In terms of the total number of residential and commercial broadband subscribers, Time Warner Cable ranks as the third largest ISP in the United States, And in terms of high-speed subscribers, Time Warner said it just recently hopped over the 10 million subscribers mark. That might sound like reason to celebrate if you have a vested interest in Time Warner, but is everything as rosy as it seems?
For the most part, the answer is 'yes.'
"Our high-speed data product is quickly becoming our anchor product in the eyes of consumers," said Glenn Britt , Chairman and CEO of Time Warner Cable. "By helping to make our customers lives simpler and easier with faster speeds, more convenient choices, and a full suite of safety and security features, we hope to continue to be a part of their lives for a long, long time."
What Britt wasn't quick to point out is that TWC lost 65,000 basic video customers during the first quarter, which is starting to become a trend as Netflix and other streaming services gain steam. However, TWC did add 84,000 digital phone customers and 189,000 broadband subscribers in Q1, all of which led to a 5 percent increase in revenues from the first quarter of 2010, to $4.8 billion. Subscription revenues were up too, jumping 4.6 percent year-over-year to $4.6 billion.
Image Credit: Flickr (The Consumerist)