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August 2, 2012 03:28 pm EDT

Time Warner Cable lost 169,000 subscribers, spares DirecTV's blushes

Time Warner Cable lost 169,000 subscribers, spares DirecTVs blushes

TWC pushed out its second quarter results, showing it's following the trend of shedding customers without hurting the bottom line. It took in $5.4 billion in revenue for the three month period -- with more cash coming from selling higher tiers of service to existing users -- leaving it with a net profit of $452 million. The company reported that it lost 169,000 residential video subscribers but gained 104,000 back across its high-speed data and voice businesses, which it described as "organic decline," but looks more like cord-cutting to us.

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Time Warner Cable lost 169,000 subscribers, spares DirecTV's blushes originally appeared on Engadget on Thu, 02 Aug 2012 11:28:00 EDT. Please see our terms for use of feeds.

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Original Link: http://www.engadget.com/2012/08/02/twc-q2-2012/

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Engadget

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WI

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