Charter 2014 Annual Report Download - page 5

By completing our all-digital initiative in 2014
as planned, we have unleashed the full
capability of our high-capacity two-way interac-
tive network. We now have the bandwidth to
offer more advanced products and services
to existing and future customers, including our
new product suite, Charter Spectrum, which has
been launched across our entire footprint.
Charter Spectrum delivers a video product with
more HD channels than satellite, with full Video
On Demand functionality on every video outlet
in the home. Our Internet product is faster than
the competition in the vast majority of our foot-
print, with a minimum speed offering of 60 Mbps.
And over time, our Internet speeds will get much
faster. We combine these superior video and
Internet products, with a fully featured voice
product, and sell them together at a highly
competitive price point.
That value-rich product offering, combined with
our growing service capabilities, is driving our
customer and market share growth. We added
291,000 new residential and business customers
in 2014, increasing our customer base by 4.9%
over 2013. We now reach more than 6.2 million
homes and businesses with our services. In turn,
our revenue and Adjusted EBITDA1 growth
accelerated through the year. Revenue of $9.1
billion and Adjusted EBITDA of $3.2 billion each
rose 8.2% on a pro forma2 basis, year over year.
As we begin 2015, we remain focused on three
key areas: execution of our market share growth
strategy, the contin-
ued improvement and
development of our
products and services,
and closing and inte-
grating the transac-
tions we announced
with Comcast in April
of 2014.
DEAR SHAREHOLDERS,
THOMAS M. RUTLEDGE President and Chief Executive Officer
Revenue (in millions)
Pro forma for certain acquisitions as if
they occurred on January 1, 2012.
201420132012
$9,108
$8,419
$8,017
O
ff
icer
Charter Communications 2014 Annual Report3