Time Warner Cable video subscribers down 34,000 in 1Q 2014
Thursday, April 24th, 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%
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