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TWC Adds 32K Video Subs in 2015

Time Warner Cable said residential sub growth for full-year 2015 was the MSO’s best ever, an achievement that comes as the operator is in the process of being acquired by Charter Communications (the FCC has paused its shot clock on that deal for 15 days). 

TWC said it added a net 618,000 customer relationships during 2015, highlighted by a rarity -- the addition of 32,000 net video subs -- as well as 1 million high-speed data additions, and 1.03 million voice net adds.

"TWC’s stellar 2015 residential subscriber growth is a testament to the efforts of our entire team," Rob Marcus, chairman and CEO of TWC, said in a statement. "We’re especially pleased that we were able to add residential video customers for the first time in nine years – a real milestone for our company and the industry.

"Ordinarily we wouldn’t announce subscriber results until our earnings release, but given our results, I couldn’t wait to thank the team for its outstanding performance," he added.

TWC hasn’t announced its Q4 2015 reporting date, but the residential subscriber announcement didn’t lift the MSO’s shares on Monday, a day marked by a sell-off apparently driven by fears of an economic slowdown in China.

TWC shares were down $2.75 (1.48%) to $182.84 in late-afternoon trading Monday.