Sizing up pay-TV earnings for the first quarter of 2015

Q4 2014 earningsHow did pay-TV distributors including cable MSOs, IPTV operators and satellite providers, as well as relevant programmers and technology companies perform in 2015's first 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 third quarter and the fourth quarter of 2014. Also, round out your telecom earnings knowledge with more summaries for the current quarter, updated at FierceTelecom and FierceWireless.

April 15

Netflix (NASDAQ: NFLX)
Netflix set another subscriber record in the first quarter of 2015, chalking up 4.9 million new members worldwide to bring its total to 62.3 million subs. But its international operations took a financial hit, falling by $48 million due partly to a stronger U.S. dollar, the SVOD provider said in a letter to shareholders.
- read FierceOnlineVideo's coverage
- visit Netflix's investor relations page

April 21

Verizon (NYSE: VZ)
For the quarter, Verizon added about 90,000 FiOS video subscribers and 133,000 broadband customers, as the company posted better-than-expected Q1 earnings of $4.34 billion.
- read our coverage
- visit Verizon's investor relations page

April 22

AT&T experienced a slowdown of its U-verse pay-TV service in the first quarter.  However, the company is still bullish on its $49 billion acquisition of DirecTV, which it expects to close in second quarter. U-verse added about 50,000 TV subscribers in the first quarter of 2015, compared to the 200,000 that were tacked on in the comparable year-ago time period. Total wireline revenue for the company came in at $14.1 billion for the company, down 3.1 percent from first quarter 2014.
- see our coverage
- visit AT&T's investor relations page

April 23

For the first quarter of 2015, Google posted total revenues of $17.3 billion, and earnings per share of $6.57, coming in slightly below Wall Street estimates of $17.5 billion and $6.67 EPS. The company saw total advertising revenues of $15.5 billion--up 11 percent year over year--with total operating expenses of $6.45 billion and capex of $2.9 billion.
- see our coverage
- visit Google's investor relations page

April 24

Amazon's (NASDAQ: AMZN) Prime platform continues to play a key role in the retail giant's earnings and its streaming component, Prime Instant Video, is helping to reduce subscriber churn, company executives said on a quarterly call with investors. That, along with the $5 billion annually that its AWS (Amazon Web Services) cloud services division pulls in, is helping turn the tide on the multimillion-dollar losses that have become practically routine over the past year as the company continues to invest in its infrastructure.
- see FierceOnlineVideo's coverage
- visit Amazon's investor relations page

April 27

- visit Apple's investor relations page

April 29

Time Warner Inc. (NYSE: TWX)
Revenue for HBO increased by 4.4 percent to $1.4 billion in the first quarter, Time Warner said, without breaking out specific performance numbers for new over-the-top service HBO Now.
- see our coverage
- visit Time Warner's investor relations page

For the first quarter, Arris generated revenue of just over $1.2 billion, roughly flat with the year-ago time period. On its earnings call, CEO Bob Stanzione put the acquisitions of ActiveVideo and Pace LLC in context for investors, saying they "will give us a substantial software base with which to grow."
- see our coverage
- visit Arris' investor relations page

April 30

Time Warner Cable (NYSE: TWC)
Driven by what it says are improvements in products and customer service, Time Warner Cable added 30,000 video subscribers in the first quarter, the first quarterly addition of TV subscribers for the MSO since first quarter 2009.
- see our coverage
- visit Time Warner Cable's investor relations page

Fresh off taking a $784 million write-down earlier in April, partly to account for archival programming that has little value in the streaming video era, Viacom experienced a first-quarter loss of $53 million, compared to a $502 million profit in Q1 2014.
- see our coverage
- visit Viacom's investor page

Rovi Corp. (NASDAQ:ROVI)
- visit Rovi's investor relations page

May 1

Charter Communications (NASDAQ: CHTR)
Charter Communications reported a loss of 7,000 video subscribers in the first quarter but expects to increase its TV customer base for the full year with wide deployment of its next-generation Spectrum Guide video service throughout the rest of 2015.
- see our coverage
- visit Charter Communications investor relations page

Suddenlink Communications
Suddenlink reported a significantly slowed rate of decrease in its number of basic video customers in the first quarter, losing only 6,400, compared with a loss of 35,000 in Q4 2014, its first three-month period after dropping Viacom channels.
- see our coverage
- visit Suddenlink's investor relations page

May 4

Comcast held the line in the first quarter of 2015, reporting a 2.6 percent revenue increase year over year to $17.85 billion despite the roller-coaster ride surrounding its failed merger with Time Warner Cable. But its subscriber numbers tell a tale of the cord-cutting tape, as the cable operator added 407,000 high-speed Internet customers but watched its video subscribers continue to decline.
- see our coverage
- and this article
- visit Comcast's investor relations page

Cablevision (NYSE: CVC)
Cablevision continued to see a decline in its video subscribers in the first quarter of 2015 although its overall revenue per use increased which helped offset the decline in customers. The company said video customers dropped 28,000 to 2.65 million in the first quarter 2015, down from 2.68 million in the fourth quarter of 2014.  But average monthly revenue per customer was up 4.8 percent to $155.34 per month over the prior year thanks to rate increases and other pricing strategies.
- see our coverage
- visit Cablevision's investor relations page

May 5

The satellite operator reported U.S. subscriber growth of 60,000 and global customer expansion of 279,000 in the first quarter, driven by its lowest churn rate in six years. First quarter revenue was up 4 percent to $8.14 billion, but adjusted operating profit declined to $1.39 billion.
- see our coverage
- visit DirecTV's investor relations page

Discovery Communications (NASDAQ: DISCA)
- visit Discovery's investor relations page

May 6

21st Century Fox (NASDAQ: FOXA)
While we still don't have specifics about 21st Century Fox's plans to launch over-the-top services directly to consumers, company COO Chase Carey continues to boldly discuss their broad strokes.
- see our coverage
- and Fox's investor relations page

May 7

- visit CBS' investor relations page

May 8

Liberty Media (NASDAQ: LMCA)
- more Liberty Media news

May 11

Dish Network (NASDAQ: DISH)
Blackouts associated with carriage disputes continued to take a toll on Dish Network in the first quarter, with the satellite operator losing 134,000 customers to start the year.
- see our coverage
- and this summary of the earnings call
- more Dish news

May 27

TiVo, which is now the leader in the market for cord-cutting DVRs, continues to play both sides of the disruptive fence, announcing the addition of 285,000 new subscribers in the first quarter of fiscal 2016, most of them coming from MSO relationships.
- see our coverage
- and FierceOnlineVideo's coverage
- visit TiVo's investor relations page

Not yet announced

- visit Cisco's investor relations page

Centurylink (NYSE: CTL)
- visit CenturyLink's investor relations page

- more Mediacom news

- visit Synacor's investor page

- more AMC's investor relations page

Sizing up pay-TV earnings for the first quarter of 2015

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