Cablevision adds 4,800 digital video customers in 4Q09
Thursday, February 25th, 2010BETHPAGE, 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
Latest News
- Netflix posts first quarter 2024 results and outlook
- Graham Media Group selects Bitmovin Playback
- Dialog, Axiata Group, Bharti Airtel agree on merger in Sri Lanka
- Yahoo brings identity solutions to CTV
- Plex has largest FAST line-up with 1,112 channels
- TV3 migrates from on-prem servers to AWS Cloud with Redge