Topic: pay TV subscriber losses
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.
As investors fret about the impacts of OTT competition and hurricanes on large pay-TV operators, Charter CEO Tom Rutledge made a bold prediction.
Comcast CEO Brian Roberts used his pulpit at the Goldman Sachs Communacopia Conference Tuesday to calm investors following panic last week.
After steadily gobbling up IPTV customers over the last decade, Verizon Fios posted its third quarter of pay TV subscriber losses in the last year.