ITV

Category: Financials

  • Q3-2016: UFO Moviez revenue up 16.5 percent, EBIDTA up 1.1 percent

    Q3-2016: UFO Moviez revenue up 16.5 percent, EBIDTA up 1.1 percent

    BENGALURU:  Indian digital cinema distribution network and in-cinema advertising platform, UFO Moviez Limited (UFO) reported a 16.5 percent YoY growth in consolidated income from operations (TIO) for the quarter ended December 31, 2015 (Q3-2016, current quarter) at Rs 144.49 crore as compared to Rs 124.05 crore, but declined 2.5 percent as compared to Rs 148.25 crore.  The company reported 1.1 percent higher YOY operating profit or EBIDTA for the current quarter at Rs 44.15 crore (30.6 percent margin) as compared to Rs 43.67 crore (35.2 percent margin) but declined 1.1 percent as compared to Rs 44.66 crore (30.1 percent margin).

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore.

     

    The company’s PAT in Q3-2016 increased 1.1 percent YoY to Rs 16.03 crore (11.1 percent margin) as compared to Rs 15.85 crore (12.8 percent margin) and declined 2.6 percent QoQ as compared to Rs 16.46 crore (11.1 percent margin).

     

    “In the third quarter of fiscal 2016, UFO continued to deliver healthy growth in core business revenues and profits,” said UFO founder and managing director Sanjay Gaikwad, “Theatrical revenues sustained healthy momentum led by rate hike in H1FY16 and wider movie releases during the festival season. In-cinema advertising continued to deliver healthy performance, driven by volume-led sales growth. We launched UFO Framez today by opening registration for DSA’s across India. The excitement for UFO Framez is incredible and we believe that in-cinema advertising will get impetus from the retail advertisement opportunity.”

     

    “We made substantial progress during the quarter operationally as well as strategically,” said UFO joint managing director Kapil Agarwal. “Our focus on leveraging on our existing platform continued to deliver positive results. Simultaneously, we continued to expand our synergistic business Caravan Talkies. We added 67 new vans during the period, expanding our network through 91 districts. This business is expected to cash breakeven during the second half of fiscal 2017. Overall, we aim to build momentum in both core and new businesses and are excited about the future growth prospects of

    UFO Moviez.”

     

    Let us look at the other expenses reported by the company.

     

    Total Expenses in Q3-2016 at Rs 119.62 crore (82.8 percent of TIO) increased 19.9 percent YoY as compared to Rs 99.73 crore (80.4 percent of TIO) and was 2.9 percent lower QoQ as compared to Rs 123.22 crore (83.1 percent of TIO).

     

    The company’s expense towards purchase of digital cinema equipment and lamps in the current quarter more than doubled (2.35 times) YoY to Rs 18.21 crore (12.6 percent of TIO) as compared to Rs 7.74 crore (6.2 percent of TIO), but reduced 25.8 percent as compared to Rs 24.55 crore (16.6 percent of TIO).

     

    The company paid 13.3 higher amount towards advertisement revenue share in Q3-2016 at Rs 11.65 crore (8.1 percent of TIO) as compared to Rs 10.28 core (8.3 percent of TIO) in the corresponding year ago quarter and was 3.2 percent more QoQ than the Rs 11.29 crore (7.6 percent of TIO) .

     

    Further, the company paid 6.7 percent YoY more towards VPF share at Rs 18.18 crore (12.6 percent of TIO) as compare to Rs 17.04 crore (13.7 percent of TIO), but declined 9.1 percent as compared to Rs 19.99 crore (13.5 percent of TIO). 

  • Q3-2016: UFO Moviez revenue up 16.5 percent, EBIDTA up 1.1 percent

    Q3-2016: UFO Moviez revenue up 16.5 percent, EBIDTA up 1.1 percent

    BENGALURU:  Indian digital cinema distribution network and in-cinema advertising platform, UFO Moviez Limited (UFO) reported a 16.5 percent YoY growth in consolidated income from operations (TIO) for the quarter ended December 31, 2015 (Q3-2016, current quarter) at Rs 144.49 crore as compared to Rs 124.05 crore, but declined 2.5 percent as compared to Rs 148.25 crore.  The company reported 1.1 percent higher YOY operating profit or EBIDTA for the current quarter at Rs 44.15 crore (30.6 percent margin) as compared to Rs 43.67 crore (35.2 percent margin) but declined 1.1 percent as compared to Rs 44.66 crore (30.1 percent margin).

