TWC residential video subscribers up 21,000 in 1Q 2016
Thursday, April 28th, 2016Video net additions of 21,000
- 2.6 million new set-top boxes, digital adapters and advanced modems deployed
NEW YORK — Time Warner Cable Inc. (NYSE:TWC) today reported financial results for its first quarter ended March 31, 2016.
Residential Services
Growth in residential video revenue was the result of an increase in average revenue per subscriber and growth in video subscribers. The increase in average revenue per subscriber was primarily the result of growth in video equipment rental and premium network revenue, partially offset by lower transactional video-on-demand, programming tier and DVR service revenue.
Residential Subscribers
2015 2016 ------------------------------ ------ 1Q 2Q 3Q 4Q 1Q ------ ------ ------ ------ ------ Video 10,819 10,774 10,767 10,821 10,842 Net adds 30 (45) (7) 54 21 Digital video recorder 4,480 4,454 4,403 4,408 4,392 Net adds (25) (26) (51) 5 (16) Penetration 49.1% 47.6% 46.5% 45.9% 45.2%
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