Wednesday, November 3, 2010

Cablevision Loses Video Subscribers in Q3, Adds Internet, Voice, Business Ethernet

Cablevision's Q3 2010 cable television net revenues increased 4.8% to $1.366 billion, AOCF rose
2.3% to $563.3 million and operating income increased 6.3% to $372.4 million, each compared to
the prior year period. Some key metrics:

  • Basic video customers down 24,500 or 0.8% from June 2010 and down 23,500 or 0.8% from September 2009.


  • iO: Interactive Optimum digital video customers down 4,200 or 0.1% from June 2010 and up 33,700 or 1.2% from September 2009.


  • Optimum Online high-speed data customers up 9,600 or 0.4% from June 2010 and 125,000 or 5.0% from September 2009.


  • Optimum Voice customers up 9,300 or 0.4% from June 2010 and 128,000 or 6.4% from September 2009.


  • Revenue Generating Units down 9,800 or 0.1% from June 2010 and up 263,200 or 2.5% from September 2009


  • Cable Television RPS of $149.04, down $0.08 or 0.1% from the second quarter of 2010 and up $8.01 or 5.7% from the third quarter of 2009.


  • Optimum Lightpath net revenues increased 12.1% to $72.9 million, AOCF increased 18.6% to $28.5 million and operating income increased 38.0% to $5.7 million, each as compared to the prior year period. The improved results were driven primarily by a 33.1% increase in revenue from Ethernet services.
http://www.cablevision.com

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