Time Warner Cable adds 314K broadband subs, 21K pay-TV subs, beats Q1 earnings forecast

By Jim O'Neill on Apr 28 2016 at 9:45 AM
Time Warner Cable adds 314K broadband subs, 21K pay-TV subs, beats Q1 earnings forecast

Time Warner Cable – which could be consumed by Charter Communications by mid-May if its takeover bid is approved – delivered better-than-expected Q1 results with adjusted earnings of  $518 million, or $1.81 per share, compared to $1.65 a year ago, on revenue that rose 7% to $6.19 billion. Analysts expected adjusted earnings of $1.74 a share on revenue of $6.14 billion.

"Our first-quarter results are the clearest indication yet that our efforts over the last 27 months are paying off,” said Rob Marcus, TWC chairman and CEO. “We have made our network more reliable, our products more compelling and our customer service far better.”

Marcus told analysts that,  “As this is likely our last earnings call…It's been a really good run."

Marcus said much of its residential video revenue growth – up 5.8% in the quarter to $4.39 billion – was due to increased equipment rental fees and premium network revenue and also by a nearly 12% increase in high-speed-data revenue.

Both will be impacted after the merger as Charter structures is CPE differently and has agreed to not institute data caps for seven years as part of its deal to gain approval of the merger from federal regulators.

The operator also continued to deliver upbeat subscriber metrics, reporting it added 21,000 residential pay-TV subscribers, to bring its total to 10.84 million. The company also added 314,000 broadband subscribers.

Over the past several months, cable operators have seen a pause in the big subscriber losses they experiences over the past three years, taking back subscribers they had lost to telco and satellite operators.

Overall, pay-TV subscriber growth has stalled, with most forecasts showing a gradual decline in pay-TV subscribers as more viewers get their video entertainment over the top.

Stay tuned.

Follow me on Twitter @JimONeillMedia and on LinkedIn

READ THESE NEXT

APAC, Earnings, Operators
Dish TV India ups sub count 508,000, shows profit for second year in a row
May 24 2016 5:00 AM

Dish TV India added more than 508,000 new pay-TV subscribers in its latest fiscal quarter, a record.

The company this week said Q4 fiscal 2016 consolidated subscription revenues topped $109.4 million (Rs. 7,410 million) up 12.6% from a year ago, and operating revenues of $118.1 million (Rs. 7,993 million), up 9.5% year-over-year.

Time Warner Cable adds 314K broadband subs, 21K pay-TV subs, beats Q1 earnings forecast
Earnings, Pay TV, Broadband
Time Warner Cable adds 314K broadband subs, 21K pay-TV subs, beats Q1 earnings forecast
Apr 28 2016 9:45 AM

Time Warner Cable – which could be consumed by Charter Communications by mid-May if its takeover bid is approved – delivered better-than-expected Q1 results with adjusted earnings of  $518 million, or $1.81 per share, compared to $1.65 a year ago, on revenue that rose 7% to $6.19 billion. Analysts expected adjusted earnings of $1.74 a share on revenue of $6.14 billion.

Charter Q1 earnings disappoint; eyes broadband, OTT growth following acquisitions’ OK
Earnings, Pay TV, Operators
Charter Q1 earnings disappoint; eyes broadband, OTT growth following acquisitions’ OK
Apr 28 2016 9:15 AM

Charter Communications reporter bigger-than-expected losses for the first quarter of $188 million, or $1.68 per share, about double what Wall Street had expected.

The company blamed weakness in its video business for the disappointing earnings on revenue of $2.53 billion, up more than 7% and in line with analyst forecasts. A year ago, Charter lost $81 million (73 cents per share) in the first quarter last year.

Comcast sees programing costs rise 9.4% in Q1 as subs, revenues, earnings rise
Earnings, Pay TV
Comcast sees programing costs rise 9.4% in Q1 as subs, revenues, earnings rise
Apr 27 2016 8:30 AM

Comcast today reported it added 53,000 subscribers in Q1, it’s best first quarter subscriber results in nine years, on top of better-than-expected earnings.

The operator reported EPS of 84 cents, beating the 79 cents Wall Street expected. It also beat on revenues, reporting $18.8 billion, besting the forecast $18.6 billion. Revenue for the quarter was $18.79 billion, topping last year’s Q1against figure of $17.85 billion.