Wednesday, May 6, 2009

Cablevision Sees Telecom Revenues Rise 5% in Q1

Cablevision, which serves the NY metro area, reported that its Telecommunications Services net revenues for first quarter 2009 rose 5.3% to $1.328 billion. Cable Television revenues increased 4.8% to $1.272 billion, principally driven by the growth in digital video, high-speed data, and voice customers as well as higher rates reflected in first quarter 2009 results.


Some network highlights:

  • Basic video customers down 6,300 or 0.2% from December 2008 and down 23,100 or 0.7% from March 2008


  • iO: Interactive Optimum digital video customers up 9,400 or 0.3% from December 2008 and 177,500 or 6.7% from March 2008


  • Optimum Online high-speed data customers up 29,800 or 1.2% from December 2008 and 141,700 or 6.0% from March 2008


  • Optimum Voice customers up 51,400 or 2.7% from December 2008 and 244,500 or 14.5% from March 2008


  • Revenue Generating Units up 84,200 or 0.8% from December 2008 and 540,600 or 5.5% from March 2008


  • Cable Television RPS of $136.55, up $1.70 or 1.3% from the fourth quarter of 2008 and up $6.99 or 5.4% from the first quarter of 2008


  • Optimum Lightpath -- For first quarter 2009, Lightpath net revenues rose 8.0% to $64.2 million, due principally to the continued expansion of the more efficient, higher margin Ethernet business and includes the impact of the acquisition of 4Connections in October 2008.
http://www.cablevision.com

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