IPTV in the second quarter of 2012

Ongoing summary of providers' earnings reports
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IPTV Q2 earnings summaryHow are key players in the IPTV industry perform in the second quarter of 2012? Check here throughout the Q1 earnings season for news on providers of IP television, including the status of their IPTV deployments, triple- and quadruple-play subscribers, and technology like IP multimedia subsystems (IMS). Online video providers are included in this continuously updated summary.

The second quarter of 2012 is bound to be interesting. With providers and vendors in other segments, such as Calix (NYSE: CALX), forecasting less than stellar results, as well as more competition moving into both the IPTV and online video segments--such as Amazon's (Nasdaq: AMZN) Instant Video service testing the waters in which Netflix (Nasdaq: NFLX) swims--earnings growth may be a challenge.

Check our past quarterly summaries for Q1 2012, Q4 2011 and Q3 2011 as well.


July 19

Verizon (NYSE:VZ)
Verizon's 2.5 percent year-over-year second-quarter wireline consumer revenue increase came mainly thanks to a still-growing FiOS business. Sixty-five percent of wireline revenues were generated by FiOS, which grew its revenue base, from $2.027 million in the second quarter of 2011, to $2.380 in 2012.
- see this article
- see the earnings release
- more Verizon news

July 24

AT&T (NYSE:T)
AT&T reported its wireline revenues climbed 1.7 percent over the year-earlier period, marking their strongest growth in more than four years. The company also reported 38.3 percent growth in U-verse revenues.  Meanwhile, total U-verse subscribers reached 6.8 million. U-verse TV subscribers grew 22 percent year over year, the company said, in announcing consolidated second-quarter revenues of $31.6 billion, up 0.3 percent versus the year-earlier quarter.
- see this article
- see the earnings release
- more AT&T news

Netflix (Nasdaq: NFLX)
Netflix reported that its second-quarter earnings plummeted 91 percent, amid increased costs for its subscription services. The company reported a Q2 profit of $6.2 million, or 11 cents a share, down from $68.2 million, or $1.26 a share, the same period a year earlier. For Q2, revenue grew 13 percent, to $889.2 million. Netflix said it added 530,000 U.S. subscribers to its online video service from Q1 2012, bringing its total number of subscribers to 23.9 million. For the current period, Netflix forecast sales ranging from $890 million to $911 million, resulting in a loss of $6 million to a profit of $8 million.
- see this article
- see earnings release (.pdf)
- read the earnings-call transcript
- more Netflix news

July 25

Bell Aliant (Toronto: BA-UN.TO)
Bell Aliant reported its second-quarter IPTV revenue reached C$19 million ($18.81 million), with total IPTV customers of 95,100 at the end of June. Net IPTV customer additions were 10,200, compared to 5,500 a year earlier. Bell Aliant's net income fell to C$79 million ($77.5 million) from C$83 million a year ago. The company's operating revenues slid 0.7 percent, to C$688 million, from C$693 million last year. Bell Aliant reported Q2 profit of C$79 million, or C$0.35 per share, down from C$83 million, or C$0.36 per share, in the same period last year.
 - see this article
 - see earnings release
 - more Bell Aliant news

July 26

Amazon (Nasdaq: AMZN)
Amazon.com reported its services revenue, which includes its cloud-computing business Amazon Web Services, climbed 57 percent, to $2.04 billion. Amazon.com reported total second-quarter revenue of $12.83 billion, down 2.7 percent sequentially and up 29.5 percent from the year-ago period. The company reported profit of $7 million, or a penny a share, down from $191 million a year ago. For Q2, total sales rose 29 percent, to $12.83 billion.
 - see the earnings release
 - more Amazon news

July 31

Frontier Communications (Nasdaq:FTR)
Frontier Communications lost 7,000 FiOS TV subscribers in the second quarter. Overall, Frontier's revenue declined slightly to $1.26 billion; its net income fell to $18 million (2 cents per share) compared to $32.3 million (3 cents per share) during the second quarter of 2011.
- read this article 
- see the Frontier earnings release
- more Frontier Communications news

