Time Warner Cable profits jump 22%

Broadband, phone subscribers boost bottom line

Despite losing TV subscribers in the fourth quarter, Time Warner Cable boosted profits by 22% to $392 million on revenue gains of 5.9% to $4.8 billion, the company said Thursday.

Much of the growth for the nation’s second-largest cable operator came from big gains in broadband and telephony, which added 94,000 and 72,000 subscribers, respectively.

The loss of 141,000 TV subs in the quarter, the second-biggest quarterly loss ever for Time Warner Cable, will undoubtedly spur further speculation that consumers are cutting the cord on monthly TV services, opting instead to view programming on such services as Netflix and Hulu.

Time Warner Cable CEO Glenn Britt reiterated the industry’s position that it’s the economy that has impacted subscriber losses, not Internet video. The bulk of the subscribers dropping their plans in the quarter were so-called single- play subs.

For the full year, Time Warner Cable posted a 5.6% revenue gain to $18.9 billion and 22% jump in profits to $1.3 billion.

The company also announced Thursday that it was increasing its dividend by 20% to 48¢.

More Digital

  • Lyor Cohen

    South By Southwest: YouTube's Lyor Cohen Set to Keynote

    Despite losing TV subscribers in the fourth quarter, Time Warner Cable boosted profits by 22% to $392 million on revenue gains of 5.9% to $4.8 billion, the company said Thursday. Much of the growth for the nation’s second-largest cable operator came from big gains in broadband and telephony, which added 94,000 and 72,000 subscribers, respectively. […]

  • I Love You, Daddy

    Louis C.K.'s 'I Love You, Daddy' Leaks Online After Being Pulled From Theatrical Release

    Despite losing TV subscribers in the fourth quarter, Time Warner Cable boosted profits by 22% to $392 million on revenue gains of 5.9% to $4.8 billion, the company said Thursday. Much of the growth for the nation’s second-largest cable operator came from big gains in broadband and telephony, which added 94,000 and 72,000 subscribers, respectively. […]

  • Apple - Philip Matthys and Jennifer

    Apple Raids Hulu, Legendary to Fill Business Affairs Posts on Content Team (EXCLUSIVE)

    Despite losing TV subscribers in the fourth quarter, Time Warner Cable boosted profits by 22% to $392 million on revenue gains of 5.9% to $4.8 billion, the company said Thursday. Much of the growth for the nation’s second-largest cable operator came from big gains in broadband and telephony, which added 94,000 and 72,000 subscribers, respectively. […]

  • AR Studio Open Beta_Partner Effects

    'Star Wars' Stickers and World Filters: Facebook and Google Are Trying to Catch Up on AR

    Despite losing TV subscribers in the fourth quarter, Time Warner Cable boosted profits by 22% to $392 million on revenue gains of 5.9% to $4.8 billion, the company said Thursday. Much of the growth for the nation’s second-largest cable operator came from big gains in broadband and telephony, which added 94,000 and 72,000 subscribers, respectively. […]

  • JUMANJI- WELCOME TO THE JUNGLE

    ‘Jumanji: Welcome to the Jungle’ Tops Studios’ TV Ad Spending

    Despite losing TV subscribers in the fourth quarter, Time Warner Cable boosted profits by 22% to $392 million on revenue gains of 5.9% to $4.8 billion, the company said Thursday. Much of the growth for the nation’s second-largest cable operator came from big gains in broadband and telephony, which added 94,000 and 72,000 subscribers, respectively. […]

  • CW - EA MADDEN NFL 18

    CW, EA Team on 'Madden NFL 18' eSports 'Survivor'-Style Special for TV

    Despite losing TV subscribers in the fourth quarter, Time Warner Cable boosted profits by 22% to $392 million on revenue gains of 5.9% to $4.8 billion, the company said Thursday. Much of the growth for the nation’s second-largest cable operator came from big gains in broadband and telephony, which added 94,000 and 72,000 subscribers, respectively. […]

More From Our Brands

Access exclusive content