Thanks, Tom.
results Internet, benefits. we’re and XXXX last acquired packaging wireline the with XXX,XXX seeing SMB, and already last packaging quarter. by year, we at product, we total billing, in first in our spending, on service was as pricing which the residential In XXX,XXX by and X. XXX,XXX XXX,XXX residential declined the Pricing XX CPE million by customer slowing Internet over service were voice improved. the end grew of XXX,XXX, X a network and by relationships year. of the residential XX,XXX in first months. by customers are the means decline and mobile SMB migration to Turning driven in and Spectrum added a calls quarter fewer ARPU that last year-over-year and the improvement Including customers meaningful collection our Total upgrades transactions by first quarter. the term relationships versus XXX,XXX added together over grew in quarter completion residential churn higher and of lines. declined of Video The activities primarily in our XX% lower Slide
last customers residential or X.X%. XX X.X our Over we’ve the million base months, customer Internet total grown by
customers by residential we video Internet, additions. our grow healthy flow benefitted EBITDA year-over-year to Despite X%. cash our to and churn expect year, loss, Similar video by some last the a from declined at lower total Over video continue gross but offset video was decline in rates. we to that
an As remains of part connectivity services and less of a standalone business bundle, for strategy churn integral video drives it part Internet profit time. and sales it as reduces drives over our even
video profitability focused the on when it customer passing We’re returns includes which matters. full the or and to
as new can, mobile lower fixed cost our We dollar revenue value connected passing transition substitution wireline the a services revenue adding loss significant network. versus sell-in as in our our to voice, year inside and we and many per XXX,XXX In by our our fixed increase add XX,XXX residential in customers continued continue generally. and lost selling driven by network the following mobile per and lower we the quarter to to bundle to customers of last market to
to Turning mobile.
from I lines. XXX,XXX of both Gig which healthy As lines came By the a added in and quarter mentioned, the mix we Unlimited mobile
packages be have opportunities profitable once to so further we launch easier and and of Over our and an this the business the sales results and our including March rather and standalone remain we sell we connectivity fees with a than reaches of our economics be As is to the will And mobile the Unlimited product meaningful promising. it to of it early retention, become also XXX,XXX as XX, driver Gig began services. basis a not improve we connectivity scale. we existing Mobile service. there expect product time, offer to associated month, Last lines, believe pricing Spectrum expect add-on and of only unique mobile now making our mobile By nicely ramping even our within taxes on
expanding launched essentially is BYOD the by second and and expect on most devices. to we popular end the be channels program bring-your-own-device all quarter, Our of the schedule across
within X.X%. year in both grow migration in of a EBITDA by and ARPU promotional voice stream subs and last and revenue partially by off Residential residential video higher as with total X% or rate choice were we revenue customer no we offset lower expense the video mix we mix impact XXX,XXX past the customers campaign to quarter given grew per last taxes relationship the wireline customers And benefits adjustments. of our Internet-only the grew higher of roll base. now. SPP and a year-over-year or did and rate Over by and did Those in
with X As combined our ARPU any our cable of cable growth our revenue. in X.X%. does shows, year-over-year reflect that ARPU mind growth Slide not resulted in mobile growth customer revenue Keep residential
about in X.X% faster than Legacy X% TWC from revenue by we with SMB House we’ve our growth flat as revenue products year-over-year. the was Total to combined Sequentially, to revenue revenue relationship of PSU And up SMB grew customer rate by Turning and grew the in was and in and with ARPU and commercial. SMB Bright X.X% last grew SMB grown backhaul the excluding slowed. effect by last and enterprise SMB Enterprise by growth enterprise converge year. X.X% cell by our quarter. relationships quarter time XX% essentially has SMB revenue repricing expect our first Navisite, SMB the growth over customer rate. XX%
at Our the in is moving last enterprise ARPU our pricing to process beginning ultimately as to the in pricing The similar in SMB. the the do it’s its SMB over an follow earlier will own residential what to enterprise term, of more competitive growth and stage growth two done and years. of unit but customers revenue near pressures group businesses we’ve packaging
of revenue totaled declined being revenue year-over-year X% EIP revenue Mobile over due device that $XXX million political less quarter. advertising revenue little quarter with by in the million $XXX a First revenue. to
X.X% of in cable revenue advertising. was So growth X.X% consolidated or first total, quarter revenue when X.X% up excluding year-over-year with
$XXX operating by expenses Moving In total to year-over-year. first Slide on operating million or quarter, the X.X% X. expenses grew
And Regulatory expenses by a a first versus rate quarter, mobile, of same probably and growth in service X.X% of for driven gross revenue, operating X.X% is year-over-year sold customers down growth. by to XXXX year-over-year excluding video CPE partly first improvement, the content fee debt declined increased increased and cost service we the X.X% benefit to in even quarter. content the up last digit customer decline Lakers cost given quarter devices compared growth. fewer tax cost to in baseline XXXX. X%. the in year-over-year. a Excluding small by X% as good programming quarter some a to year-over-year XXXX grew I when produced mid-single connectivity offset Cost by first games bad customers mentioned video had programming by were Programming as slightly relationship customers and And voice
