MEDIACOM COMMUNICATIONS CORPORATION MCCC today reported financial results for the three and nine months ended September 30, 2010. Mediacom Communications will hold a teleconference today at 10:30 a.m. Eastern Time to discuss its financial results. A live broadcast of the teleconference can be accessed through our web site at www.mediacomcc.com.
Third Quarter 2010 Financial Highlights *
- Revenues were $374.4 million, a 3.0% increase from the prior year period
- Adjusted operating income before depreciation and amortization (“Adjusted OIBDA”)
was $132.2 million, a 0.7% increase from the prior year period1 - Operating income was $70.3 million, a 0.9% decline from the prior year period
- Revenue generating units (“RGUs”) grew 19,000 for the quarter and 104,000 year-over-year, representing a 3.5% annual gain
- Free Cash Flow was $21.5 million, or $0.32 per basic share, compared to $20.4 million, or $0.30 per basic share, for the prior year period1
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