It’s a notable improvement for a company that most Wall Street analysts expected to lose at least 100,000 TV customers last quarter, and it’s the best performance since 2006, notes the company. Time Warner Cable Inc. now has a 50-day SMA is $n/a and 200-day SMA is $n/a, and it has a 52-week high of $194.22 and a 52-week low of $131.00. The company added 232,000 high speed data subscribers, also marking the best third quarter since 2006.
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Charter Communications continued cable’s streak of improved basic video customer growth, adding 12,000 customers in the third quarter, its first positive growth quarter since Q4 2014.
Charter’s $56 billion deal for Time Warner Cable is subject to intense regulatory scrutiny as the combined company would control a big swath of the USA cable and Internet market.
On Charter’s earnings call, Chief Executive Tom Rutledge said a few consumers are being priced out of cable. “You can simply type in your username and password and you have video”, he said.
Mr. Rutledge said college students are increasingly sharing their parents’ passwords for using so-called “TV Everywhere” apps, through which TV networks offer live or on-demand programming for cable TV subscribers.
Subscriber Statistics: In third-quarter 2015, video subscriber count decreased by 7,000 to 10.767 million.
“Our IP video offering is not over-the-top”, Marcus said.
It’s not clear how the service compares to traditional TV.
Analysts are not expecting huge gains for Dish Network (NASDAQ: DISH), which shed 12,000 video subs in the third quarter a year ago.
Third quarter revenue for TWC was up over 3.6% and ended the quarter at $5.92 billion, which missed the forecast by analysts of $5.96 billion.
The growth across PSU segments and the reduction in capex helped Charter record a net income of $54 million for the quarter, well ahead of the $53 million net loss in reported in the year-ago quarter.
TWC stock closed Wednesday at $185.25 per share, up $1.90 or 1.04 percent. (If you subscribe, you can also log in to HBO Go through an Apple TV, say, and watch on a TV.) Stream has been testing for free in Boston.
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Separately, Charter said it is “studying” participating in the coming auction of airwaves by the Federal Communications Commission, which could signal that it, like Comcast, has an interest in entering the wireless business.
