Time Warner Cable video subscribers down 191 thousand in 2Q 2013
Wednesday, August 7th, 2013Time Warner Cable announced new versions of its popular TWC TV product for the Roku Streaming Player, Samsung Smart TVs and Microsoft’s Xbox. These new apps are designed to enable customers to enjoy Time Warner Cable’s video product on millions of customer-owned devices
NEW YORK — Time Warner Cable Inc. (NYSE: TWC) today reported financial results for its second quarter ended June 30, 2013.
Residential video revenue decreased driven by declines in video subscribers and transactional video-on-demand revenue, partially offset by price increases and a greater percentage of subscribers purchasing higher-priced tiers of service.
Residential (in thousands):
2011 2012 2013 ------------------------------ ------------------------------ -------------- 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ Video Subscribers 12,191 12,067 11,939 11,889 12,468 12,299 12,159 12,030 11,911 11,720 Net additions (66) (130) (128) (129) (94) (169) (140) (129) (119) (191) Digital Video Recorder Subscribers 4,672 4,625 4,590 4,654 5,039 5,075 5,083 5,124 5,072 4,950 Net additions 42 (47) (35) 53 92 36 8 41 (52) (122) Penetration 51.7% 51.2% 51.1% 51.8% 52.2% 52.8% 53.4% 53.9% 53.6% 52.9% [Digital Video Subscribers* 9,037 9,033 8,982 8,985 9,653 9,612 9,519 9,506 9,463 9,357
* Digital Video Recorder subscribers divided by DVR penetration(5).]
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