Time Warner Inc. Reports First-Quarter 2008 Results

Wednesday, April 30th, 2008
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NEW YORK — Time Warner Inc. (NYSE:TWX) today reported financial results for its first quarter ended March 31, 2008.

CABLE (Time Warner Cable)

Revenue generating units (“RGUs”) reached 33.0 million, reflecting a robust 896,000 net additions. Driving this increase was strong growth across all RGU categories – including the best quarterly basic video net additions (55,000) since the first quarter of 2006. Customer relationships totaled 14.7 million, with 96,000 net additions. Triple Play subscribers surpassed 2.6 million (or 18% of total customer relationships), benefiting from a record 247,000 net additions.

(in thousands) 3/31/08 12/31/07 Net
Digital video subscribers(1) 8,283 8,022 261
Digital video penetration(2) 62.3% 60.5 N/A

(1) Digital video subscriber numbers reflect billable subscribers who receive any level of video service via digital technology.
(2) Digital video penetration represents digital video subscribers as a percentage of basic video subscribers.

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