Insight Communications continued the trend of MSOs weathering the recession well, reporting increases in subscriber numbers and revenue in its first quarter.
The company reported a net gain of 91,200 revenue-generating units (RGUs) during the quarter, for a total of 1.97 million. The net addition of RGUs for the year was 262,600.
The 91,200 RGU number broke down into:
- A basic customer net gain of 16,000 – for a total of 723,700 – up 5 percent from a year ago.
- Broadband up 19,900 to 478,500.
- Digital subs up 30,700 to 470,200.
- Phone customers up by 24,500 to 300,100.
Insight said it had revenue of $236.7 million, a 15 percent increase over Q1 2008. ARPU was up nearly $10 a subscriber since last year; at the end of the first quarter it was $110.79.
Capital expenditures were $49.5 million.
Insight Communications ranks as the ninth-largest cable operator in the U.S., with approximately 777,000 customer relationships in Kentucky, Indiana and Ohio. Insight offers bundled video, high-speed Internet and voice services to its customers.