Cablevision, which serves the competitive New York metro region, added more than 288,000 Revenue Generating Units (RGUs) in Q3, as its ARPU rose to $111.13. In Q2, ARPU was at $109.
Telecommunications Services net revenues, which includes "Optimum" branded consumer cable services and "Optimum Lightpath" branded, fiber-delivered commercial data and voice services, rose 18.1% to $1,075.8 million, operating income increased 18.5% to $168.5 million, compared to the prior year period.
Operational highlights include:
- Basic video customers up 9,756 or 0.3% from June 2006 and 101,736 or 3.4% from September 2005; tenth consecutive quarter of basic video subscriber gains.
- iO: Interactive Optimum digital video customers up 93,587 or 4.1% from June 2006 and 521,241 or 28.3% from September 2005.
- Optimum Online high-speed data customers up 72,438 or 3.8% from June 2006 and 363,446 or 22.7% from September 2005. Optimum Online as a percentage of video customers is 63% a
- Optimum Voice customers up 113,086 or 11.5% from June 2006 and 499,420 or 83.1% from September 2005.
- The company surpassed 500,000 high-definition, or HD, video subscribers in the third quarter.
Optimum Voice continues to be a principal driver for Cablevision's three product offers. More than half of new customers that sign up to subscribe to Optimum services buy all three: digital, video, voice and data.
- For Q2 2006, Cablevision added 385,000 new RGUs -- the company's highest second quarter RGU gain ever. Basic video customers were up 35,328; digital video customers were up 143,499; Optimum Online high-speed data customers were up 84,819; and Optimum Voice customers were up 122,234.
