Pay-TV earnings reports in Q2 2015

How did pay-TV distributors including cable MSOs, IPTV operators and satellite providers, as well as relevant programmers and technology companies perform in 2015's second quarter? In this earnings summary, we list results for the biggest cable industry players.

To compare results in this industry segment, check out our earnings summaries from the fourth quarter of 2014 and the first quarter of 2015. Also, round out your telecom earnings knowledge with more summaries for the current quarter, updated at FierceTelecom and FierceWireless.

July 15

Netflix (NASDAQ: NFLX)
Subscription video on demand giant Netflix added 3.3 million new subscribers in the second quarter of 2015, a record for Q2 growth and nearly double that of the same period one year ago. The additions bring its worldwide subscribership to more than 65 million.
- see this article
- visit Netflix's investor relations page

July 16

Google (NASDAQ: GOOG)
Google's second-quarter results wowed investors yesterday, as the search giant reported strong revenue growth from advertisements on mobile devices and on its YouTube video platform. Google said earlier this year searches on mobile devices now outnumber those on desktop and laptop PCs in 10 countries, including the U.S. and Japan. The stronger-than-expected earnings ad revenue results pushed Google's shares up 12 percent in after-hours trading yesterday, according to The Wall Street Journal. 
- see this article
- visit Google's investor relations page

July 21

Verizon (NYSE: VZ)
Verizon said it only added 26,000 net FiOS video subscribers in the second quarter, a figure that potentially indicates sluggish progress for the overall pay-TV industry during the period.
- see this article
- visit Verizon's investor relations page

July 21

Apple (NASDAQ: AAPL)
Apple said it shipped 47.4 million iPhones in its most recent quarter, a figure slightly below what some analysts had expected. However, the company's quarterly profit jumped 38 percent, slightly more than analysts had expected.
- see this article
- visit Apple's investor relations page

July 23

Amazon (NASDAQ: AMZN)
Retail and online video streaming giant Amazon once again surprised analysts, this time by doing something it hasn't done in several quarters: posting a profit. Revenue for the second quarter jumped 20 percent year over year to $23.2 billion, with a profit of $92 million, coming to 19 cents per share.
- see this article
- visit Amazon's investor relations page

AT&T (NYSE: T)
AT&T reported losing 22,000 U-verse video customers during the second quarter, a reversal of the 190,000 customer additions the carrier reported during the same quarter a year ago. Conversely, AT&T's rival Verizon reported it added 26,000 net FiOS video subscribers during the period.
- see this article
- visit AT&T's investor relations page

Comcast (NASDAQ: CMCSA)
Driven partly by a 35 percent uptick in the deployment rate of its next-generation X1 video platform, Comcast's video subscription losses slowed to 69,000 in the second quarter, the MSO's best second-quarter performance in nine years.
- see this article
- visit Comcast's investor relations page

July 29

Arris (NASDAQ: ARRS)
Arris reported an 18 percent drop in customer premises equipment sales in the second quarter, driven by a 7 percent drop in sales of set-tops and gateways to cable companies, and a 17 percent decline in sales of these products to telco services AT&T U-verse and Verizon FiOS.
- see this article
- visit Arris' investor relations page

August 3

Suddenlink Communications
Suddenlink Communications continues to lose basic video subscribers after failing to renew its contract with a major programming conglomerate, Viacom, late last year.
- see this article
- visit Suddenlink's investor relations page

August 4

Charter Communications (NASDAQ: CHTR)
Charter Communications notched an increase of 7.6 percent in its overall revenues, but the company reporting losing 33,000 pay-TV subscribers. Those subscriber losses were far higher than some Wall Street analysts were expecting: JP Morgan had expected Charter to lose 15,000 video subscribers, while Jefferies had predicted 25,000 customer loses.
- see this article
- visit Charter Communications investor relations page

Mediacom
Mediacom Communications reported it lost 12,000 video customers across its two operating units in a tumultuous second quarter that included several retransmission-related station blackouts. The Blooming Grove, New York-based MSO finished the quarter with a total of 879,000 pay-TV subscribers, down from 919,000 at the end of June 2014.
- see this article
- visit Mediacom's investor relations page

August 5

Dish Network (NASDAQ: DISH)
Dish Network reported a 3.7 percent rise in second quarter earnings to $3.83 billion, but the company lost a whopping 81,000 subscribers during the three-month period.
- see this article
- visit Dish Network's investor relations page

Disney
Disney CEO and Chairman Bob Iger told investors that ESPN's subscriber losses have been overstated, and that most of them have come from the overall recession of the pay-TV market, not from operators excluding the national sports network in their skinny bundles.
- see this article
- visit Disney's investor relations page

CBS Corp. (NYSE: CBS)
CBS is on track to receive by 2020 more than $2 billion a year from broadcast retransmission licensing fees from pay-TV operators, as well as "reverse compensation" fees from broadcast stations for the rights to air its programming. CBS Corp. CEO Les Moonves disclosed the figures during the programmer's second quarter earnings call with media analysts.
- see this article
- visit CBS' investor relations page

August 7

Cablevision (NYSE: CVC)
Cablevision CEO James Dolan said Verizon FiOS is an "unprofitable business" that is having "minimal impact" on his MSO after it added 5,000 overall customers to its ranks in the second quarter.
- see this article
- visit Cablevision's investor relations page

August 9

DirecTV (NASDAQ: DTV)
AT&T quietly revealed in a regulatory filing that its just-acquired DirecTV asset lost 133,000 satellite TV subscribers in the second quarter, putting an appropriate coda on a week in which cord-cutting concerns graduated to panic.
- see this article
- visit DirecTV's investor relations page

 

Pay-TV earnings reports in Q2 2015
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