Charter Reports Surprise Gain in Video Subscribers

Charter Communications (NASDAQ: CHTR) surprised investors when it reported 94,000 net video subscriber additions for the second quarter. Charter had lost video subscribers in 15 of the last 16 quarters, the lone standout being a net addition of 15,000 subscribers in Q4 2017.

While Charter added subscribers, its peers AT&T (NYSE: T) and Comcast (NASDAQ: CMCSA) lost hundreds of thousands last quarter. AT&T reported a decline of 954,000 subscribers and Comcast lost 477,000.

Charter has consistently lost fewer subscribers relative to its peers during the last couple years. Last quarter, however, was a drastic divergence from the rest of the industry. Here's what's going on at Charter and whether investors can expect the subscriber gains to keep coming.

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Source Fool.com