TWC's Q3 voice, Internet revenues up, while basic video falls

Time Warner Cable's earnings seem to reflect a common theme in the cable MSOs in the third-quarter: Internet and voice continue to grow amidst a loss of basic video subscriptions. Fellow cable MSOs Comcast and Cablevision reported similar trends in their respective third-quarter earnings reports. Although Time Warner Cable saw its basic video losses fell below analyst expectations, growth in voice and Internet more than made up for those losses.

During the third-quarter, Time Warner Cable reported it lost 84,000 basic video subscribers. This was steeper than the 65,000 subscriber loss Collins Stewart analyst Thomas Eagan expected for the third-quarter.

The stars of Time Warner Cable's third-quarter growth engine were Internet and phone service. The MSO reported that it brought on an additional 117,000 new Internet subscribers and 62,000 phone subscribers. Overall, high speed Internet revenue shot up 8 percent, while phone service revenue was up 14 percent in the third quarter.

For more:
- see the company earnings release here(pdf)
- Reuters also has this coverage

Related articles

Time Warner Cable brings DOCSIS 3.0 to the Big Apple
TWC brings video to the SMB
Time Warner Cable: No, we're not merging with Comcast

Suggested Articles

To the surprise of perhaps no one, AWS has a bone to pick about the Pentagon choosing Microsoft for its $10 billion JEDI cloud contract.

Mediacom Communications it now has more than 50,000 combined residential and business customers subscribing to its 1 Gigabit service offerings.

As 2019 draws to a close, FierceTelecom is announcing this year's list of top technology disrupters.