World VoIP NewsTWC reports increase in revenuesTWC reports increase in revenues

TWC reports increase in revenues

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Time Warner Cable (TWC) has reported a 5.4% rise in revenues for the three month period ended 31 March 2010 to USD4.599 billion.
Subscription revenues climbed 4.9% year-on-year to USD4.426 billion, driven by a 4.1% increase in subscribers. Adjusted operating income before depreciation and amortisation (OIBDA) rose 10.9% over 1Q 2009 to USD1.7 billion, while operating income jumped 18.7% to USD850 million.

Net income climbed 30.5% from USD164 million to USD214 million. In terms of subscriber metrics, TWC ended March with 12.817 million video subscribers, 9.206 million residential high speed data subscribers and 4.23 million residential telephony customers.

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