Time Warner Cable residential video subscribers down 45,000 in 2Q 2015
Thursday, July 30th, 2015
NEW YORK — Time Warner Cable Inc. (NYSE:TWC) today reported financial results for its second quarter ended June 30, 2015.
Residential video net subscribers declined 45,000 in the quarter – the best second quarter since 2008.
Residential video revenue decreased due to a year-over-year decline in video subscribers, partially offset by an increase in average revenue per subscriber primarily as a result of price increases, higher transactional video-on-demand revenue (due to the May 2015 Mayweather vs. Pacquiao fight) and growth in premium network revenue.
Residential Subscribers
2014 2015 ------------------------------ -------------- 1Q 2Q 3Q 4Q 1Q 2Q ------ ------ ------ ------ ------ ------ Video 11,163 11,011 10,827 10,789 10,819 10,774 Net adds (34) (152) (184) (38) 30 (45) Digital video recorder 4,722 4,674 4,551 4,505 4,480 4,454 Net adds 1 (48) (123) (46) (25) (26) Penetration 52.1% 51.5% 50.8% 50.2% 49.1% 47.6%
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