Unfortunately for Verizon, sounds like a broken record when reporting earnings and operational results. Despite the fanfare of and its ‘superior’ network, Cablevision has yet to blink. Verizon passes 1.5 million Cablevision homes with FiOS, yet Cablevision is seeing very little impact. It’s been virtually the same song for the past few quarters. Their 4Q08 numbers are down, like most MSOs, but they’re still impressive. Here are some highlights (including full year 2008 results):

  • Gained 653,000 RGUs (101,000 in 4Q08) in the year, with a 9.1% annual revenue growth
  • Average monthly revenue per subscriber or RPS is $134.85 for the fourth quarter, up $1.74 sequentially, $9.75 over last year’s fourth quarter, which was a 7.8% increase
  • Digital video penetration exceeds 90%
  • Optimum Voice grew by 53,000 in the quarter, now reaching 40% voice penetration
  • 58% of video customers subscribe to three services
  • 1.5 million HD subscribers, representing an annual growth rate of 44%
  • 20% penetration of SMB customers within current footprint

The 40% penetration for voice is probably the most impressive metric for us. The New York metropolitan area is a flagship market for Verizon and they’re investing heavily with FiOS, but obviously that’s not phasing Cablevision. They also have DOCSIS 3.0, or , on the horizon, which should equalize Verizon’s FiOS broadband advantage. Perhaps Verizon will inflict proportionately more pain in quarters to come considering they’re just getting started with FiOS in New York City. But if the past is any indication, Cablevision will continue with their ‘bring it on’ posture.

Advertisement

Join the Conversation

2 thoughts on “Cablevision Sounds Like a Broken Record

Leave a Reply

Your email address will not be published. Required fields are marked *

Don’t Miss Any of Our Content

What’s happening with broadband and why is it important? Find out by subscribing to Telecompetitor’s newsletter today.

You have Successfully Subscribed!