Insight Communications Co. reported stronger financial results in the fourth quarter — revenue was up 11% and cash flow rose 8% — indicating to some analysts that it's bouncing back from recent subscriber issues.
Insight added 21,600 high-speed Internet customers, 19,200 digital-cable customers and 6,000 telephone subscribers in the period.
The basic customer count was flat (up 100), reversing two quarters of losses.
Insight ended the period with about 1.3 million subscribers.
According to several analyst reports, Insight said on its quarterly conference call last week it expects basic subscriber growth to decline about 1% for the full year 2004.
Insight restated previous 2004 guidance of 11% to 12% revenue growth and 10% to 11% cash flow for the full year.
Insight also expects to generate $50 million in free cash flow (cash flow after interest payments and capital expenditures are made) this year.
Average revenue per unit was strong for the year — rising to $58.03 from $52.38 in 2002 — indicating success selling new higher-priced services.