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore.

     

    The company’s PAT in Q3-2016 increased 1.1 percent YoY to Rs 16.03 crore (11.1 percent margin) as compared to Rs 15.85 crore (12.8 percent margin) and declined 2.6 percent QoQ as compared to Rs 16.46 crore (11.1 percent margin).

     

    “In the third quarter of fiscal 2016, UFO continued to deliver healthy growth in core business revenues and profits,” said UFO founder and managing director Sanjay Gaikwad, “Theatrical revenues sustained healthy momentum led by rate hike in H1FY16 and wider movie releases during the festival season. In-cinema advertising continued to deliver healthy performance, driven by volume-led sales growth. We launched UFO Framez today by opening registration for DSA’s across India. The excitement for UFO Framez is incredible and we believe that in-cinema advertising will get impetus from the retail advertisement opportunity.”

     

    “We made substantial progress during the quarter operationally as well as strategically,” said UFO joint managing director Kapil Agarwal. “Our focus on leveraging on our existing platform continued to deliver positive results. Simultaneously, we continued to expand our synergistic business Caravan Talkies. We added 67 new vans during the period, expanding our network through 91 districts. This business is expected to cash breakeven during the second half of fiscal 2017. Overall, we aim to build momentum in both core and new businesses and are excited about the future growth prospects of

    UFO Moviez.”

     

    Let us look at the other expenses reported by the company.

     

    Total Expenses in Q3-2016 at Rs 119.62 crore (82.8 percent of TIO) increased 19.9 percent YoY as compared to Rs 99.73 crore (80.4 percent of TIO) and was 2.9 percent lower QoQ as compared to Rs 123.22 crore (83.1 percent of TIO).

     

    The company’s expense towards purchase of digital cinema equipment and lamps in the current quarter more than doubled (2.35 times) YoY to Rs 18.21 crore (12.6 percent of TIO) as compared to Rs 7.74 crore (6.2 percent of TIO), but reduced 25.8 percent as compared to Rs 24.55 crore (16.6 percent of TIO).

     

    The company paid 13.3 higher amount towards advertisement revenue share in Q3-2016 at Rs 11.65 crore (8.1 percent of TIO) as compared to Rs 10.28 core (8.3 percent of TIO) in the corresponding year ago quarter and was 3.2 percent more QoQ than the Rs 11.29 crore (7.6 percent of TIO) .

     

    Further, the company paid 6.7 percent YoY more towards VPF share at Rs 18.18 crore (12.6 percent of TIO) as compare to Rs 17.04 crore (13.7 percent of TIO), but declined 9.1 percent as compared to Rs 19.99 crore (13.5 percent of TIO). 

  • Q3-2016: Zee Learn YoY revenue up 12.4 percent; PAT doubles

    Q3-2016: Zee Learn YoY revenue up 12.4 percent; PAT doubles

    BENGALURU: The Essel group’s education company Zee Learn Limited (Zee Learn) reported 12.4 percent higher YoY Total Income from Operations (TIO, revenue) in the quarter ended December 31, 2015 (Q3-2016,current quarter) at Rs 22.29 crore as compared to Rs 19.84 crore , but was 27.4 percent lower QoQ than Rs 30.70 crore.

     

    Note: 100,00,000 = 100 Lakhs = 10 million = 1 crore

     

    The company’s Profit after tax (PAT) in the current quarter more than doubled YoY (up 2.07 times) at Rs 2.27 crore (10.2 percent margin) as compared to Rs 1.09 crore (5.5 percent margin) and was 2.1 times higher QoQ as compared  to Rs 1.08 crore.

     

    Let us look at the other numbers reported by Zee Learn

     

    Zee Learn’s Total expenditure (TE) in Q3-2016 at Rs 17.20 crore (77.2 percent of TIO) was 1.7 percent higher YoY as compared to Rs 16.91 crore (85.2 percent of TIO), but was 3.49 percent klowerr QoQ as compared to Rs 25.43 crore (86.1 percent of TIO).

