TWC has first quarter of positive video net additions since 2009

Best Ever Overall Subscriber Performance, Including First Quarter of Positive Video Net Additions Since 2009

NEW YORK — Time Warner Cable Inc. (NYSE:TWC) today reported financial results for its first quarter ended March 31, 2015.

Residential video net additions in the quarter were 30,000 – the first positive quarterly net additions since the first quarter of 2009.

Residential video revenue decreased primarily due to a year-over-year decline in video subscribers (despite positive video subscriber net additions in the first quarter of 2015), partially offset by an increase in average revenue per subscriber primarily as a result of price increases and higher premium network revenue.

Residential Subscribers

                                                   2014    2015
                         ------------------------------  ------
                             1Q      2Q      3Q      4Q      1Q
                         ------  ------  ------  ------  ------
Video                    11,163  11,011  10,827  10,789  10,819
  Net adds                 (34)   (152)   (184)    (38)      30

Digital video recorder    4,722   4,674   4,551   4,505   4,480
  Net adds                    1    (48)   (123)    (46)    (25)
  Penetration             52.1%   51.5%   50.8%   50.2%   49.1%