Time Warner Cable Reports 2011 First-Quarter Results

Time Warner Cable Inc. TWC today reported financial results for its first quarter ended March 31, 2011. Revenues for the first quarter of 2011 increased 5.0% from the first quarter of 2010 to $4.8 billion. Subscription revenues grew 4.6% year-over-year to $4.6 billion, driven by a 3.5% increase in residential subscription revenues and a 23.2% increase in commercial subscription revenues. Advertising revenues increased 13.9% to $197 million.