Why Charter Believes Video Subscriptions Could Turn Around
Charter Communications’ (CHTR) residential video customer total fell ~1.8% YoY (year-over-year) to 16.2 million on June 30. In the second quarter, Charter lost net 73,000 residential video customers compared to 91,000 losses in the second quarter of 2017. This reduction in video customers was driven by rapid growth in the over-the-top (or OTT) video viewing trends.