Time Warner Cable loses video subscribers
Time Warner Cable (TWC) has reported a loss in residential video customers for Q3 2014, compared to the previous quarter.
The number of lost residential video customers in the quarter came to approximately 184,000 – more than estimated by market watchers StreetAccount, which predicted a loss of 136,000 customers.
Common shareholder net income fell from $532 million in Q2 2014 to $499 million in Q3, but revenue rose from $5.52 billion to $5.71 billion during the same period.
In an interview with Capacity in May this year, Phil Meeks, COO and EVP of TWC Business Services, said that the largest growth for the company in the future is unlikely to come from residential cable, as video-on-demand and OTT services increase.