Time Warner Cable residential video subscribers down 45,000 in 2Q 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%