     

    Employee Benefit Expense (EBE) in Q3-2016 at Rs 5.99 crore (26.9 percent of TIO) was 5.4 percent as compared to Rs 6.33 crore (31.9 percent of TIO) and was 17.4 percent lower QoQ as compared to Rs 7.25 crore.

     

    In Q3-2016, Zee Learn’s operating cost at Rs 0.64 crore (2.9 percent of IO) was 14.6 percent lower YoY as compared to Rs 0.75 crore (3.8 percent of TIO) and was 24.2 percent lower as compared to Rs 0.85 crore (2.8 percent of TIO).

     

    The company’s marketing, advertisement and publicity expense (marketing expense) for Q3-2016 at Rs 0.58 crore (2.6 percent of TIO) was 58.5 percent lower YoY than the Rs 1.40 crore (7.1 percent of TIO) and was 67.4 percent lower QoQ as compared to Rs 1.78 crore (5.8 percent of TIO) in the immediate trailing quarter.

     

    Other expense in Q3-2016 at Rs 6.07 crore (27.3 percent of TIO) was 40.9 percent more YoY as compared to Rs 4.31 crore (21.7 percent of TIO) and was 18.6 percent lower QoQ as compared to Rs 7.46 crore (24.3 percent of TIO).

     

    Zee Learn says that on June 28, 2015 a fire occurred in one of the warehouses of the company at Bhiwandi near Mumbai and the inventory of educational material lying at the said warehouse amounting to Rs 1416.61 lakh got completely destroyed. Further, Zee Learn says that it has lodged a claim with the Insurance company for the loss incurred. Pending the settlement of insurance claim, the loss is accounted as ‘Claims Receivables’ under other Current Assets to the extent of the above amount. On settlement of the claim by the Insurance company, the difference in loss claim and actual claim received , if any, will be charged to the Statement of Profit and Loss Account.

  • Q3-2016: Zee Learn YoY revenue up 12.4 percent; PAT doubles

    Q3-2016: Zee Learn YoY revenue up 12.4 percent; PAT doubles

    BENGALURU: The Essel group’s education company Zee Learn Limited (Zee Learn) reported 12.4 percent higher YoY Total Income from Operations (TIO, revenue) in the quarter ended December 31, 2015 (Q3-2016,current quarter) at Rs 22.29 crore as compared to Rs 19.84 crore , but was 27.4 percent lower QoQ than Rs 30.70 crore.

     

    Note: 100,00,000 = 100 Lakhs = 10 million = 1 crore

     

    The company’s Profit after tax (PAT) in the current quarter more than doubled YoY (up 2.07 times) at Rs 2.27 crore (10.2 percent margin) as compared to Rs 1.09 crore (5.5 percent margin) and was 2.1 times higher QoQ as compared  to Rs 1.08 crore.

     

    Let us look at the other numbers reported by Zee Learn

     

    Zee Learn’s Total expenditure (TE) in Q3-2016 at Rs 17.20 crore (77.2 percent of TIO) was 1.7 percent higher YoY as compared to Rs 16.91 crore (85.2 percent of TIO), but was 3.49 percent klowerr QoQ as compared to Rs 25.43 crore (86.1 percent of TIO).

     

    Employee Benefit Expense (EBE) in Q3-2016 at Rs 5.99 crore (26.9 percent of TIO) was 5.4 percent as compared to Rs 6.33 crore (31.9 percent of TIO) and was 17.4 percent lower QoQ as compared to Rs 7.25 crore.

     

    In Q3-2016, Zee Learn’s operating cost at Rs 0.64 crore (2.9 percent of IO) was 14.6 percent lower YoY as compared to Rs 0.75 crore (3.8 percent of TIO) and was 24.2 percent lower as compared to Rs 0.85 crore (2.8 percent of TIO).

     

    The company’s marketing, advertisement and publicity expense (marketing expense) for Q3-2016 at Rs 0.58 crore (2.6 percent of TIO) was 58.5 percent lower YoY than the Rs 1.40 crore (7.1 percent of TIO) and was 67.4 percent lower QoQ as compared to Rs 1.78 crore (5.8 percent of TIO) in the immediate trailing quarter.

