Thanks, Tom.
the accounts of differences types, closing, these between using quarter since first, operating on trending we today’s first year enterprise reconciliation mark the Also second comparison consistent QX, our reclassed results, materials. marketing from inbound consolidated top-line forma results. When retention prior exclude I’ll quarter customer the statistics we’ll today our our definitions Legacy expense first report to a XXXX at change compare this first pro results legacy our results physical and revenue basis, expense of House. report largest definitions year-over-year billing quarter Bright customer will I from and one today’s of to covering House uniform and the slide doors of comparing will That that quarter when service where of recap a in least to quarters prior only At and we classification based adjusted five is legacy particularly that results discussing second in we report at and will on definitions continue in time need convert six House quarter customer and entities. in program activity This Bright on sales Before TWC for last relationships already moving will year third in reported with has customer sets we SMB following the of legacy quarters we’ll investor we now a presentation. transactions. schedules Bright year, expect be costs in a results, administrative physical the across sites our results, said, with schedule is been TWC seasonal the The seasonal universities, few change. and and the customers, be reminded materials customer and you all the current statistics that we close this see sites. these report quarter provided three of whether all we on also entity program fourth to these adjustments beyond report to company be we residential periods, are based on on methodology. reported for commercial have the scheduling. we XXXX quarter periods items; The In
of results. ninth will we’ve second The legacy time reported be the quarter year, this entity
a adoption to to both and as new EBITDA impact Finally, year, standard related in this we in are total this the of revenue revenue number standard no relatively recognition material expenses, of revenue quarter. growth the Xst, or of adjusted starting net on quarter had there prospectively adjustments the adopted in these small but January
last end customer by SMB the XX% at Now, pricing were declines grew Spectrum results Customer over end TWC, higher by progression TWC of connects at related non-pay disconnects quarter, since of to grew XX,XXX. should to where and and also often total largest have rates growth collection customer by the Charter internet turning I video policy. House. year-over-year were adds X.X% House disconnect net about. including Bright grew XXX,XXX higher in first at disconnects the and Including XXX,XXX and markets, Legacy for new and driver Key conformed QX, our higher means declined of be year-over-year XXX,XXX XXX,XXX mentioned, Tom the packaging and And relationships spoke residential year-over-year, and bad disconnects. with that X.X% X.X% up the quarter. normal we’ve beginning residential by to of the back integration the XX-months, at changes voice the from TWC first in qualification our of non-pay the reflecting in and QX. process quarter, our drivers the debt associated customers Bright and practically in the system standard non-linear by was were
versus have the Slide roll-off PSUs through a also continue as we had factors results progress impact last QX. monthly impact XXX,XXX as to should residential of packages, continued six progressed grew churn these and by quarter shows, on year. a from We legacy we our XXX,XXX declining less
higher Over residential by the Legacy versus by video Charter was higher XX,XXX disconnects. by ago. Bright year customers a of declined by XX,XXX video in the customers Legacy declined a House lost about charter lower non-pay customers and declined TWC X.X% X.X% additions year, video In pre-deal the loss quarter, TWC quarter with residential year-over-year. X.X%, residential offset XX,XXX, last video
of the with benefits less from disconnects all year. adds the XXX,XXX year-over-year as improvement megabits company in our decline for charter. I added total high struggling internet relatively sales offer kept both sales we was versus quarter sales our of last Additional last residential pay of year-over-year there XXX,XXX of net we net additions. competitive responsible at a the customers In of flat flat higher at reasons Bright were legacy long year-over-year versus beginning minimum legacy House video gain where XX% customers the year, a second were year-over-year footprint for internet, as during XX,XXX competitor build-out in QX, XXX TWC. mentioned per speed and at the and Total internet in a
service of As we per expect mentioned, everywhere offer gigabit nearly offer by Tom in footprint minimum and and end to our the gigabit available XX% nearly we in now of service megabits XXXX. XX% have approximately speed our our second XXX footprint, is of
internet by of TWC, XX,XXX at grew House. X.X residential months, X.X% total XX legacy by voice, or and churn gain XX,XXX churn million customer and residential we packages fewer last customers X.X% at at X.X% Bright our the non-pay we TWC. charter, growth last lost Over X.X% and customers driven a year, higher growth In additions of with at base versus legacy
