Mediacom grows revenue 4% in Q1 on surging broadband, business services sectors

Mediacom ended Q1 with around 832,000 pay-TV users.

Mediacom continued to post strong revenue performances in the areas of high-speed internet and business services, with overall revenue increasing by 4% in the first quarter to $462.7 million. 

High-speed internet revenue spiked 12.9% in the quarter across the New York-based mid-sized cable operator’s two divisions, with its broadband customer base increasing by 17,000 during the period, compared to 29,000 in the first quarter of 2016.

Revenue from business services was up 7.6% to nearly $60 million. 


Like this story? Subscribe to FierceVideo!

The Video industry is an ever-changing world where big ideas come along daily. Cable, Media and Entertainment, Telco, and Tech companies rely on FierceVideo for the latest news, trends, and analysis on video creation and distribution, OTT delivery technologies, content licensing, and advertising strategies. Sign up today to get news and updates delivered to your inbox and read on the go.

HSI and business services also drove a 5.2% revenue increase for Mediacom in the fourth quarter. 

RELATED: Mediacom drives 5.2% revenue bump on broadband, biz services

Like most small and mid-sized cable companies, Mediacom continues to see video service fade in relevance to its bottom line. The company shed 3,000 more pay-TV users in the first quarter, even though revenue remained largely flat in video services at nearly $200 million.

Mediacom ended Q1 with around 832,000 pay-TV users, compared to 853,000 at the end of the first quarter of last year. 

Revenue from providing residential landline telephone service was down 1.9% year over year, with telephone customers increasing by 15,000 in the first quarter. 

Advertising revenue was down nearly 29%, with the negative comparison to 2016, an election year. 

Mediacom is not a publicly traded company, reporting earnings conditionally to creditors. The company doesn’t conduct a conference call with analysts.

Suggested Articles

Verizon Media is adding new machine learning-enabled tools to its demand side platform (DSP) to give advertisers more clarity into ad performance across…

SAN FRANCISCO – In the middle of an uncharacteristic early June heat wave in the Bay Area, several key figures from the television industry gathered in the…

Broadcast television isn't going to die anytime soon, but it is sitting on a powder keg that threatens its existence. Platforms like Didja and Locast see…