Time Warner Cable (NYSE: TWC) made good on promises that it would finish the year in the black with video customers, adding 32,000 pay-TV subscribers for the year.
In all, the operator said 2015 was its best year ever for customer growth, with broadband subscription additions pushing total customer growth to 618,000 for the year. This comes after TWC gained 30,000 residential video subscribers in the first quarter and lost 45,000 in the second quarter and 7,000 in the third quarter.
"Ordinarily we wouldn't announce subscriber results until our earnings release, but given our results, I couldn't wait to thank the team for its outstanding performance," said TWC Chairman and CEO Rob Marcus.
"We're especially pleased that we were able to add residential video customers for the first time in nine years – a real milestone for our company and the industry," he added.
Marcus has been touting the full-year growth in video subs milestone in recent appearances with investors. He said the growth is the result of operational and technology improvements made by TWC -- upgrades, he added, that are trumping the impact of cord cutting.
For more:
- read this press release
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