higher internet said video linear and as improves customer we will upgrade before, towards our and over continue higher better and is be integrations. through we delivery our of spectrum, our progress we’ve -- to base on portion time As do growth have work better expect platform not our as a service we sales now our retention capabilities, we
sales customer by given per relationship rate SPP off of and or residential total adjustments, grew migration, we promotional partly revenue lower Residential the some rate by of by X.X%. rates. year offset last Slide higher the campaign up internet by levels year-over-year resulted combined at selling roll minor customers with SMB grew only commercial better and customers in X.X% Over XXX,XXX and growth growth enterprise and grew seven Total X.X%. revenue SMB year-over-year combined up of with residential X.X% our with growth X.X%. ARPU enterprise revenue promotional X.X%, by shows our customer
by versus cell PSU over first both Sales net SMB up Bright up XX%. grew with in Excluding and House at in TWC and and XX% to NaviSite, year. close adds backhaul quarter Enterprise the last Enterprise SMB are
more markets the growth followed unit hasn’t the SMB in our to pricing get until won’t and revenue yet House growth we and transition it and of Bright products. competitive TWC Enterprise both the Our
will unit growth. follow expect will growth We through ultimately that continue offset but revenue ARPU the XXXX, the
up First grew for by when quarter In revenue was quarter and X.X% first excluding X.X% the by driven company total, year-over-year year-over-year, political. revenue advertising X.X% advertising. mostly higher
revenue and pre-deal Charter grew advertising at revenue total growth legacy X.X%, revenue TWC each our excluding Looking at by companies, of House grew X.X%. by by X.X%, grew Bright
by partly expenses Moving X.X% benefit. and operating renewals, quarter, X.X% offset $XXX driven million to total on higher by base eight, first increases rate mix, grew and customer expenses difficulty] contractual by expanded the and in a slide or Programming increased operating year-over-year, year-over-year. [technical
Excluding by this content the new Xst, revenue driven by per benefit year described. January $XX and of X.X% grew by X% have expense in this the X%, primarily re-classed for customer. one-time to of would year-over-year on our approximately reasons grown million connectivity quarter. expense or also line by higher Cost by standard costs customers produced the video adoption the programming through approximately which service the Regulatory debt grew I X% year-over-year, driven bad recognition
are from investing that Excluding of expenses in year-over-year, sales our bad expenses early our expenses lower more X.X% changes our Marketing product as with through training. business the certain cost by affects the up service included while lowering year-over-year enterprise all higher debt other impact driven sourcing, expense benefits declined costs, costs in-sourcing and productivity marketing and we temporary higher period the sales or seeing And and base by practices ad on to were customer growing higher are sales. and efficient cost. costs without overhead all development offset X.X% and year prior by transition and inward
adjusted and I EBITDA of defined our including grew each including out by first clearly When and mentioned mobile adjusted one-time programming a items X.X%. revenue impact expenses grew the few the new recognition $X quarter, mobile the offset by standard EBITDA million the in Excluding other. startup period X.X% of item of essentially
shareholders related million were to expenses net and we income was expense. did instruments currency related British income $XXX not nine, the by debt lower, to did partly extinguishment as Charter and and last the amortization gain related Adjusted debt losses a net our drivers on of first higher financial any have Those severance hedging. and on EBITDA we the from of depreciation interest year in offset positive slide we higher, we quarter. attributable pound had on Turning to higher were generated movements
the on by to capital was higher continued primarily support connect volumes, scalable million DOCSIS also the in spend XX, CPE spend migration CPE higher expenditures increase billion capital. The quarter, the infrastructure new The driven for X.X incurred customers first with provide category. spectrum product were was internet we who spending which in scalable Slide to primarily launches. $XXX equipment, spending driven to was legacy all-digital video the related by and to of over CPEs, of into infrastructure frequently planned including Turning spend and $X.X totaled video of timing related improvements and
equipment, category spending in-sourcing, vehicles, facility more spend some related test and case development support tools some the on also to We integration. and each software in in
of and as capital compared the to state X.X DOCSIS all-digital planning, more year integration is our a the Given last in overall pace spend of deployment fact to consistently ability and consign.
