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06/27/2016
New Charter expected to lose 40,000 video subs, gain 248,000 broadband subs in solid Q2 performance
New Charter, the newly formed cable behemoth combining Charter, Time Warner Cable and Bright House Network, is expected to have a messy second-quarter due to integration. But at least one analyst firm is expecting a solid performance from the company and an improvement over the year-ago quarter.
In a new research note, UBS analysts predicted New Charter's second-quarter quarterly revenue growth will hold fairly stable at 6.8 percent and that the company will lose 40,000 residential video subscribers (compared to 74,000 in the year-ago quarter) and will add 248,000 residential broadband subscribers (compared to 244,000 in the year-ago quarter.
"We expect net subscriber adds to show normal seasonal pressure but improve [year-over-year] given issues at telco competitors," UBS analysts wrote in a research note.
