Now that the first-quarter 2016 earnings season is done, it's time to reflect on what is likely the last quarter before Charter acquires Time Warner Cable and Altice NV acquires Cablevision. FierceCable has assembled a complete look at the first-quarter earnings season, ranking the top cable, satellite and telco pay-TV operators and offering a look at their performance in a number of key metrics, including subscriber growth and average revenues per user (ARPU).
To see our full reporting on the first quarter, click here. And to see how this report changed from the previous quarter, click here.
First, let's look at the top pay-TV operators, ranked by number of subscribers. This list, from Strategy Analytics, ranks the nation's operators and provides their quarterly net adds/losses and ARPU:
|Top US Pay TV Service Provider Metrics Q1 2016 (ranking by subscribers)|
|Service Provider||Platform||Subscribers (millions)||Net Adds||ARPU*|
|1||AT&T||IPTV + Satellite||26.079||-54,000||$116.12|
|4||Time Warner Cable||Cable||10.842||21,000||$77.25|
Jason Blackwell, director of service provider strategies in Strategy Analytics' Digital Consumer Practice, said the top pay-TV providers added a combined 55,000 TV subscribers, well below the 116,000 TV subscribers they added together during the fourth quarter.
To put these numbers into context, the analysts at investment banking firm Evercore ISI offer a look at how the operators break out in terms of market share:
Next, Jackdaw Research analyst Jan Dawson provides an additional look at the performance of the nation's top pay TV operators in the first quarter with these key slides:
Dawson also ranks the top 9 pay-TV operators in the United States and shows how their subscriber bases have changed during the past year:
|Top 9||Q1 2015||Q2 2015||Q3 2015||Q4 2015||Q1 2016|
|Time Warner Cable||10,819||10,774||10,767||10,821||10,842|
Next MoffettNathanson analyst Craig Moffett checks in with a different look at the overall pay TV industry, with a chart showing the subscriber growth of the pay TV market from 2006 to the first quarter of 2016:
Finally, the analysts at Evercore look at the overall penetration of pay TV from 2013 to the first quarter of this year, according to data from the companies, Evercore itself, SNL Kagan and the U.S. Census Bureau's Housing Vacancy Survey.