     

    Other expense in Q3-2016 at Rs 6.07 crore (27.3 percent of TIO) was 40.9 percent more YoY as compared to Rs 4.31 crore (21.7 percent of TIO) and was 18.6 percent lower QoQ as compared to Rs 7.46 crore (24.3 percent of TIO).

     

    Zee Learn says that on June 28, 2015 a fire occurred in one of the warehouses of the company at Bhiwandi near Mumbai and the inventory of educational material lying at the said warehouse amounting to Rs 1416.61 lakh got completely destroyed. Further, Zee Learn says that it has lodged a claim with the Insurance company for the loss incurred. Pending the settlement of insurance claim, the loss is accounted as ‘Claims Receivables’ under other Current Assets to the extent of the above amount. On settlement of the claim by the Insurance company, the difference in loss claim and actual claim received , if any, will be charged to the Statement of Profit and Loss Account.

  • Q4-2015: DirecTV’s subscription numbers up, but ATT Entertainment reports lower video subscribers

    Q4-2015: DirecTV’s subscription numbers up, but ATT Entertainment reports lower video subscribers

    BENGALURU:  AT&T Inc., (ATT), claimant to the largest Pay TV services title in the world reported a net QoQ decline of 26,000 subscribers for the quarter ended December 31, 2015 (Q4-2015, current quarter) for its Entertainment Group (Entertainment). This despite the fact that its recent acquisition DirecTV reported a 1.1 percent QoQ increase (214,000 net additions) in Q4-2015 at 197.84 lakh as compared to 195.70 lakh in Q3-2015. ATT’s other Entertainment segment, the triple play U-verse (broadband internet, IP Telephony and IPTV services) reported a decline of 240,000 video subscribers in the current quarter at 56.14 lakh as compared to 58.54 lakh in the immediate trailing quarter. ATT says that its Entertainment Group focused on profitability and increasingly emphasized satellite sales, including U-verse subscribers switching to satellite.

     

    At December 31, 2015, Entertainment had approximately 522 lakh revenue connections, compared to 344 lakh at December 31, 2014, which included:  Approximately 254 lakh video connections at December 31, 2015 compared to 59 lakh at December 31, 2014. DirecTV’s satellite subscribers as of the July 24, 2015 acquisition date was 195 lakh.; Approximately 143 lakh broadband connections at December 31, 2015 compared to 144 lakh at December 31, 2014. During Q4-2015, ATT’s Entertainment added 171,000 U-verse High Speed Internet subscribers, for a total of 124 lakh at December 31, 2015. Total broadband subscribers declined by 37,000 in the quarter due in part to fewer U-verse sales promotions; Approximately 125 lakh wired voice connections at December 31, 2015 compared to 140 lakh at December 31, 2014. Voice connections include switched access lines and VoIP connections.

     

    “We now have a unique set of capabilities that positions us for growth and also gives us a strategic advantage in providing consumers and businesses the integrated mobile, video and data solutions they want,” said AT&T chairman and CEO Randall Stephenson.

     

    “Our DirecTV integration is going well, and the customer response to our new integrated mobile and entertainment offers is strong. Throughout this year, we plan to launch a variety of new video entertainment packages that give customers even more choices. We’re also seeing terrific results from our expansion into the Mexican mobile market. Our LTE network now covers 355 million people and businesses, and in the quarter we had 2.8 million wireless net additions,” Stephenson added.

     

    ATT’s Entertainment Group (Entertainment) segment includes the results of the US satellite-based operations acquired in July 2015 through the acquisition of DirectTV as well as broadband and wired voice services to residential customers in the US Entertainment revenues for the fourth quarter Q4-2015 were $13.0 billion, more than double the year-ago quarter due to the acquisition of DirecTV as well as strong growth in consumer IP broadband and video, which more than offset lower revenues from legacy voice and data products. Q- 2015 Entertainment operating expenses totalled $11.5 billion compared to $5.9 billion in the fourth quarter of 2014, largely due to the acquisition of DirecTV. The Entertainment operating margin was 11.1 percent, compared to (5.3) percent in the year-earlier quarter with satellite and IP revenue growth and cost efficiencies largely offsetting programming content cost pressure and declines in legacy services.

