Charter Communications (CHTR) Posts Q1 Loss of 73c/Share
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Charter Announces First Quarter 2015 Results
May 1, 2015 8:00 AM EDTSTAMFORD, Conn., May 1, 2015 /PRNewswire/ -- Charter Communications, Inc. (along with its subsidiaries, the "Company" or "Charter") today reported financial and operating results for the three months ended March 31, 2015.
Key highlights:
First quarter revenues of $2.4 billion grew 7.3%1 as compared to the prior-year period, driven by residential revenue growth of 6.7% and commercial revenue growth of 14.8%. First quarter Adjusted EBITDA2 grew by 4.2% year-over-year. Excluding first quarter Comcast transactions transition costs of $21 million, Adjusted EBITDA grew by 7.0% year-over-year. Capital expenditures totaled $351 million in the first... More