Cincinnati Fioptics Revenue up 10% From a Year Ago

CINCINNATI — In its full year and fourth quarter 2018 financial results, showed strong growth in broadband segment.

  • In its Entertainment and Communications Segment, which includes its broadband internet business, revenue totaled $252 million for the fourth quarter of 2018 and $853 million for the full year.

  • Cincinnati revenue totaled $172 million in the fourth quarter and $694 million for the full year, both down 1 percent from the prior year due to legacy declines, excluding the one-time $5 million fiber build project in the second quarter of 2017.

  • Fioptics revenue totaled $87 million for the fourth quarter and $341 million for the full year, up 8 percent and 10 percent, respectively, year-over-year.

  • Fioptics internet subscribers totaled 239,000 at the end of the fourth quarter, up 12,400 compared to a year ago.

  • Fioptics video subscribers totaled 139,900, down 6,600 year-over-year.

  • Fioptics is available to 611,000 homes and businesses, or approximately 75 percent of Greater Cincinnati which includes fiber to the premise (FTTP) and fiber to the node (FTTN).

  • In 2018, we passed 41,000 new addresses with FTTP, and now offer FTTP to 58 percent of Cincinnati's total addressable market.

  • Hawaii revenue totaled $80 million in the fourth quarter of 2018, consistent with the prior quarter, and contributed $159 million since the close of the merger on July 2, 2018.

  • Consumer/SMB Fiber internet subscribers totaled 65,900, up 1,900 compared to the previous quarter.

  • Video subscribers were 48,800, consistent with the prior quarter.

  • Consumer/SMB Fiber is available to approximately 221,500 addresses on Oahu, covering approximately 68% of the island.

  • Cincinnati Bell’s continued investment in dense metro fiber has allowed the Company to lock in fiber density value for its shareholders as demand for faster data speed and broadband usage continues to accelerate.

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