  • Q4-2015: DirecTV’s subscription numbers up, but ATT Entertainment reports lower video subscribers

    Q4-2015: DirecTV’s subscription numbers up, but ATT Entertainment reports lower video subscribers

    BENGALURU:  AT&T Inc., (ATT), claimant to the largest Pay TV services title in the world reported a net QoQ decline of 26,000 subscribers for the quarter ended December 31, 2015 (Q4-2015, current quarter) for its Entertainment Group (Entertainment). This despite the fact that its recent acquisition DirecTV reported a 1.1 percent QoQ increase (214,000 net additions) in Q4-2015 at 197.84 lakh as compared to 195.70 lakh in Q3-2015. ATT’s other Entertainment segment, the triple play U-verse (broadband internet, IP Telephony and IPTV services) reported a decline of 240,000 video subscribers in the current quarter at 56.14 lakh as compared to 58.54 lakh in the immediate trailing quarter. ATT says that its Entertainment Group focused on profitability and increasingly emphasized satellite sales, including U-verse subscribers switching to satellite.

     

    At December 31, 2015, Entertainment had approximately 522 lakh revenue connections, compared to 344 lakh at December 31, 2014, which included:  Approximately 254 lakh video connections at December 31, 2015 compared to 59 lakh at December 31, 2014. DirecTV’s satellite subscribers as of the July 24, 2015 acquisition date was 195 lakh.; Approximately 143 lakh broadband connections at December 31, 2015 compared to 144 lakh at December 31, 2014. During Q4-2015, ATT’s Entertainment added 171,000 U-verse High Speed Internet subscribers, for a total of 124 lakh at December 31, 2015. Total broadband subscribers declined by 37,000 in the quarter due in part to fewer U-verse sales promotions; Approximately 125 lakh wired voice connections at December 31, 2015 compared to 140 lakh at December 31, 2014. Voice connections include switched access lines and VoIP connections.

     

    “We now have a unique set of capabilities that positions us for growth and also gives us a strategic advantage in providing consumers and businesses the integrated mobile, video and data solutions they want,” said AT&T chairman and CEO Randall Stephenson.

     

    “Our DirecTV integration is going well, and the customer response to our new integrated mobile and entertainment offers is strong. Throughout this year, we plan to launch a variety of new video entertainment packages that give customers even more choices. We’re also seeing terrific results from our expansion into the Mexican mobile market. Our LTE network now covers 355 million people and businesses, and in the quarter we had 2.8 million wireless net additions,” Stephenson added.

     

    ATT’s Entertainment Group (Entertainment) segment includes the results of the US satellite-based operations acquired in July 2015 through the acquisition of DirectTV as well as broadband and wired voice services to residential customers in the US Entertainment revenues for the fourth quarter Q4-2015 were $13.0 billion, more than double the year-ago quarter due to the acquisition of DirecTV as well as strong growth in consumer IP broadband and video, which more than offset lower revenues from legacy voice and data products. Q- 2015 Entertainment operating expenses totalled $11.5 billion compared to $5.9 billion in the fourth quarter of 2014, largely due to the acquisition of DirecTV. The Entertainment operating margin was 11.1 percent, compared to (5.3) percent in the year-earlier quarter with satellite and IP revenue growth and cost efficiencies largely offsetting programming content cost pressure and declines in legacy services.

  • Q3-2016: Raj TV numbers down

    Q3-2016: Raj TV numbers down

    BENGALURU: South Indian television network Raj TV Limited (Raj TV) reported 20 per cent lower YoY total net income from operations (TIO) for the quarter ended 31 December, 2015 (Q3-2016, current quarter) at Rs 16.26 crore as compared to Rs 20.32 crore and 8.3 per cent lower QoQ than Rs 17.73 crore. The company’s profit after tax (PAT) in the current quarter was a little more than a third (down 62.7 per cent) YoY at Rs 0.78 crore (PAT margin 4.8 per cent) as compared to Rs 2.09 crore (PAT margin 10.3 per cent), but tripled QoQ  as compared to Rs 0.26 crore (PAT margin 1.4 per cent).

     

    Raj TV’s EBIDTA in Q3-2016 was almost half (down 47.1 per cent) QoQ at Rs 3.95 crore (margin 24.3 per cent)  as compared to Rs 7.49 crore (36.9 per cent margin), but 1.8 per cent more QoQ than the Rs 3.88 crore (21.9 per cent margin).

