Time Warner announced plans to separate its cable business from its media assets.
During Q1 2008, Time Warner Cable’s revenues grew 8% year over year ($309 million) to $4.2 billion. Subscription revenues were up 8% ($301 million) to $4.0 billion.
Some highlights:
- Video revenues climbed 4% ($99 million) to $2.6 billion, driven by continued growth in digital video services and video price increases.
- High-speed data revenues rose 11% ($100 million) to $1.0 billion, fueled mainly by continued year-over-year residential high-speed data subscriber growth.
- Voice revenues increased 39% ($102 million) to $366 million, reflecting strong Digital Phone subscriber growth. Advertising revenues grew 4% ($8 million) to $197 million.
- Revenue generating units (“RGUs”) reached 33.0 million, reflecting a robust 896,000 net additions.
- Triple Play subscribers surpassed 2.6 million (or 18% of total customer relationships), benefiting from a record 247,000 net additions.
