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Insight sees subs, revenue increase in Q1

Tue, 05/12/2009 - 8:55am
Brian Santo

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.

More Broadband Direct 05/12/09:
•  Cox to ring up Caller ID on TV in Rhode Island
•  Charter takes issue with DirecTV over ad campaign
•  Insight sees subs, revenue increase in Q1
•  Number porting on FCC's agenda
•  Cisco unveils Unified Service Delivery platform
•  Juniper switch aimed at cloud computing
•  JDSU releases MR-ODM test module
•  Report: Nortel holding out for better bids
•  Buying Catapult gets Ixia into wireless T&M
•  SCTE seeks proposals for 2009 CBL&D
•  Tech firms could see fallout from antitrust shift
•  Hitachi posts record $8.1B annual loss
•  Microsoft to raise $3.75B in first debt offering
•  Broadband Briefs for 05/12/09

 

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