Time Warner Cable residential video subscribers down 7,000 in 3Q 2015
Thursday, October 29th, 2015NEW YORK — Time Warner Cable Inc. (NYSE:TWC) today reported financial results for its third quarter ended September 30, 2015.
Residential video net declines were 7,000 – the best third quarter since 2006.
Residential video revenue decreased due to a year-over-year decline in video subscribers, as well as a decrease in average revenue per subscriber primarily the result of lower programming tier and transactional video-on-demand revenue, partially offset by growth in video equipment rental and premium network revenue.
Residential Subscribers
2014 2015 ------------------------------ ---------------------- 1Q 2Q 3Q 4Q 1Q 2Q 3Q ------ ------ ------ ------ ------ ------ ------ Video 11,163 11,011 10,827 10,789 10,819 10,774 10,767 Net adds (34) (152) (184) (38) 30 (45) (7) Digital video recorder 4,722 4,674 4,551 4,505 4,480 4,454 4,403 Net adds 1 (48) (123) (46) (25) (26) (51) Penetration 52.1% 51.5% 50.8% 50.2% 49.1% 47.6% 46.5%
Rob Marcus (Chairman & CEO): “In the first nine months of the year, we’ve deployed 2 million new set-tops, all of which run our cloud-based guide, 3.1 million high-definition digital adapters, and over 3 million advanced wireless gateways.”
“…where we’re headed is the ability of customers to access the complete video product without having to rent a set-top box from us, whether they use a Roku or they use ultimately another IP-enabled device.”
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