Cablevision’s net revenue for the second quarter of 2006 grew 15.6% to more than $1.4 billion compared to the prior year period, while operating income grew 75.1% to $166.5 million and adjusted operating cash flow increased 17.5% to $469.9 million. Some operational highlights include:
- Quarterly Revenue Generating Unit (RGU) growth of more than 385,000 new video, high-speed data and voice units; the Company’s highest second quarter RGU gain ever
- Ninth consecutive quarter of basic video subscriber gains
- Cable Television net revenue growth of 17.9% as compared to the second quarter of 2005
- Average Monthly Revenue per Basic Video Customer (“RPS”) of $109.01
- Basic video customers up 35,328 or 1.2% from March 2006 and 95,486 or 3.2% from June 2005; ninth consecutive quarter of basic video subscriber gains
- iO: Interactive Optimum digital video customers up 143,499 or 6.7% from March 2006 and 529,265 or 30.4% from June 2005
- Optimum Online high-speed data customers up 84,819 or 4.7% from March 2006 and 371,578 or 24.4% from June 2005
- Optimum Voice customers up 122,234 or 14.1% from March 2006 and 509,185 or 106.4% from June 2005
- Revenue Generating Units up 385,284 or 4.9% from March 2006 and 1,503,577 or 22.3% from June 2005
- Advertising revenue rose 22.6% from March 2006 and declined 1.0% from the prior year period.
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