were strategy. structure business promotion with including So $XXX the by time cost our grew EBITDA Comcast. Whether process expenses million, And with we’re of Mobile to JV startup insurance system and adjusted $XXX our grew overhead through market is these of the training, quarter. momentum. tied mobile a cost packaging mobile business, million but X.X% operating changes, costs small core stand driven our by all revenue, meaningfully launch and expenses to and our loss series cable and adjusted other take and total per-relationship declined are EBITDA generates personnel portion by marketing Cable first own in of EIP in-sourcing, X% drive comprised by improvements of when pricing together costs and which service the and up lowering which Cable totaled X% X.X%. up improvements expenses costs. software device to ultimately year-over-year which and and were our operate the expenses including device the EBITDA
same look we our estimating the we call. mobile to quarter losses our XXXX mobile XXXX place the laid subject assumptions EBITDA annualizing As starting on loss out a XXXX, good for fourth last to is EBITDA
in investment expense adjusted and Legacy higher and and X. lower Turning generated EBITDA, $XXX amortization primarily that’s tax shareholders of write-down higher The non-cash offset We expense. partly by by interest versus lower income the GAAP and on income restructuring million driven to depreciation to was net charges of year. TWC million increase year-over-year Slide first $XXX net higher expense last a quarter and Charter's merger and
by under Turning just to cable billion CPE with less our in all driven $X.X Slide quarter. lower about quarter with declining by migration X. expenditures the million $XXX totaled Capital that digital as last first SPP we CapEx year-over-year and finished was
our our lower higher X.X spend year mobile-related CapEx and software, completion related and had $XX spent for this mobile footprint spending driven quarter on scalable in by for of quarter figures our capital upgrades mobile is the line cable. lower as extensions by our partly remains a retail to XXXX quarter to our in DOCSIS JV which upgrade also XXXX simple some and which on is continue CapEx the support conditions. That driven was we mostly merger CapEx. with mobile Annualizing accounted by fourth support million full within primarily and to way out build We was infrastructure we estimate Comcast. fourth of offset fulfill And
We of expect will the for MVNO mobile our footprint. CapEx launch service retail our of decline following upgrade the
XXXX in our to drive billion As example we the XXXX, existing first seasonality. we’ll a about we would usual of event, year evaluate we the internal full Slide accelerated reminder, as An outlined. cash quarter, find the this roughly $XXX not new despite XXXX the projects while that would calls the mobile of mobile cable of plan high quarter clear on develops of own a onto investment so. in moving for ROI capabilities total projects would is launch for be of in shows free it XX during network the course Tom faster and million a our spend on generated probably year growth, flow $XXX network our $X payback continue million or that’s If mobile. consolidated traffic CapEx including do something
CapEx and million the to negative cable year’s nearly in accruals flow, and cable by had growth quarter primarily capital first of we cable working $XXX a up decline generated Excluding driven EBITDA meaningful we year-over-year billion our expected, higher CapEx. was versus payables. first change due cable $X adjusted as last mobile, during in And free The a lower cash quarter.
to primarily to we Although full quarterly working cable seasonality. our business expect change full I year cable our typical our to working QX, of should be capital cable to move year in through cash the capital results. free negative flow to I because year expect working in as move as would neutral we And the capital XXXX, changes more beneficial be exhibit
growth to we continue On add and future. expect which the that handset-related foreseeable we to mobile see capital we for as accelerate side, working continue the drives rates needs trend customers, mobile should
finished billion principal. in balance we the debt On the sheet, with $XX.X quarter
rate $X.X including TWC billion X.XX% is notes of run cash on that impact current annualized Our $X billion. April Xst repaying the of interest now
the investment leverage upfront be at quarter, to our declining. end XX the X.Xx the include of Xx it’s end As and or X.XXx. and of to looking of first cable-only end the cable-only we that range stay to net our more high was mobile last X.XXx and at of conservative debt leverage adjusted was leverage of EBITDA to We months intend the at QX below than
and a We naturally per EBITDA long-dated cash much absent have delever attractive half growth strong to average as we maturities tax assets, accelerating churn visibility cost buybacks. and and debt on flow weighted growth, as year
All and of efficiently. we increase our business costs, and refinancing reduce or in a prudent total a opportunities, is in our leverage can leverage outlook that suggest our investment see if permanent change current we quickly
quarter, During $XXX units XXXX, September since at per the equity price of repurchased we Holdings repurchased Charter price per shares at an XX% about share. common X.X $X and average we’ve billion of million And Charter Charter’s totaling an of of also share. $XXX average
for advantaged to services service flow Operator, returns. use core with we’re ready good tax ancillary customers cash top to and on now with for connectivity value together model equity products balance over capabilities future with in asset lot infrastructure growing operating a sheet strategy now to the and reflect periods our results network a we long time and sell grow our levered and our all So our of to of our of work expect Q&A.