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

     

    The company’s Total Expenditure (TE) in Q3-2016 at Rs 13.92 crore (85.6 per cent of TIO) was 24.1 per cent lower QoQ as compared to Rs 18/34 crore (59.6 per cent of TIO) and was 10 per cent lower QoQ as compared to Rs 15.46 crore (87.2 per cent of TIO) in the immediate trailing quarter.

     

    Raj TV’s cost of revenues in Q3-2016 increased 20 per cent QoQ to Rs 5.36 crore (33 per cent of TIO) as compared to Rs 4.46 crore (22 per cent of TIO) but declined 15.3 per cent QoQ as compared to Rs 6.33 crore (35.7 per cent of TIO) in Q2-2016.

     

    The company’s administrative expense in Q3-2016 declined 6.2 per cent to Rs 2.14 crore (13.1 per cent of TIO) as compared to Rs 2.28 crore (11.2 per cent margin) and was 4.4 per cent lower QoQ as compared to Rs 2.23 crore (12.6 per cent of TIO).

     

    Raj TV’s employee benefit expense (EBE) in Q3-2016 at Rs 5.68 crore (34.9 per cent of TIO) was 6.7 per cent lower YoY as compare to Rs 6.09 crore (30 per cent  of TIO) but was 7.8 per cent higher QoQ as compared to Rs 5.29 crore (29.8 per cent of TI).

  • Q3-2016: Raj TV numbers down

    Q3-2016: Raj TV numbers down

    BENGALURU: South Indian television network Raj TV Limited (Raj TV) reported 20 per cent lower YoY total net income from operations (TIO) for the quarter ended 31 December, 2015 (Q3-2016, current quarter) at Rs 16.26 crore as compared to Rs 20.32 crore and 8.3 per cent lower QoQ than Rs 17.73 crore. The company’s profit after tax (PAT) in the current quarter was a little more than a third (down 62.7 per cent) YoY at Rs 0.78 crore (PAT margin 4.8 per cent) as compared to Rs 2.09 crore (PAT margin 10.3 per cent), but tripled QoQ  as compared to Rs 0.26 crore (PAT margin 1.4 per cent).

     

    Raj TV’s EBIDTA in Q3-2016 was almost half (down 47.1 per cent) QoQ at Rs 3.95 crore (margin 24.3 per cent)  as compared to Rs 7.49 crore (36.9 per cent margin), but 1.8 per cent more QoQ than the Rs 3.88 crore (21.9 per cent margin).

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

     

    The company’s Total Expenditure (TE) in Q3-2016 at Rs 13.92 crore (85.6 per cent of TIO) was 24.1 per cent lower QoQ as compared to Rs 18/34 crore (59.6 per cent of TIO) and was 10 per cent lower QoQ as compared to Rs 15.46 crore (87.2 per cent of TIO) in the immediate trailing quarter.

     

    Raj TV’s cost of revenues in Q3-2016 increased 20 per cent QoQ to Rs 5.36 crore (33 per cent of TIO) as compared to Rs 4.46 crore (22 per cent of TIO) but declined 15.3 per cent QoQ as compared to Rs 6.33 crore (35.7 per cent of TIO) in Q2-2016.

     

    The company’s administrative expense in Q3-2016 declined 6.2 per cent to Rs 2.14 crore (13.1 per cent of TIO) as compared to Rs 2.28 crore (11.2 per cent margin) and was 4.4 per cent lower QoQ as compared to Rs 2.23 crore (12.6 per cent of TIO).

     

    Raj TV’s employee benefit expense (EBE) in Q3-2016 at Rs 5.68 crore (34.9 per cent of TIO) was 6.7 per cent lower YoY as compare to Rs 6.09 crore (30 per cent  of TIO) but was 7.8 per cent higher QoQ as compared to Rs 5.29 crore (29.8 per cent of TI).

