Topic: pay TV subscriber losses
Altice USA turned in its second-quarter results and showed that its video subscriber losses have declined since last year.
Charter Communications announced its Q2 earnings, including 73,000 lost video subscribers, which is both a quarterly and annual improvement.
Comcast might be in store for a bumpy year, as one media analyst is predicting significant losses for the company’s video subscriber base.
Analysts at investment firm Macquarie Research see Comcast’s first-quarter video revenue dipping by 0.7% due to lower net video adds and ARPU.
Dish Network continued to experience deterioration to its core satellite TV business in the fourth quarter, losing an estimated 197,000 more customers.
Comcast said it lost 33,000 pay TV customers in the fourth quarter, but it also saw video revenue increase 1.5% during the period.
Comcast and Dish Network have each begun notifying their pay TV subscribers of pending price increases.
The top 10 pay TV platforms belonging to publicly traded telecom operators lost 395,700 video customers in the U.S. in the third quarter.
Wall Street has had an “overreaction” to Comcast’s pre-earnings concession last month that it will report as many as 150,000 lost pay TV customers in the third quarter.
Customer losses in the traditional pay TV ecosystem could soon accelerate to around 5 million a year, RBC analyst Steven Cahall said.