Time Warner Cable today reported financial results for its fourth quarter and full year ended December 31, 2010.

Revenues for the fourth quarter of 2010 increased 5.9 percent from the fourth quarter of 2009 to $4.8 billion. Subscription revenues grew 4.6 percent year-over-year to $4.5 billion, driven by a 3.5 percent increase in residential subscription revenues and a 23.0 percent increase in commercial subscription revenues. Advertising revenues increased 33.8 percent to $269 million.

Full-year revenues increased 5.6 percent over 2009 to $18.9 billion. Subscription revenues grew 4.8 percent to $18.0 billion, with residential subscription revenues increasing 3.9 percent and commercial subscription revenues growing 21.1 percent. Advertising revenues increased 25.5 percent to $881 million.

As for subscriber metrics, in the fourth quarter, high-speed data subscriber net additions were 94,000 and Digital Phone subscriber net additions were 72,000, while video subscriber net declines were 141,000.

The Daily

Subscribe
Monday–July 26

FCC Attempts RDOF Clean Up

After an extensive review process to identify areas of potential waste in the Rural Digital Opportunity Fund, the FCC is ready to make more than $311 million in funding available across 36 states as part of the fund’s Phase 1.

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Aug 6
Cablefax Regional Rainmakers Awards
Sep 10
Most Powerful Women – 2021 Nominations Due: Sept 10, 2021
Dec 7
Most Powerful Women CelebrationSave the Date!
Full Calendar

Jobs

Seeking an INDUSTRY JOB?
VIEW JOBS

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact John@cynopsis.com for more information.