Light Reading
Revenues grow to $1.913B in the fourth quarter of 2012, but it's still not enough to prevent deficit

Charter Loses $40M in Q4

Light Reading
News Wire Feed
Light Reading
2/22/2013
50%
50%

STAMFORD, Conn. -- Charter Communications, Inc. (Nasdaq: CHTR) (along with its subsidiaries, the "Company" or "Charter") today reported financial and operating results for the three and twelve months ended December 31, 2012. Key highlights:

  • Fourth quarter 2012 residential customer relationships increased by 20,000, a four-fold increase over the fourth quarter of 2011. Residential customer relationships grew by 108,000 in 2012, compared to a loss of 20,000 in 2011.
  • Revenues grew to $1.913 billion in the fourth quarter of 2012, up 4.3% as compared to the prior-year period, driven by growth in Internet and commercial customers, and higher sales of video and advertising. Total revenues for the full year rose 3.9% on a pro forma basis and 4.2% on an actual basis.
  • Residential Internet revenues rose 9.0% in the fourth quarter, compared to the year-ago quarter as Charter added 293,000 Internet customers over the past twelve months, 28% more than in 2011.
  • Commercial revenues grew 20.4% in the fourth quarter, supported by growth across all segments, marking the seventh consecutive quarter of growth in excess of 20%. Full year commercial revenues increased 20.7% on a pro forma basis and 21.0% on an actual basis.
  • Adjusted EBITDA for the fourth quarter increased to $698 million, up 1.7% compared to prior year. Fourth quarter net loss totaled $40 million, compared to $67 million in the comparable prior-year period.
  • Free cash flow for the quarter was $33 million and net cash flows from operating activities totaled $485 million. Free cash flow for the year was $144 million and cash flows from operating activities were $1.876 billion. "Our fourth quarter results provide early evidence that our strategic changes are working as planned," said Tom Rutledge, Charter President and CEO. "We are providing a more competitive product and service, and as a result, customer relationships are growing and underlying subscription revenue is accelerating. Across both our residential and commercial businesses, our strategies are designed to drive higher market penetration and sustainable growth." Charter Communications Inc.
    (0)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View
    Educational Resources
    sponsor supplied content
    Educational Resources Archive
    Flash Poll
    From The Founder
    It's clear to me that the communications industry is divided into two types of people, and only one is living in the real world.
    LRTV Interviews
    From 4G to 5G: Alcatel-Lucent's Dave Geary

    11|25|14   |   09:09   |   (1) comment


    Dave Geary, President of Wireless at Alcatel-Lucent, talks about the evolution of the 4G market, small cells, partnerships, 5G and the IoT.
    LRTV Huawei Video Resource Center
    Building a Secure Telefonica Network With Huawei's High-End Firewall

    11|24|14   |   4:37   |   (0) comments


    Andrew Davies, IP architect of the Telefonica, a leading digital communications company, discusses the Huawei security gateway solution and putting the solution into the testbed.
    LRTV Huawei Video Resource Center
    Huawei Partners with Spirent to Verify CE12816's 10GE Port & TRILL Networking Capabilities

    11|24|14   |   2:50   |   (0) comments


    Spirent Communications is the world's leading supplier for telecom testing appliances and solutions. Spirent has been in a close partnership with Huawei for a long time.
    LRTV Huawei Video Resource Center
    Saudi Airlines & Its ICT Transformation

    11|24|14   |   2:07   |   (0) comments


    In this video, Saudi Airlines discusses its network problems and how Huawei's Agile Network is its all-in-one solution.
    LRTV Huawei Video Resource Center
    Huawei's Agile Switch Benefiting Saudi Arabia's Yamamah Hospital

    11|24|14   |   2:40   |   (0) comments


    Saudi Arabia's Yamamah Hospital speaks about how Huawei's Agile Switch has improved the medical service's network infrastructure.
    LRTV Huawei Video Resource Center
    FanPlay & Huawei Build a Wireless Agile Smart Stadium

    11|24|14   |   2:13   |   (0) comments


    FanPlay is a cloud-based white label service, which is effectively a football fan engagement platform underpinned by mobile payment technology.
    LRTV Huawei Video Resource Center
    Building an Agile Stadium

    11|24|14   |   3:54   |   (0) comments


    Stadiums may be thousands of tons of concrete and steel, but they now need to be agile. Being at the stadium may not be as alluring as it once was. Sports franchises and stadium operators discuss how to get fans back.
    LRTV Huawei Video Resource Center
    Huawei Helps ChinaCache Tackle Challenges in the Internet Industry

    11|24|14   |   3:09   |   (0) comments


    ChinaCache is China's largest content distribution network supplier. Huawei's CE12800 has provided ChinaCache with very strong support in its establishment of an infrastructure network.
    LRTV Huawei Video Resource Center
    Cefinity on Managed Security Services & Next-Generation Firewall

    11|24|14   |   7:05   |   (0) comments


    Cefinity is a cloud management service provider in Southeast Asia. Ivan Zhang, CEO of the company, discusses the implementation of security service management in the cloud era.
    LRTV Huawei Video Resource Center
    Huawei's Agile Gateway in the Eyes of Cefinity

    11|24|14   |   2:11   |   (0) comments


    Cefinity is a managed service provider for enterprise networks. The company currently uses Huawei's AR series routers for the most complete range of functions. CEO Ivan Zhang speaks about the advantages of the AR series routers.
    LRTV Huawei Video Resource Center
    CTO of Bus-Online Talks About Huawei's Agile Gateway

    11|24|14   |   2:53   |   (0) comments


    Bus-Online covers around 100 million users everyday. In addition to providing mobile TV, and advertising services to the public, Bus-Online has also entered the field of mobile Internet.
    LRTV Huawei Video Resource Center
    Amsterdam ArenA as an Agile Campus

    11|24|14   |   3:31   |   (0) comments


    The Amsterdam ArenA, home of the Ajax soccer team, can be a crowded space. ArenA has partnered with Huawei to work on bringing ample bandwidth to 53,000 people at the same time.
    Upcoming Live Events
    December 2, 2014, New York City
    December 3, 2014, New York City
    December 8-10, 2014, Reykjavik, Iceland
    February 10, 2015, Atlanta, GA
    April 14, 2015, New York City, NY
    May 6, 2015, McCormick Convention Center, Chicago, IL
    May 13-14, 2015, The Westin Peachtree, Atlanta, GA
    June 9-10, 2015, Chicago, IL
    Infographics
    Irish Telecom outlines the rise of VoIP technology, including its adoption within businesses and their perception of its quality.
    Hot Topics
    Bell Labs Chief Slams 'Toy' Networks
    Robert Clark, 11/19/2014
    $38.3M: Ain't That a Kik in the SMS
    Sarah Reedy, Senior Editor, 11/20/2014
    Do You Have a 2020 Vision?
    Dennis Mendyk, Vice President of Research, Heavy Reading, 11/21/2014
    Operators Should Block Ads to Get Their Cut, Startup Says
    Sarah Reedy, Senior Editor, 11/24/2014
    $35B+ Spectrum Auction Dings Verizon, Shines Dish
    Dan Jones, Mobile Editor, 11/24/2014
    Like Us on Facebook
    Twitter Feed