fourth quarter. Video ARPU was $62.06 for the fourth quarter of 2009, up 4.7% year-over-year.
- HSI customers grew by approximately 51,800 during the fourth quarter of 2009. HSI ARPU of $41.48 increased approximately 3.0% compared to the year-ago quarter, driven by customer upgrades to higher speeds of service and increased penetration of home networking service.
- Fourth quarter 2009 net gains of telephone customers were approximately 60,600. Telephone penetration is now 14.9% of approximately 10.7 million telephone homes passed as of December 31, 2009. Telephone ARPU of $41.73 increased approximately 1.6% compared to the year-ago quarter.
http://www.charter.com