Insight Announces First Quarter 2008 Results
Thursday, May 15th, 2008NEW YORK — Insight Communications Company today announced financial and operating results for the quarter ended March 31, 2008.
Total Revenue Generating Units (“RGUs”) of 1,709,800 at March 31, 2008, an increase of 254,100, or 18%, from March 31, 2007, and total RGU net additions of 83,200 comprising:
- Basic customer net gain of 15,100, 2.2% growth in basic customers during the quarter, and an increase of 2,500 from Q1 2007 net gain of 12,600. Total basic customers at quarter end were 689,000, representing 5.7% growth in basic customers from March 31, 2007.
- HSI customer net gain of 26,300, an increase of 3,200 over net additions in Q1 2007. Total HSI customers at quarter end were 412,200, a penetration of 32% of HSI homes passed.
- Digital customer net gain of 16,300. Total digital customers at quarter end were 396,900, a penetration of 60% of the company’s digital universe.
- Telephone customer net gain of 25,500, compared to net additions in Q1 2007 of 10,500. Total telephone customers at quarter end were 211,700, a penetration of 19% of the company’s telephone universe.
Operating Statistics (in thousands)
Digital Cable Q1 Q4 Q1 2008 2007 2007 ----- ----- ----- Digital Universe 662.2 645.6 624.7 Digital Customers 396.9 380.6 344.0 Digital Cable Penetration 59.9% 59.0% 55.1%
More: Earnings Release
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