- Basic video customer additions of 7,000, including the largest quarterly increase in our NY metro service area since the second quarter of 2008.
- High-Speed Data and Voice customer additions of 41,800 and 42,400, respectively.
- Average Monthly Revenue per Basic Video Customer (“RPS”) of $152.53, an increase of $2.78 or 1.9% compared to the prior year period.
|1.||See definition of AOCF and Consolidated Free Cash Flow from Continuing Operations included in the discussion of non-GAAP financial measures on page 3 of this earnings release.|
|Cable Television first quarter 2012 net revenues increased 0.1% to $1.489 billion principally due to continued growth of data and phone customers, which was offset by fewer video customers than the prior year period. AOCF decreased 8.2% to $534.3 million and operating income decreased 14.6% to $312.0 million, all compared with the prior year period. First quarter 2012 AOCF results reflect modest revenue growth more than offset by higher operating expenses, primarily programming costs.|
|The following table illustrates the change in the Cable Television customer base during the first quarter of 2012:|
|(rounded to nearest thousand)|
|December 31, 2011||Net Gain/(Loss)||March 31, 2012|
|Total Customers (a)||3,611||17||3,628|
|(a)||Total customers are defined as the number of households/businesses that receive at least one of the Company's services.|
|For first quarter 2012, Optimum Lightpath net revenues increased 2.9% to $79.5 million, AOCF increased 0.7% to $32.7 million and operating income decreased 2.7% to $10.6 million, each as compared to the prior year period. First quarter results reflect an 11.1% increase in revenue from Ethernet services and higher operating expenses.|