Now that the historic second-quarter earnings season is over, it's time to sift through the rubble. FierceCable has assembled a complete look at the second-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 second 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 Q2 2015 (ranking by subscribers)
|4||Time Warner Cable||Cable||10.774||-45,000||$77.50|
*Comcast ARPU is Total Blended ARPU, All others are Video ARPU
**AT&T and DirecTV completed their merger in the second quarter, but are listed separately here.
Source: Strategy Analytics' Digital Television Operator Performance Benchmarking: North America
To put these numbers into context, the analysts an 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 second 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 (all numbers in thousands):
|Top 9||Q2 2014||Q3 2014||Q4 2014||Q1 2015||Q2 2015|
|Time Warner Cable||11,011||10,827||10,789||10,819||10,774|
Next, we'll take a look at numbers from SNL Kagan, which offered a closer view at the historic second quarter for the pay-TV industry. SNL Kagan noted that the quarter produced "the largest loss to date amid growing fears of cord cutting," with all U.S. cable, satellite and telco pay-TV operators combined losing more than 600,000 video subscribers in the three months ended June 30. SNL said the U.S. industry overall fell to 100.4 million combined residential and commercial subscribers. Here's the firm's reckoning:
Next MoffettNathanson analyst Craig Moffett checks in with another depressing look at the overall pay TV industry, with a chart showing the growth of the pay TV market from 2009 to the second quarter of 2015:
Finally, the analysts at Evercore present a look at ARPU growth and programming costs: