AT&T adds 176,000 U-verse TV subs in Q3
AT&T (NYSE: T) said it added 176,000 new U-verse TV subscribers during the third quarter, growing its pay TV subscriber base to 3.6 million.
Click here for a detailed view of AT&T's Q3 results.
While AT&T picked up a substantial number of video customers from pay TV rivals such as Comcast (Nasdaq: CMCSA), Time Warner Cable (NYSE: TWC) and DirecTV (Nasdaq: DTV), the telco saw its U-verse TV subscriber growth slow compared to the second quarter, when it added 202,000 new U-verse TV customers.
AT&T also added 504,000 U-verse high-speed Internet customers during the third quarter. It grew its total broadband subscriber count to 4.5 million.
Some Wall Street analysts may criticize AT&T for showing slower growth with its U-verse TV product. But AT&T has been hiring local technicians to handle U-verse installs in recent weeks, suggesting that it continues to see strong demand for its IPTV-based programming service. It also continues to innovate with U-verse TV, announcing this week that it would offer subscribers the ability to integrate four social TV apps.
- see the earnings release
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