Exceeding industry expectations, Time Warner Cable’s first-quarter revenue was up 5.4 percent from this time last year and its cash flow increased by 10.9 percent, reports Multichannel News.
It was the first time in two years that the company posted a double-digit growth performance in that category. Revenue for Time Warner Cable this quarter was $4.4 billion, compared to $4.2 billion last year in the first quarter.
In a conference call, Time Warner Cable chairman and CEO Glenn Britt, said, "We’re off to a great start for 2010." Cash flow saw its major increase mainly due to an increase high-margin advertising revenue (up 19 percent to $173 million in the quarter) and a 60.3 percent dip in bad debt expense.