Time Warner Cable video subscribers down 38,000 in 4Q 2014
Thursday, January 29th, 2015Residential video net declines of 38,000
NEW YORK — Time Warner Cable Inc. (NYSE:TWC) today reported financial results for its fourth quarter and full year ended December 31, 2014.
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. The increase in average revenue per subscriber was primarily the result of price increases and higher premium network revenue (which, for the full year of 2013, was reduced by approximately $15 million of subscriber credits issued in the third quarter in connection with a temporary blackout of Showtime resulting from a dispute with CBS), partially offset by lower transactional video-on-demand revenue.
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 3Q 4Q FY ------ ------ ------ ------ ------ Video 11,163 11,011 10,827 10,789 10,789 Net adds (34) (152) (184) (38) (408) Digital video recorder 4,722 4,674 4,551 4,505 4,505 Net adds 1 (48) (123) (46) (216) Penetration 52.1% 51.5% 50.8% 50.2% 50.2%
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