Tracking pay-TV earnings for Q3 2016

quarterly earnings

How did pay-TV distributors including cable MSOs, IPTV operators and satellite providers, as well as relevant programmers and technology companies perform in 2016's third quarter? In this earnings summary, we list results for the biggest pay-TV industry players.

To compare results in this industry segment, check out our earnings summaries from the second quarter of 2016. Also, round out your telecom earnings knowledge with more summaries for the current quarter, updated at FierceTelecom and FierceWireless.

October 17

The SVOD provider added 3.6 million new subscribers globally, including 400,000 subs in the U.S. and 3.2 million internationally. Over the past nine months, Netflix added 12 million new subscribers globally, “the same as in the first nine months of 2015,” CEO Reed Hastings noted.
- see this article
- visit Netflix's investor relations page

October 20

For the third quarter, Verizon reported customer growth of 36,000 for its FiOS pay-TV business, which beat Wall Street forecasts of around 28,000 users. FiOS also outperformed forecasts on internet subscriber growth, adding 90,000 customers during the third quarter.
- see this article
- visit Verizon's investor relations page

October 25

Randall Stephenson, CEO of AT&T, said his company’s virtual MVPD service, DirecTV Now, will debut in November and will work best on AT&T’s mobile-centric network infrastructure.
- see our coverage
- here's complete coverage of the AT&T-Time Warner deal
- visit AT&T's investor relations page

October 26

Cable MSO Comcast continued its string of solid quarterly performances, particularly in the area of cable distribution, adding 32,000 video customers in the third quarter.
- see our coverage
- visit Comcast's investor relations page

Arris Group reported another quarter of solid sales with revenue increasing 41 percent year-over-year to $1.725 billion in the third quarter, while income rose 75 percent to $146.7 million.
- see our coverage
- visit Arris' investor relations page

October 27

- visit Amazon's investor relations page

November 1

Discovery Communications
Third-quarter revenues stayed flat year-over-year at $1.56 billion as Discovery's U.S. Networks and Education and Other growth was offset by currency effects denting the International Networks division.
- see our coverage
- visit Discovery's investor relations page

Mediacom, which bills itself as the nation’s fifth-largest cable operator, reported increases in revenues and growth in its subscriber base for internet services. However, the operator lost 8,000 video customers during the quarter, which was actually an improvement over the 17,000 video customers it lost during the same quarter a year ago.
- see our coverage
- visit Mediacom's investor relations page

November 2

Cable One
Continuing its aggressive weight-loss regimen – shedding video subscribers, programming costs and employees – Cable One reported 7.5 percent growth of net income in the third quarter to $20.9 million.
- see our coverage
- visit Cable One's investor relations page

CenturyLink said that its pending deal for Level 3 won’t have any impact on its ongoing last-mile fiber-to-the-premises (FTTP) and copper buildouts to small businesses and residential customers.
- see FierceTelecom's coverage
- visit CenturyLink's investor relations page

21st Century Fox
September quarter results for 21st Century Fox were highlighted by a net income of $827 million on $0.44 EPS, a 21 percent increase annually. The income boost came out of total quarterly revenues of $6.51 billion, up 7 percent annually.
- see our coverage
- Fox's investor relations page

Time Warner Inc.
Time Warner turned in an upbeat third quarter with revenue jumping 9 percent and operating income rising 10 percent, thanks in part to strong performances by Turner and HBO.
- see our coverage
- and this update on HBO viewing
- more on the AT&T-Time Warner deal here
- visit Time Warner's investor relations page

November 3

Charter Communications
Charter reported losses of 47,000 video customers in the third quarter, primarily driven by customers in the MSO’s newly acquired Time Warner Cable footprint ditching their service when Charter wouldn't match their promotional rates.
- see our coverage
- and Rutledge's opinion of DirecTV Now
- visit Charter Communications investor relations page

CBS Corp.
Quarterly revenue increased 4 percent to $3.4 billion on an EPS of $1.15 (up 31 percent annually). CBS attributed the growth to a 32 percent increase in retransmission revenues and fees from CBS Television Network affiliated stations as well as growth from digital distribution platforms. Meanwhile, content licensing and distribution revenues grew 6 percent driven by growth in domestic television licensing sales.
- see our coverage
- the implications of a CBS-Viacom re-merger
- and Moonves' future OTT plans
- visit CBS' investor relations page

- visit TiVo's investor relations page

AMC Networks
Third-quarter profit at AMC dropped about 11 percent as operating income for its cable networks fell sharply. Net income fell to $65 million as operating income dropped 26.5 percent on the back of a 19.6 percent decline at its National Networks division, which consists of AMC, WE tv, BBC America, IFC and SundanceTV.
- see our coverage
- more AMC's investor relations page

November 8

Liberty Media
- visit Liberty Media's investor relations page

November 9

Dish Network
- visit Dish Network's investor relations page

- visit Viacom's investor relations page

November 10

Altice USA
- visit Altice USA's investor relations page

November 14

- visit Synacor's investor relations page

November 16

- visit Cisco's investor relations page