April 30, 2021
Charter Communication’s trend avoiding pay-TV subscriber contraction appears to be coming to an end. The Spectrum TV provider April 30 reported residential video customers decreased by 156,000 in the first quarter (ended March 31), compared with a decrease of 70,000 in the first quarter of 2020, and 152,000 in the first quarter of 2019. Charter ended Q1 with 15.5 million Spectrum residential video customers.
Charter, the No. 3 pay-TV operator in the country, in 2015 was one of the first operators to launch a broadband-only service — dubbed Spectrum TV Plus — that included a free Roku 3 player priced at $12.99 a month.
“We continue to execute well in a market environment that has not yet returned to normal,” CEO Tom Rutledge said in a statement. “We added 355,000 Internet customers in the first quarter, and 2 million over the last year, for year-over-year growth of 7.3%.”
Charter ended the quarter with 29.2 million broadband subscribers.