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Time Warner Cable Inc. (TWC)

- NYSE
  • Tue, Feb. 24, 12:25 PM
    • Comcast (NASDAQ:CMCSA) is "optimistic" it will close its $45B acquisition of Time Warner Cable (NYSE:TWC) in "early 2015," and CEO Brian Roberts' comment on today's earnings conference call that there's "lots of information-gathering" between Comcast and regulators is likely an understatement.
    • Roberts hopes that as soon as the FCC handles this week's vote on re-regulation (a stance he calls "antiquated"), the commission can turn its attention to the TWC transaction.
    • As part of its Cable Communications revenue (up 6.1% to $11.3B), Comcast noted a 9.9% increase in revenue from high-speed Internet (to $2.9B), which outpaced Video (up 1.3% to $5.19B).
    • And while NBCUniversal revenues were up 2.3%, that was mitigated by a revenue slip in filmed entertainment -- down 10.6% to $1.3B -- as home entertainment revenue slipped. Theme parks carried the day for this division, up 30% to $735M.
    • The company dropped some hints about how it might move into WiFi-fueled services, like Cablevision (NYSE:CVC) has, and has deployed about 8.3M hotspots, in-home and outdoors: “We do believe in the asset and [are] working on ways on bringing it to market in the coming months," says Cable CEO Neil Smit, noting it might even evolve into a new business. Comcast has MVNO relationships with Sprint and Verizon.
    • Currently, CMCSA up 1.7%.
    • Q4 earnings
    • Previously: Comcast beats on revenue as cable sales grow 6% (Feb. 24 2015)
    | 3 Comments
  • Thu, Jan. 29, 9:20 AM
    • On Time Warner Cable's (NYSE:TWC) earnings conference call, the company waved off persistent attempts to get a hint of 2015 guidance due to the Comcast (NASDAQ:CMCSA) deal. Capex of $4.1B in 2014 (up 28%) comprised "accelerated investment in TWC Maxx, improved customer experience and network expansion."
    • Revenue growth was offset in part by increasing operating expenses of 2.8%, including increases in programming costs (up 4.7%), sales and marketing (business) costs, and technical operations (residential) costs.
    • Q4 Free cash flow of $891M, up 15% Y/Y; full-year free cash flow of $2.35B is down about 10%.
    • Previously: TWC misses expectations as video subs continue exodus (Jan. 29 2015)
    • Previously: Time Warner Cable misses by $0.06, misses on revenue (Jan. 29 2015)
    | Comment!
  • Thu, Jan. 29, 8:52 AM
    • Time Warner Cable's (NYSE:TWC) earnings miss today comes as it continued to bleed off residential video customers, while business services revenues and ad revenues made up highlights of its revenue growth. Operating income up 4.5%.
    • Subscriber breakdowns: Residential video customers net loss of 38K; Residential high-speed data net adds of 168K; residential voice net adds of 295K; residential triple play net adds of 273K. Total customer relationship net adds of 67K.
    • Residential services revenue up on increased high-speed data revenue, offset by declines in video and voice.
    • Business services revenue up mainly on high-speed data and voice customers as well as cell tower backhaul.
    • No full-year guidance offered, given where TWC is with the ongoing Comcast (NASDAQ:CMCSA) buyout.
    • Q4 results
    • Press release
    | 3 Comments
  • Thu, Jan. 29, 6:05 AM
    • Time Warner Cable (NYSE:TWC): Q4 EPS of $2.03 misses by $0.06.
    • Revenue of $5.79B (+3.8% Y/Y) misses by $20M.
    • Press Release
    | Comment!
  • Oct. 30, 2014, 6:04 AM
    • Time Warner Cable (NYSE:TWC): Q3 EPS of $1.86 misses by $0.05.
    • Revenue of $5.71B (+3.4% Y/Y) misses by $40M.
    • Press Release
    | Comment!
  • Jul. 31, 2014, 6:03 AM
    • Time Warner Cable (NYSE:TWC): Q2 EPS of $1.89 misses by $0.02.
    • Revenue of $5.73B (+3.2% Y/Y) misses by $30M.
    • Press Release
    | Comment!
  • Apr. 24, 2014, 6:03 AM
    • Time Warner Cable Inc. (TWC): Q1 EPS of $1.78 beats by $0.10.
    • Revenue of $5.58B (+1.8% Y/Y) misses by $60M.
    • Press Release
    | Comment!
  • Jan. 30, 2014, 6:05 AM
    • Time Warner Cable Inc. (TWC): Q4 EPS of $1.82 beats by $0.08.
    • Revenue of $5.58B (+1.5% Y/Y) beats by $20M.
    • Press Release
    | Comment!
  • Oct. 31, 2013, 6:03 AM
    • Time Warner Cable (TWC): Q3 EPS of $1.69 beats by $0.03.
    • Revenue of $5.51B (+2.9% Y/Y) misses by $0.03B. (PR)
    | Comment!
  • Aug. 1, 2013, 6:50 AM
    • Time Warner Cable's (TWC) residential high-speed data revenue rose 12.5% Y/Y to $1.424B as revenue per customer improved 1.2% to $105.21.
    • Broad growth in all areas of business services revenue.
    • The company's share repurchase authorization is increased to $4B.
    | Comment!
  • Aug. 1, 2013, 6:06 AM
    • Time Warner Cable (TWC): Q2 EPS of $1.69 beats by $0.03.
    • Revenue of $5.55B (+2.7% Y/Y) misses by $0.03B. (PR)
    | Comment!
  • Apr. 25, 2013, 6:53 AM
    More on Time Warner Cable's (TWC) Q1: Revenue for the company's high-speed data segment rose 17.3% Y/Y to $1.406B to help offset a 2.2% decline in video segment revenue. The company made good progress with growing its business service revenue, up 25% to $537M. (PR)
    | Comment!
  • Apr. 25, 2013, 6:01 AM
    Time Warner Cable (TWC): Q1 EPS of $1.41 beats by $0.04. Revenue of $5.5B (+6.6% Y/Y) in-line. (PR)
    | Comment!
  • Jan. 31, 2013, 7:04 AM
    More on Time Warner Cable's (TWC) Q4: Residential high-speed data segment revenue rose 17.2% to $1.346B, while voice and video both rose at a single-digit pace. On the business services side, sales were up 25.9% to $515M. Acquisition and organic growth drove employee costs higher during the period as the company's headcount increased. (PR)
    | Comment!
  • Jan. 31, 2013, 6:05 AM
    Time Warner Cable (TWC): Q4 EPS of $1.57 beats by $0.01. Revenue of $5.5B (+9.9% Y/Y) in-line. (PR)
    | Comment!
  • Jan. 31, 2013, 12:05 AM
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    | Comment!
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Company Description
Time Warner Cable Inc provides video, high-speed data and voice services. The Company also offers security and home management services, networking and transport services and enterprise-class, cloud-enabled hosting, managed applications and services.
Sector: Services
Industry: CATV Systems
Country: United States