How is Time Warner Cable doing now that the drama of the failed merger with Comcast is over? Based on the company’s first-quarter earnings report, business appears to be good.
Variety reports that TWC “registered solid video and broadband subscriber gains in the first quarter,” and company CEO Rob Marcus declared it TWC’s “best subscriber quarter ever.”
Marcus “touted the company’s much improved performance since February 2014 when the merger agreement with Comcast was struck,” Variety notes.
“Time Warner Cable said it registered 30,000 new residential video subscribers, marking its best net additions since the first quarter of 2009,” the Variety story reports. “Broadband subs grew by 315,000, the highest mark since 2007. Execs touted gains in residential and business services as well as triple-play traction that led to its highest net addition of telephone customers ever, with 320,000 signing on.”
Said Marcus, commenting during Thursday’s earnings call: “We’re simply executing better across every facet of our business. We are a far stronger company than we were just five short quarters ago. … We are as well positioned for the future as any company in our industry.”