Time Warner Cable video subscribers down 152,000 in 2Q 2014

Residential video net declines of 152,000 – best second quarter in three years

NEW YORK — Time Warner Cable Inc. (NYSE: TWC) today reported financial results for its second quarter ended June 30, 2014.

Residential Services revenue increased as a result of an increase in high-speed data revenue, partially offset by decreases in video and voice revenue.

• Residential video revenue decreased primarily due to a year-over-year decline in video subscribers, partially offset by an increase in average revenue per subscriber as a result of price increases.

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      2Q
                         ------  ------
Video                    11,163  11,011
  Net adds                 (34)   (152)

Digital video recorder    4,722   4,674
  Net adds                    1    (48)
  Penetration             52.1%   51.5%