Cablevision adds 4,800 digital video customers in 4Q09

Thursday, February 25th, 2010 
Cablevision logo

BETHPAGE, N.Y. — Cablevision Systems Corporation (NYSE:CVC) today reported financial results for the fourth quarter and full year ended December 31, 2009.

Cable Television

Cable Television fourth quarter 2009 net revenues increased 5.2% to $1.324 billion, AOCF rose 11.1% to $553.6 million and operating income increased 22.5% to $359.4 million, each compared to the prior year period. The fourth quarter 2009 increases in net revenues, AOCF and operating income were principally driven by the growth in digital video, high-speed data, and voice customers as well as higher rates.

The fourth quarter 2009 results reflect:

  • Basic video customers down 2,800 or 0.1% from September 2009 and down 45,100 or 1.5% from December 2008
  • iO: Interactive Optimum digital video customers up 4,800 or 0.2% from September 2009 and 55,900 or 2.0% from December 2008
  • Optimum Online high-speed data customers up 45,700 or 1.8% from September 2009 and 112,500 or 4.6% from December 2008
  • Optimum Voice customers up 51,400 or 2.6% from September 2009 and 174,400 or 9.3% from December 2008
  • Revenue Generating Units up 99,100 or 0.9% from September 2009 and 297,700 or 2.9% from December 2008
  • Cable Television RPS of $144.03, up $3.00 or 2.1% from the third quarter of 2009 and up $9.18 or 6.8% from the fourth quarter of 2008.

Revenue Generating Units (in thousands):

                             December  September   December
                             31, 2009   30, 2009   31, 2008
                            ---------  ---------  ---------
Basic Video Customers           3,063      3,066      3,108
iO Digital Video Customers      2,893      2,888      2,837

More: Earnings Releases