Time Warner Cable video subscribers down 34,000 in 1Q 2014

Residential video net loss of 34,000 – least in five years

NEW YORK — Time Warner Cable Inc. (NYSE:TWC) today reported financial results for its first quarter ended March 31, 2014.

Residential Services revenue declined as a result of decreases in video and voice revenue, partially offset by an increase in high-speed data revenue. Residential video revenue decreased primarily due to a year-over-year decline in video subscribers.

Residential Subscribers

                                                           2013
                         --------------------------------------
                             1Q      2Q      3Q      4Q      FY
                         ------  ------  ------  ------  ------
Video                    11,911  11,720  11,414  11,197  11,197
  Net adds                (119)   (191)   (306)   (217)   (833)

Digital video recorder    5,072   4,950   4,756   4,721   4,721
  Net adds                 (52)   (122)   (194)    (35)   (403)
  Penetration             53.6%   52.9%   52.2%   52.0%   52.0%

                           2014
                         ------
                             1Q
                         ------
Video                    11,163
  Net adds                 (34)

Digital video recorder    4,722
  Net adds                    1
  Penetration             52.1%