Time Warner (NYSE: TWX) Cable, whose fate within Time Warner is the subject of much speculation, has announced Q4 revenue of $4.1 billion, up 12 percent year-over-year from $3.65 billion. Net income grew 23 percent to $327 million. For the coming year, TWC is forecasting revenue of $15.95 billion, representing growth of 9 percent. Some highlights:
– Video revenue grew 8.9 percent to $2.5 billion, while data jumped 15 percent to $970 million.
– At the end of the quarter, the company had 14.6 million total customer relationships and 32.1 million revenue generating units, 591,000 of which were added during the quarter. Of its customer base, 7.1 million subscribe to more than one services.