Time Warner Cable Inc (NYSE:TWC) and Sirius XM Holdings Inc. (NASDAQ:SIRI) released the results from their first quarters this morning. Time Warner Cable posted diluted earnings per share of $1.70 on $5.58 billion in revenue, a 2% increase. Adjusted earnings per share were $1.78. Analysts had been expecting the cable TV provider to report earnings per share of $1.68 on $5.64 billion in revenue.

Sirius XM Holdings Inc. (NASDAQ:SIRI) posted earnings per share of 2 cents, which was in line with expectations, on $998 million in revenue (an 11% increase), which was ahead of consensus estimates at $994.92 million,

Breaking down Time Warner Cable’s earnings

Time Warner Cable

Both adjusted and diluted earnings per share rose by more than 26%. Time Warner Cable Inc (NYSE:TWC) reported that the main driver of revenue growth during the first quarter was a 24.4% increase in business services revenue and 10.8% in residential.

The company reported net adds of 148,000, the most in more than seven years. Time Warner Cable Inc (NYSE:TWC) added 82,000 triple net play customers and 269,000 residential high-speed data customers. Residential voice net adds were 107,000, and residential video net losses were 34,000.

The company bought back $208 million worth of its shares during the first quarter or 1.5 million shares before the repurchase program was suspended on Feb. 13 because of the merger agreement Time Warner Cable Inc (NYSE:TWC) entered into with Comcast Corporation (NASDAQ:CMCSA) (NASDAQ:CMCSK). The company paid a 75 cent per share dividend during the quarter and has $2.7 billion left on its share repurchase authorization.

Breaking down Sirius XM’s earnings

Sirius XM

Sirius XM Holdings Inc. (NASDAQ:SIRI) reported that its adjusted EBITDA rose 28% to a new record of $335 million. The company said net income was $94 million, including the one-time item associated with the Liberty Media Corp (NASDAQ:LMCA) (NASDAQ:LMCB) stock repurchase agreement and accounting adjustments from the merger of Sirius and XM. Net of taxes, the result was adjusted net income of $121 million, a 46% increase year over year.

Sirius XM Holdings Inc. (NASDAQ:SIRI) reported that it reached a record 25.8 million subscribers during the first quarter—a 6% increase. Net subscriber additions were 266,799, while self-pay additions were 173,480. Self-pay subscribers also reached a new record of 21.3 million. Total paid and unpaid trials were 6.9 million at the end of the first quarter.

The company said it will repurchase 93 million shares of Liberty Media Corp (NASDAQ:LMCA) (NASDAQ:LMCB) tomorrow for $340 million.

The satellite radio provider also reiterated its previous 2014 guidance. Sirius XM Holdings Inc. (NASDAQ:SIRI) expects about 1.25 million net subscriber additions and revenue of more than $4 billion. The company guided for about $1.38 billion in adjusted EBITDA.