Time Warner Cable has announced its 2008 third quarter results on November 5. Time Warner has posted a strong result with its third quarter revenue went up by 8% from $339 million to $4.3 billion and subscription revenues went up by 9% from $336 million to $4.1 billion. Video revenues went up by 4% from $109 million to $2.6 billion, high-speed data revenues increased 12% ($114 million) to $1.1 billion, voice revenues were up 37% ($113 million) to $421 million and Advertising revenues grew up 1% from $3 million to $224 million primarily due to an increase in political advertising revenues.
Time Warner Cable President and Chief Executive Officer Glenn Britt said “Time Warner Cable delivered another strong quarter of operational and financial growth. Our communications and entertainment services continue to be a vital part of consumers’ lives, as evidenced this quarter by growth in bundled services and customer relationships. In particular, we generated very strong high-speed data net additions that far outpaced the telcos’ broadband additions.”
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