Time Warner Cable adds 102k digital video subscribers in 1Q10

NEW YORK — Time Warner Cable Inc. (NYSE: TWC) today reported financial results for its first quarter ended March 31, 2010.

Subscriber Metrics

Primary Service Units (“PSU”) increased by 276,000 to 26.6 million. Double and Triple Play Subscribers increased by 82,000 and 73,000 in the first quarter, respectively, and bundled subscribers totaled 8.5 million, or 58.2% of total customer relationships as of March 31, 2010.

(in thousands)                          Net
                           12/31/09  Change  3/31/10
                           --------  ------  -------
Video subscribers            12,859    (42)   12,817
Digital video subscribers     8,866     102    8,968

Subscribers (in thousands):

                                                   2008                            2009    2010
                         ------------------------------  ------------------------------  ------
                             1Q      2Q      3Q      4Q      1Q      2Q      3Q      4Q      1Q
                         ------  ------  ------  ------  ------  ------  ------  ------  ------
Video                    13,306  13,297  13,266  13,069  13,105  13,048  12,964  12,859  12,817
Digital video             8,283   8,483   8,607   8,627   8,748   8,802   8,810   8,866   8,968
Digital video recorder    3,627   3,787   3,937   4,017   4,147   4,236   4,293   4,398   4,509
High-definition capable   3,418   3,769   4,122   4,426   4,812   5,070   5,295   5,545   5,827

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