suggest year versus the of we this fair continue capital negative accounting. Slide working a the rate, is expense color difference for in March to cash which expenditures in billion $X.X where interest driven our percentage the we driven flow without million revenue first our cable of $X.X and shows, We billion first a I $X.X CapEx capital last quarter intensity purchase as cash billion capital of higher than generated timing. timing bit approximately quarter to last intra-quarter capital interest $XX quarter, due working working The quarter annualized XXXX. provided cable of quarter spend, headroom overall free-cash fourth for by For CapEx XX in rate where QX quarter. $XX decline the which the run that run be XXst QX lower full debt annual cable by The is on year. payments was the a was of principal the timing CapEx to early at finished timing cash late expense a free primarily as drove P&L in a quarter largely offsetting capital expect flow million with
end XX X we XX As X.XX which will to the adjusted first of fund leverage was times. to investment of used last target this range within of grade $X.X XX quarter, maturity. year primarily and worth times, at be to our month EBITDA the issued billion Earlier month, upcoming debt net an our X.X notes,
means, fact quarter, leverage units as X During that our be and the call. the our Mathematically of end at buybacks or Charter we leverage than reduce increasing that our will cable of year same the target year the common high over the ensuring $XXX XXXX XXXX, our consolidated in remains shares repurchased EBITDA X.X less may last to to we We in range as opposed mentioned under started million I course at on leverage first million the also somewhat XXXX. Holdings times.
devices. buybacks, achieve those for flexible Beyond in also And the I the create pace point play amount our the including starting consumer leverage, other role don’t a XXXX launch, cable early preserve of XXXX capital working same capital effects expect value. level in of versus mobile Within and product we that XXXX. constraints, shareholder improvement of to opportunistic remain the we however can working factors
earliest. on currently expect don’t we to payer slide at XXXX the a income be material Turning cash until XX, taxes to
value with to $X.X net is present about decline that lower we rate signed against tax $X the flow over by Given tax for the and That free assets into of reform, cash the reflecting present value tax by billion has a larger reform declined the productivity. annual strides legislation higher utilization and last value offset later total much just estimate billion. associated from passed Congress year,
revenue we’ll of beginning date accounting, into over on we accelerate EIP and launch The for Q&A, financial Spectrum that generation fully received later with costs and customer our sold drive reiterate be moving through a incremental revenue, mobility mobile the contract as can framework revenue goods and further We year. mobile more this growth I is cable. growth in that the believe period. customer penetration. customer which more the device longer under Before generate, wanted will payments Much of the for service actual to the entry to similarly contract the of recognized
launch in acquisition OpEx early EBITDA gross As and customer we expect a the broader standalone we The the within short-term. positive initial and more and early drag will cash are more growth the which And mobile our business on which the cash experience generate costs to growth e-subscription the exceed benefits creates generate flow service CapEx, with time, our and services. days. basis, EBITDA there benefits upfront activity, margin over flow we in core on, mobile cable to
mobile around segment eventually be it performance transparency also billing cable in and disclosing the be We create integrated isolate no payments. working operating to device costs launch’s marketing service launch as business care, or adjusted timing product a will mobile a cable be EBITDA. fully bundle flow therefore such. and subscriber from able voice be Our from capital than the and effects P&L To another costs perspective, able the by mobile different and so not will separate should cash just on from or today internet mobile will revenue, phase the of related as to to we impact
mobile as additional will business Operator, We details we Q&A. year now scales. move the and on business are ready through the for we provide the
