IPTV in the third quarter of 2012

How did key players in the IPTV industry perform in the third quarter of 2012? Check here throughout the Q3 earnings season for news on providers of IP television, including the status of their IPTV deployments, triple- and quadruple-play subscribers and technology like IP multimedia subsystems (IMS). Online video providers are included in this continuously updated summary. Also, here is our Q2 wrap of IPTV earnings.

Oct. 18

Verizon (NYSE: VZ)
Verizon reported its third consecutive quarter of double-digit growth year-over-year. The company's total operational revenues in the third quarter were $29 billion, up 3.9 percent from third-quarter 2011. Verizon's earnings per share (EPS) were 64 cents per share, an increase of 14.3 percent. On the wireline side, third-quarter revenues totaled $9.9 billion, declining 2.3 percent compared to last year. The company added 136,000 FiOS Internet connections for a year-over-year increase of 14.4 percent and upped their FiOS Video connections by 119,000 for an increase of 15.4 percent.
- see the earnings release
- more Verizon news


Oct. 23

Netflix (Nasdaq: NFLX)
Netflix added 1.16 million new domestic streaming customers in third quarter 2012, up from 530,000 in second quarter 2012, for a total of 25.269 million unique subscribers. The service increased its international streaming subscribers by 690,000 compared to 560,000, and its domestic DVD subscribers decreased from 850,000 to 630,000. The company's earnings per share (EPS) increased from 11 cents to 13 cents. Netflix has over 1 million members in Latin America and 1 million in the U.K. and Ireland, and last week released a service in the Nordics. The service has been combating increased competition in the online streaming industry and announced they will be releasing original content, including the series "House of Cards" and "Arrested Development," in 2013 to make itself more attractive to new viewers and retain current subscribers.
- see the earnings release
- see our FierceCable article
- more Netflix news


Oct. 24

AT&T said in its third quarter earnings report Wednesday that it saw a 2 percent increase in its wireline consumer revenue growth year-over-year and its strongest growth in more than four years. The service posted a net gain of 198,000 U-verse TV subscribers and 613,000 high speed Internet subscribers. The company's earnings per share (EPS) increased from 59 cents to 62 cents, a 5 percent increase year-over-year and an 8 percent increase year to date.
- see the earnings release
- read our FierceCable story
- more AT&T news


Oct. 25

Amazon (Nasdaq: AMZN)
Amazon announced in its third quarter earnings report Thursday that its net sales increased 27 percent year-over-year to $31.81 billion. The Internet giant also said it had a net loss of $274 million, or 60 cents per share, compared with a net income of $63 million, or 14 cents per share. Amazon's operating cash flow increased 8 percent from third quarter 2011, from $3.11 billion to $3.37 billion. The company will release its new Kindle Fire HD ($299) Nov. 20 to combat Apple's release of the iPad mini, according to Jeff Bezos, founder and CEO of Amazon.com.
- see the release
- more Amazon news


Oct. 26

Comcast (Nasdaq: CMCSA)
Comcast's revenue increased 14.3 percent year-over-year to $46.6 billion, the company reported in its third-quarter earnings. Comcast's operating cash flow increased 9.4 percent to $14.7 million and its operating income increased 13.9 percent to $8.9 billion. The company's earnings per share for the third quarter of 2012 was 78 cents, which was a 136.4 percent increase year-over-year. Revenue from the company's Cable Networks segment increased 3.2 percent to $2.2 percent from the third quarter of 2011, which the company said was due to a 5.7 increase in distribution revenue and flat advertising revenue. Comcast reported all NBC programs are up 17 percent, partially due to a boost following the Olympics.
- see the release
- more Comcast news


Oct. 29

Cincinnati Bell (NYSE: CBB)
Cincinnati Bell reported a net revenue of $368 million in Q3 2012, which the company says is comparable to Q3 2011 and Q2 2012. The company's wireline revenue decreased by $1 million year-over-year due to access line losses, but revenue growth from 5,000 new Fioptics high-speed Internet subscribers was a key tool to offset those losses. This increase in subscribers boosted Fioptics revenue 47 percent year-over-year. The company also reported $17 million in negative free cash flow for Q3 2012, with the trend expected to continue in Q4 2012.
- see the release (.pdf)
- more Cincinnati Bell news


