Time Warner Cable Reports Best Fourth-Quarter Performance in Years

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The cable giant, set to be acquired by Comcast, is led by CEO Rob Marcus and lost fewer pay TV customers in the period than in the year-ago quarter

Time Warner Cable on Thursday said it lost 38,000 residential pay TV subscribers in the fourth quarter, compared with 85,000 in the year-ago period.

It touted its best fourth-quarter subscriber performance in at least seven years across all business lines. Total customer relationship net additions came in at 67,000.

The company, whose $45 billion deal to be acquired by Comcast is being reviewed by regulators, ended 2014 with nearly 10.83 million residential video subscribers and more than 11.5 million residential broadband customers.

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TW Cable, led by CEO Rob Marcus, has said it continues to expect Comcast's acquisition of the firm to be completed in early 2015.

The cable giant on Thursday reported earnings of $2.03 per share, below Wall Street estimates. Revenue rose 3.8 percent to $5.79 billion.

Email: Georg.Szalai@THR.com
Twitter: @georgszalai