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.