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 second 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 first quarter of 2016. Also, round out your telecom earnings knowledge with more summaries for the current quarter, updated at FierceTelecom and FierceWireless.
July 18
Netflix (NASDAQ: NFLX)
The closing out of Netflix's grandfathered subscription prices hit the SVOD service's subscription numbers hard in Q2, with only 160,000 new subscribers in the U.S. and only 1.52 million internationally – far lower than expected. However, the quarter still carried plenty of good news for Netflix: The service reported earnings per share of 9 cents on revenues of $2.11 billion, exceeding analyst predictions. U.S. revenues were up 18 percent year-over-year, and international revenue climbed 67 percent. Netflix also brought in an operating income of $70 million and a net income of $41 million, well above the $47 million and $9 million predictions, respectively.
- see this article
- visit Netflix's investor relations page
July 21
AT&T (NYSE: T)
AT&T reported net domestic pay-TV customer losses of 49,000, with a strong gain of 342,000 DirecTV satellite subscribers being more than offset by losses of 391,000 U-verse TV users in the second quarter.
- see this article
- visit AT&T's investor relations page
Dish Network (NASDAQ: DISH)
Dish Network's customer losses exceeded even robust analysts forecast for the second quarter, with the DBS provider dropping a whopping 281,000 net pay-TV subscribers, the company reported.
- see this article
- visit Dish Network's investor relations page
July 26
Verizon (NYSE: VZ)
Verizon said it lost 41,000 FiOS video subscribers in the second quarter, as a seven-week CWA and IBEW worker strike impacted Verizon's ability to perform new installations and hurt its wireline business overall. It also lost 13,000 FiOS high-speed internet customers in the quarter.
- see this article
- visit Verizon's investor relations page
July 27
Arris (NASDAQ: ARRS)
Arris reported its biggest revenue quarter ever, taking $1.73 billion in sales in the second quarter, a 37.3 percent year over year increase. Stanzione partially credited Pokémon for the successful quarter.
- see this article
- visit Arris' investor relations page
Comcast (NASDAQ: CMCSA)
In the second quarter, Comcast continued to report best-in-a-decade customer metrics, with the MSO reporting narrowed losses of just 4,000 pay-TV customers despite Q2 being the slowest period of the year for video subscriber growth.
- see this article
- visit Comcast's investor relations page
July 28
Amazon (NASDAQ: AMZN)
- visit Amazon's investor relations page
CBS Corp. (NYSE: CBS)
- visit CBS' investor relations page
Rovi Corp. (NASDAQ:ROVI)
- visit Rovi's investor relations page
August 2
Discovery Communications (NASDAQ: DISCA)
- visit Discovery's investor relations page
August 3
21st Century Fox (NASDAQ: FOXA)
- and Fox's investor relations page
CenturyLink (NYSE: CTL)
- visit CenturyLink's investor relations page
Synacor
- visit Synacor's investor relations page
Time Warner Inc. (NYSE: TWC)
- visit Time Warner's investor relations page
August 4
AMC Networks (NASDAQ: AMCX)
- more AMC's investor relations page
Cable One
- visit Cable One's investor relations page
Viacom (NASDAQ: VIAB)
- visit Viacom's investor page
August 5
Liberty Media (NASDAQ: LMCA)
- visit Liberty Media's investor relations page
August 9
Altice USA (NYSE: CVC)
- visit Altice USA's investor relations page
Charter Communications (NASDAQ: CHTR)
- visit Charter Communications investor relations page
August 17
Cisco (NASDAQ: CSCO)
- visit Cisco's investor relations page
TBD
Mediacom
- visit Mediacom's investor relations page