  • FY-2015: Time Warner Cable adds net video customers, revenue up 3.9%

    FY-2015: Time Warner Cable adds net video customers, revenue up 3.9%

    BENGALURU: This the first time since 2006 that Time Warner Cable Inc., (TWC) has reported year-over-year nett video subscriber additions. The company closed the year and quarter ended 31 December, 2015 (FY-2015, current year and Q4-2015, current quarter) with 10.821 million video subscribers, 32,000 (0.3 per cent increase) more than the 10.789 million at the close of FY-2014. The additions were made in Q4-2015, when the company added 54,000 subscribers, hence wiping out the fall of 22,000 until 30 September, 2015. In Q4-2015, TWC reported 10.821 million video customers as compared to 10.727 million in Q3-2015 (0.5 per cent increase).

     

    The company closed the current year with 681,000 more customer relationships than in the previous year. Total customer relationships at the end of FY-2015 and Q4-2015 were 15.129 million as compared to 14,511 million (4.3 per cent increase) at the end of FY-2014 and Q4-2015, and 14.929 million (1.3 per cent increase) in the immediate trailing quarter.

     

    Overall revenue and income

     

    The company reported 3.9 per cent growth in revenue in FY-2015 at $23,697 million as compared to $22,812 million in FY-2014. For Q4-2015, TWC reported 4.9 per cent YoY revenue growth at $6,072 million as compared to $5,790 million. Operating income in FY-2015 however declined 8.5 per cent YoY to $4,239 million as compared to $4,632 million in the previous year. Operating Income in the current quarter declined by 8.2 per cent YoY to $1,125 million as compared to $1,226 million.

     

    Company speak

     

    Time Warner Cable chairman and CEO Rob Marcus said, “I’m incredibly proud of everything we achieved this quarter and in 2015. We made our network more reliable, our products more compelling and our customer service better. And, importantly, our subscriber improvement over the last eight quarters, including our record subscriber performance in 2015, has begun to show up in our financial results. As we begin 2016, we intend to continue to improve the customer experience and build value for our shareholders.”

     

    Segment numbers

     

    Residential video: Residential video revenue in the current year declined 0.9 per cent to $9,907 million as compared to $10,002 million in the previous year. Video revenue in Q4-2015 increased 0.3 per cent YoY to $2,471 million as compared to $2,464 million in Q4-2014. Video Subscription numbers have been mentioned above.

     

    High Speed Data: High Speed Data revenue increased 9.3 per cent in FY-2015 to $7,029 million as compared to $6,428 million in FY-2014. For Q4-2015, the segment’s revenue increased 10.6 per cent YOY to $1,819 million as compared to $1,644 million in Q4-2014. High Speed Data subscribers in FY-2015 increased 8.6 per cent to 12.675 million as compared to 11.675 million in FY-2014. QoQ, relationships increased by 2.3 per cent as compared to 12.394 million in Q3-2015.

     

    Voice: Voice revenue declined 0.1 per cent in FY-2015 to $1,931 million as compared to $1,932 million in FY-2014. In Q4-2015, Voice revenue increased 5.7 per cent YoY to $497 million as compared $470 million. Voice subscribers increased 19.6 per cent in FY-2015 to 6.23 million as compared to 5.284 million in FY-2014. QoQ Voice subscribers increased 3.7 per cent in Q4-2015 as compared to 6.093 million in the immediate trailing quarter.

     

    Multi-Play: In FY-2015, while single play customers increased 2.2 per cent to 5.75 million from 5.63 million and triple play customers increased 21.9 per cent to 5.31 million from 4.356 million, double play customers declined 10.1 per cent to 4.067 million from 4.525 million in FY-2014. QoQ, Single play customers increased 0.8 per cent, triple play customers increased four per cent, while double play customers declined 1.2 per cent.

     

    Business Services: Business services contribution to TWC’s revenue increased to 13.9 per cent in FY-2015 from 12.4 per cent in FY-2014. Overall Business Services Revenue (BSR) in the current year increased 15.7 per cent to $3,284 million from $2,838 million in FY-2014. Total revenue in Q4-2015 increased 14.4 per cent YoY to $864 million (18 per cent of overall revenue) as compared to $755 million (16.4 per cent of overall revenue). A major portion (a little less than 50 per cent) of BSR comes from high speed data and almost 90 per cent of TWC’s business services subscribers opting for this service.

