Time Warner Cable posts 9.9% increase in Q4 revenue

01/31/2013 | Multichannel News · Wall Street Journal, The

Time Warner Cable in Q4 tallied $5.5 billion in revenue, a 9.9% increase compared with the same period in 2011, thanks to its acquisition of Insight Communications and growth in advanced services and ads. However, profit fell 9% to $513 million due to higher taxes and expenses. Ad sales, which jumped 20% to $313 million, and revenue from residential services, which went up 6.8% to $4.58 billion, were among the bright notes for the period.

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Multichannel News · Wall Street Journal, The

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