Topic: pay TV subscriber losses
Major U.S. pay TV providers lost a combined 1.53 million subscribers during the second quarter, more than any previous quarter, according to the Leichtman Research Group.
Verizon’s net video subscriber losses during the second quarter kept pace with the previous quarter as the company continues to contend with the shift from traditional linear TV to OTT video services.
Altice USA, like Dish Network, has posted somewhat reassuring video subscriber numbers after last week’s devastation ignited by AT&T’s massive subscriber losses.
Dish Network’s second-quarter results were marked by a significant decrease in satellite subscriber losses and continued (albeit slow) growth at Sling TV.
The U.S.’ three biggest pay TV providers—Charter, Comcast and AT&T (DirecTV and U-verse)—have all reported second-quarter earnings. And all three lost significant numbers of video subscribers.
Charter reported residential video subscriber losses that were more than double the figure from the same quarter one year ago.
Comcast succumbed to secular cord cutting trends again during the second quarter but still managed to grow key financial metrics within its cable communications business.
AT&T reported losing nearly one million video subscribers between its DirecTV and DirecTV Now services as the company’s pay TV woes continued in the second quarter.
The second-quarter earnings season is underway, and FierceVideo is tracking the results from streaming media companies, programmers, pay TV operators and broadcasters throughout the period. Check out our updates on companies in this segment.
The pay TV industry has seen traditional TV subscribers decline and virtual MVPD subscribers increase, but ad-supported streaming TV could throw a wrench in that balance.