  • FY-2015: Time Warner Cable adds net video customers, revenue up 3.9%

    FY-2015: Time Warner Cable adds net video customers, revenue up 3.9%

    BENGALURU: This the first time since 2006 that Time Warner Cable Inc., (TWC) has reported year-over-year nett video subscriber additions. The company closed the year and quarter ended 31 December, 2015 (FY-2015, current year and Q4-2015, current quarter) with 10.821 million video subscribers, 32,000 (0.3 per cent increase) more than the 10.789 million at the close of FY-2014. The additions were made in Q4-2015, when the company added 54,000 subscribers, hence wiping out the fall of 22,000 until 30 September, 2015. In Q4-2015, TWC reported 10.821 million video customers as compared to 10.727 million in Q3-2015 (0.5 per cent increase).

     

    The company closed the current year with 681,000 more customer relationships than in the previous year. Total customer relationships at the end of FY-2015 and Q4-2015 were 15.129 million as compared to 14,511 million (4.3 per cent increase) at the end of FY-2014 and Q4-2015, and 14.929 million (1.3 per cent increase) in the immediate trailing quarter.

     

    Overall revenue and income

     

    The company reported 3.9 per cent growth in revenue in FY-2015 at $23,697 million as compared to $22,812 million in FY-2014. For Q4-2015, TWC reported 4.9 per cent YoY revenue growth at $6,072 million as compared to $5,790 million. Operating income in FY-2015 however declined 8.5 per cent YoY to $4,239 million as compared to $4,632 million in the previous year. Operating Income in the current quarter declined by 8.2 per cent YoY to $1,125 million as compared to $1,226 million.

     

    Company speak

     

    Time Warner Cable chairman and CEO Rob Marcus said, “I’m incredibly proud of everything we achieved this quarter and in 2015. We made our network more reliable, our products more compelling and our customer service better. And, importantly, our subscriber improvement over the last eight quarters, including our record subscriber performance in 2015, has begun to show up in our financial results. As we begin 2016, we intend to continue to improve the customer experience and build value for our shareholders.”

     

    Segment numbers

     

    Residential video: Residential video revenue in the current year declined 0.9 per cent to $9,907 million as compared to $10,002 million in the previous year. Video revenue in Q4-2015 increased 0.3 per cent YoY to $2,471 million as compared to $2,464 million in Q4-2014. Video Subscription numbers have been mentioned above.

     

    High Speed Data: High Speed Data revenue increased 9.3 per cent in FY-2015 to $7,029 million as compared to $6,428 million in FY-2014. For Q4-2015, the segment’s revenue increased 10.6 per cent YOY to $1,819 million as compared to $1,644 million in Q4-2014. High Speed Data subscribers in FY-2015 increased 8.6 per cent to 12.675 million as compared to 11.675 million in FY-2014. QoQ, relationships increased by 2.3 per cent as compared to 12.394 million in Q3-2015.

     

    Voice: Voice revenue declined 0.1 per cent in FY-2015 to $1,931 million as compared to $1,932 million in FY-2014. In Q4-2015, Voice revenue increased 5.7 per cent YoY to $497 million as compared $470 million. Voice subscribers increased 19.6 per cent in FY-2015 to 6.23 million as compared to 5.284 million in FY-2014. QoQ Voice subscribers increased 3.7 per cent in Q4-2015 as compared to 6.093 million in the immediate trailing quarter.

     

    Multi-Play: In FY-2015, while single play customers increased 2.2 per cent to 5.75 million from 5.63 million and triple play customers increased 21.9 per cent to 5.31 million from 4.356 million, double play customers declined 10.1 per cent to 4.067 million from 4.525 million in FY-2014. QoQ, Single play customers increased 0.8 per cent, triple play customers increased four per cent, while double play customers declined 1.2 per cent.

     

    Business Services: Business services contribution to TWC’s revenue increased to 13.9 per cent in FY-2015 from 12.4 per cent in FY-2014. Overall Business Services Revenue (BSR) in the current year increased 15.7 per cent to $3,284 million from $2,838 million in FY-2014. Total revenue in Q4-2015 increased 14.4 per cent YoY to $864 million (18 per cent of overall revenue) as compared to $755 million (16.4 per cent of overall revenue). A major portion (a little less than 50 per cent) of BSR comes from high speed data and almost 90 per cent of TWC’s business services subscribers opting for this service.