Nov. 1

Consolidated Communications (Nasdaq: CNSL)
Consolidated Communications announced revenue of $157 million in its third quarter 2012 earnings report, up from $92.5 million in third quarter 2011. The company reported a year-over-year increase in total connections (data, video, ILEC and non-ILEC), from 752,234 to 754,436. Consolidated Communications reported a diluted net loss per share of 1 cent.  It listed the acquisition of SureWest in July and net new broadband additions of 6,501 as quarterly highlights.
- see the release
- more Consolidated Communications news


Nov. 6

Frontier Communications (Nasdaq: FTR)
Frontier Communications reported a year-over-year decrease in revenue, from $1,290.9 million to $1,252.5 million, in its third quarter 2012 earnings release, attributing its losses to "decreases in the number of residential and business customers and switched access revenue." Also in Q3 2012, the company added approximately 1,000 broadband customer s and 27,300 satellite TV customers but lost 4,100 FiOS video customers. In good news, Frontier reported a 1.9 percent increase in average monthly customer revenue per customer from Q2 2012. Maggie Wilderotter, chairman and CEO of Frontier, called Q3 2012 a "milestone third quarter, with the best revenue and customer metrics since the closing of our July 2010 acquisition."
- see the release
- more Frontier Communications news


Nov. 7

CenturyLink (NYSE: CTL)
CenturyLink reported operating revenues of $4.57 billion in its third quarter 2012 earnings release on Wednesday. The company said it added more than 44,000 high-speed Internet customers for a total of more than 5.8 million subscribers and reduced access line loss by 22 percent year-over-year. The company's earnings per share (EPS) ranged from 64 cents to 69 cents. CenturyLink cited the opening of a new data center in Singapore as one of its Q3 2012 highlights.
- see the release
- more CenturyLink news


TDS Telecom (NYSE: TDS)
TDS Telecom, a subsidiary of Telephone and Data Systems, Inc., reported operating revenues increased 5 percent year-over-year to $220.4 million in its third quarter 2012 earnings release. The company also said its ILEC triple play (voice, data and video) penetration was up 3 percent since Q3 2011, while its managed IP connections (ILEC and CLEC) increased 89 percent to 84,500. TDS' parent company reported a 3 percent increase in operating revenues year-over-year, from $1,325.4 million to $1,370.1 million. As a result of an unnamed acquisition, the company also recorded a $12.7 million gain on investment.
- see the release
- more TDS Telecom news


Nov. 8

Hawaiian Telcom (Nasdaq: HCOM)
Hawaiian Telcom reported a net income of $5.6 million, or 52 cents per dilute share, in its third quarter 2012 earnings release, marking the company's eighth consecutive quarter of profitability. Third quarter revenue was $96.6 million, down from $97 million year-over-year; Hawaiian Telcom said Q3 revenue growth fueled by video, HSI and more equipment sales was offset by a 5.6 percent decrease in access lines. The company saw an increase in video service revenue over Q2 2012, from $1 million to $1.5 million, which it attributed to a 33 percent increase in subscribers for a total of approximately 8,400. Eric Yeaman, president and CEO of Hawaiian Telcom, said the results showed "positive momentum in our key next-generation services."
- see the release
- more Hawaiian Telcom news


Nov. 9

HickoryTech (Nasdaq: HTCO)
HickoryTech reported revenue of $45.8 million in its third quarter 2012 release on Thursday, a 1 percent increase year-over-year. The company's net income of $1.7 million represented a decrease of 18 percent since Q3 2011, which HickoryTech attributed primarily to telecom revenue declines and added depreciation expenses companywide. Fiber and Data Segment revenue was up 36 percent year-over-year to $15.7 million due to success in retail and wholesale transport and data services as well as the addition of IdeaOne Telecom operations, according to HickoryTech. The company reported earnings per share of 13 cents, down 19 percent year-over-year.
- see the release
- more HickoryTech news

IPTV in the third quarter of 2012