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  

Suggested Articles

Microsoft announced on Monday it has bought privately-held Mover to make it easier for its customers to migrated files to Microsoft 365.

Massive IoT use cases are complex and no single technology can cover them all, opening the door for a broader 5G ecosystem of “best fit” technologies.

T-Systems, the IT and digital services division of Deutsche Telekom, is letting customers kick the tires on private cloud usage via a free trial.