Charter Communications narrows Q1 loss, adds subscribers

Charter Communications posted a first quarter loss of $358 million, or 97 cents a share, compared to $381 million, or $1.04 a share a year ago and said its revenue rose 10 percent to $1.6 billion from $1.4 billion, primarily the result of an increase in how much each of its customers was spending on service. The company said ARPU rose to $100.14, up 13 percent from a year earlier.

Charter, controlled by Microsoft co-founder Paul Allen, said revenue from VoIP nearly doubled to $121 million and Internet subscriber revenues jumped 12 percent to $121 million.

For more:
- See the Wall Street Journal story
- Check out Charter's quarterly results