Topic: quarterly earnings
AT&T reported the addition of 312,000 users to its virtual pay TV platform, DirecTV Now, in the first quarter, with the company now describing its video business in full transition from satellite and IPTV to OTT.
Comcast reported 379,000 new high-speed internet users in Q1, with overall revenue up 10.7% to $22.8 billion, driven primarily by a hot NBCUniversal division.
The major pay TV operators will report collective losses of around 510,000 customers for the first quarter, Maquarie analyst Amy Yong predicted.
Verizon reported the loss of 22,000 Fios TV subscribers in the first quarter, a year over year decline in pay TV customers.
How did pay TV distributors, as well as leading vendors and OTT competitors, perform in 2018's first quarter?
A filing by the company overseeing construction of the Comcast Technology Center in Philadelphia shows that the project is $67 million over budget.
Montreal-based cable conglomerate Cogeco seems to be getting the growth it wanted from its Metrocast purchase in January.
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.
WideOpenWest reported a 7.3% decline in fourth-quarter revenue to $292.8 million, missing analysts’ consensus forecast by about $5.75 million.
U.S. cable, satellite and telco TV platforms experienced accelerated cord-cutting in 2017, according to S&P Global Market Intelligence firm Kagan.