PR Newswire
STAMFORD, Conn., July 30, 2021
STAMFORD, Conn., July 30, 2021 /PRNewswire/ -- Charter Communications, Inc. (along with its subsidiaries, the "Company" or "Charter") today reported financial and operating results for the three and six months ended June 30, 2021.
"Our operating strategy continues to deliver strong customer and financial growth despite an operating environment that has yet to return to normal," said Tom Rutledge, Chairman and CEO of Charter. "And the opportunity at Charter is what it has always been — to continue to create customer relationships with our high-quality connectivity services, delivering value for consumers and our shareholders over time."
1. | Adjusted EBITDA and free cash flow are non-GAAP measures defined in the "Use of Adjusted EBITDA and Free Cash Flow Information" section and are reconciled to net income attributable to Charter shareholders and net cash flows from operating activities, respectively, in the addendum of this news release. |
Key Operating Results | ||||||||||||
| | Approximate as of | ||||||||||
| | June 30, 2021 (a) | | June 30, 2020 (a) | | June 30, 2019 (a) | ||||||
Footprint (b) | | | | | | | ||||||
Estimated Passings | | 53,884 | | | 52,714 | | | 51,619 | | |||
| | | | | | | ||||||
Customer Relationships (c) | | | | | | | ||||||
Residential | | 29,660 | | | 28,496 | | | 26,755 | | |||
SMB | | 2,104 | | | 1,980 | | | 1,902 | | |||
Total Customer Relationships | | 31,764 | | | 30,476 | | | 28,657 | | |||
| | | | | | | ||||||
Residential | | 299 | | | 751 | | | 164 | | |||
SMB | | 33 | | | 4 | | | 39 | | |||
Total Customer Relationships Quarterly Net Additions | | 332 | | | 755 | | | 203 | | |||
| | | | | | | ||||||
Total Customer Relationship Penetration of Estimated Passings (d) | | 58.9 | % | | 57.8 | % | | 55.5 | % | |||
| | | | | | | ||||||
Monthly Residential Revenue per Residential Customer (e) | | $ | 112.85 | | | $ | 110.82 | | | $ | 112.20 | |
Monthly SMB Revenue per SMB Customer (f) | | $ | 166.28 | | | $ | 166.06 | | | $ | 170.42 | |
| | | | | | | ||||||
Residential Customer Relationships Penetration | | | | | | | ||||||
Single Play Penetration (g) | | 45.7 | % | | 44.0 | % | | 42.4 | % | |||
Double Play Penetration (g) | | 32.7 | % | | 31.7 | % | | 28.8 | % | |||
Triple Play Penetration (g) | | 21.6 | % | | 24.3 | % | | 28.8 | % | |||
| | | | | | | ||||||
% Residential Non-Video Customer Relationships | | 48.0 | % | | 45.1 | % | | 40.9 | % | |||
| | | | | | | ||||||
Internet | | | | | | | ||||||
Residential | | 27,722 | | | 26,313 | | | 24,244 | | |||
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