Time Warner Cable Thursday said its fourth quarter revenues were $4.8 billion, an increase of 5.9 percent from a year ago, but said it continued to lose subscribers in the quarter, 141,000 residental video subscribers dropped their service in the quarter, continuing a blood letting that has assailed the cable industry.
The company said it continued to add high-speed data and digital phone subscribers.
TWC said residential subscription revenue growth was driven by increases in high-speed data, video and voice revenues. The growth in residential high-speed data revenues was the result of growth in high-speed data subscribers and, to a lesser extent, increases in average revenues per subscriber (due to both price increases and improved subscriber mix). Residential video revenues increased as a result of increases in average revenues per subscriber (due to price increases, improved subscriber mix and increased DVR service revenues), partially offset by a decline in video subscribers.
Verizon Tuesday said it had seen an increase of some 182,000 FiOS TV subscribers, and AT&T Thursday said it had increased its U-verse IPTV subscriptions 246,000.
- see this release
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