By Scott Sloan
Insight Communications, Lexington's cable provider, announced year-end results on Monday that included year-over-year growth in nearly all its major products.
Revenue was $1.4 billion for the year, up 14 percent from the year before. The company no longer has to release its net income, as it has paid out a series of bonds it once held as part of a partnership with Comcast that has since ended.
One of the growth drivers remained high-speed Internet service, which accounted for 21 percent of revenue, up from 19.1 percent of revenue in 2006. Broadband's year-over-year revenue growth rate was 25.2 percent.
Only the company's telephone offering saw a higher year-over-year revenue growth rate -- 77 percent -- but that segment contributed just 6.3 percent of overall revenue.
The company's main revenue generator continued to be basic cable service, which accounted for $678.9 million, or 47.2 percent, of overall revenue. Average monthly revenue from a basic customer was $88.85 in 2007, up from $80.53 in 2005.
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