Charter’s video subscriber numbers
Now let’s have a look at Charter Communications’ (CHTR) performance in terms of residential video customer net additions. Wall Street analysts expect Charter to see a net loss in its total number of residential video customers in the first quarter of 2019, as the company has continued to face intense competition from OTT (over-the-top) services.
In 2018, on a net basis, Charter lost 296,000 residential video customers compared to its loss of 301,000 customers in 2017. The company’s number of residential video subscribers had declined ~1.8% year-over-year to 16.1 million as of December 31, 2018.
Millions of users have already swapped their traditional pay-TV services for OTT services, which provide content to consumers via the Internet at lower rates than the high prices that are charged for cable or satellite connections.
Amazon’s Prime Video, Netflix (NFLX), and Hulu are the leading providers of OTT services. In 2018, Netflix gained 28.6 million subscribers worldwide.