Time Warner Cable video subscribers down 191k in 2Q 2013

Time Warner Cable announced new versions of its popular TWC TV product for the Roku Streaming Player, Samsung Smart TVs and Microsoft’s Xbox. These new apps are designed to enable customers to enjoy Time Warner Cable’s video product on millions of customer-owned devices

NEW YORK — Time Warner Cable Inc. (NYSE: TWC) today reported financial results for its second quarter ended June 30, 2013.

Residential video revenue decreased driven by declines in video subscribers and transactional video-on-demand revenue, partially offset by price increases and a greater percentage of subscribers purchasing higher-priced tiers of service.

Residential (in thousands):

                                                  2011                            2012            2013
                        ------------------------------  ------------------------------  --------------
                            1Q      2Q      3Q      4Q      1Q      2Q      3Q      4Q      1Q      2Q
                        ------  ------  ------  ------  ------  ------  ------  ------  ------  ------
Video
 Subscribers            12,191  12,067  11,939  11,889  12,468  12,299  12,159  12,030  11,911  11,720
 Net additions            (66)   (130)   (128)   (129)    (94)   (169)   (140)   (129)   (119)   (191)
Digital Video Recorder
 Subscribers             4,672   4,625   4,590   4,654   5,039   5,075   5,083   5,124   5,072   4,950
 Net additions              42    (47)    (35)      53      92      36       8      41    (52)   (122)
 Penetration             51.7%   51.2%   51.1%   51.8%   52.2%   52.8%   53.4%   53.9%   53.6%   52.9%

[Digital Video
 Subscribers*            9,037   9,033   8,982   8,985   9,653   9,612   9,519   9,506   9,463   9,357

* Digital Video Recorder subscribers divided by DVR penetration(5).]