Charter Communications Q4 Loss Widens - Quick Facts

(RTTNews) - Charter Communications, Inc. (CHTR) Thursday reported a loss for the fourth quarter that widened from last year as higher revenues were more than offset by an increase in expenses.

Fourth-quarter net loss was $122 million or $1.09 per share, wider than loss of $48 million or $0.44 per share last year.

The increase in net loss was driven by $231 million of interest expense related to the financing of Charter's pending transactions with Time Warner Cable and Bright House, offset by higher income from operations and lower income tax expense.

However, total revenues for the quarter increased 6.4 percent to $2.51 billion from $2.36 billion last year, driven primarily by growth in Internet, commercial and video revenues.

Residential customer relationships increased by 82,000 during the quarter, compared to 67,000 during the fourth quarter of 2014.