Aug. 1

Comcast (Nasdaq:CMCSA)
Comcast reported it lost 176,000 video subscribers during the second quarter, while it picked up 156,000 high-speed Internet and 158,000 voice customers.  Comcast's Q2 video revenue increased 2.2 percent, to $4.9 billion, while voice revenue increased 1.6 percent, to $878 million. Total revenue increased 6.12 percent, to $15.2 billion. 
 - read this article
 - see the earnings release
 - more Comcast news

Aug. 2

Consolidated Communications (Nasdaq:CNSL)
Consolidated Communications reported second-quarter revenue that was slightly higher than it posted for the same year-ago period. For Q2, revenues were $93 million, up 0.4 percent, over $93.6 million in the same-period 2012. Meanwhile, income from operations totaled $14.1 million, down from $14.7 million, in the same quarter last year, due to costs related to completing its acquisition of SureWest on and higher video programming costs.
 - read this article
 - see the earnings release
 - see the earnings-call transcript
 - more Consolidated Communications news

Aug. 3

TDS Telecom (NYSE:TDS)
Telephone & Data Systems Inc. reported second-quarter earnings that fell 54 percent amid a 30 percent decline in profits at the company's U.S. Cellular Corp. Meanwhile, the company said it added ILEC residential broadband and IPTV customers, and commercial managedIP customers, and increased revenues in its hosted and managed services business. Overall, TDS reported a profit of $42.3 million, down from $91.1 million in the year-ago period. Operating revenues increased 5 percent, to $208.5 million. TDS raised its operating-revenue guidance for the full year to a range of $850 million to $880 million, up from its previous projection of $810 million to $840 million.
- see the earnings release
- more TDS Telecom news

Aug. 7

Cincinnati Bell (NYSE:CBB)
The Ohio-based service provider said that Q2 2012 revenue was $368 million, up from $363 million in Q1 2012. Company operating income was $65 million, compared to $78 million in Q2 2011, while net income of $5 million resulted in diluted earnings per share of 1 cent, compared to 5 cents in the second quarter of 2011, both down from 2011 due primarily to a $13 million non-cash impairment write-down of assets.
- see this article
- the earnings release
- more Cincinnati Bell news

Aug. 8

CenturyLink (NYSE:CTL)
For its second quarter of 2012, CenturyLink's operating revenues were $4.61 billion, up from $4.41 billion in Q2 2011. The service provider said the revenue increase was the result of $278 million of revenue contributions from the Savvis acquisition it completed last July in addition to consumer broadband and its emerging Prism IPTV service.
- see this article
- see the earnings release
- more CenturyLink news

Aug. 10

Warwick Valley Telephone Company (Nasdaq: WWVY)
Warwick Valley Telephone Company reported second-quarter total operating revenues up 19 percent, to $6.9 million, from $5.8 million in the same period last year. The company, also known as WVT Communications Group, said its unified-communications revenues net of eliminations were $3.3 million, up 169 percent from $1.2 million in the year-ago period. Overall for Q2, the company posted a loss of $228,000, down from the $240,000 loss reported in Q2 2011.
 - see the earnings release
 - more WVT news

Aug. 13

UTStarcom Holdings Corp. (Nasdaq: UTSI)
UTStarcom reported second-quarter net sales of $56.5 million, or nearly 18 percent lower than the $68.7 million the company posted the same period last year. Meanwhile, its Q2 operating expenses fell nearly 22 percent year-over-year, to $19.6 million, compared to $25.1 million in Q2 2011. UTStarcom recently announced the divestiture of its IPTV business in a move that is expected to eliminate approximately $17 million in annual operating expenses.
 - see the earnings release
 - more UTStarcom news

 

TBA

SureWest Communications (Nasdaq:SURW)
- more SureWest Communications news

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