October 30, 2020
In the ongoing drain of pay-TV subscribers in the linear TV market, Charter Communications has been an anomaly. The company’s Spectrum pay-TV brand has gained or retained subscribers, even as consumers migrate to over-the-top video.
That didn’t change in the third quarter (ended Sept. 30). Charter said it added 67,000 Spectrum TV subscribers in the quarter to finish the period with 16.23 million subs. The service had 16.24 million subs in the previous-year period.
CEO Tim Rutledge was enthusiastic about the company growth in broadband distribution — a growing lifeline for the pay-TV industry. The company ended the quarter with 26.8 million high-sped Internet subs — up 9% from 24.6 million a year ago.
“We’ve added two million customer relationships in the past year and remain focused on executing a proven operating and investment strategy that works for customers, employees and the communities we serve,” Rutledge said in a statement.