Time Warner Cable Increases Revenues, Loses Video Subs

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.