AT&T U.S. down 1,358k; Vrio down 167k video subs in 3Q 2019
Monday, October 28th, 2019DALLAS — AT&T Inc. (NYSE:T) has reported results for the third quarter of 2019.
Entertainment Group
Subscriber Metrics:
- Premium TV subscribers: (1,163,000) net loss due to customers rolling off promotional discounts, programmer disputes and competition as well as lower gross adds due to the continued focus on adding higher value customers
- AT&T TV NOW subscribers: (195,000) net loss due to higher prices and less promotional activity
Video (in thousands):
Three Months Ended ------------------------------------------------------------------------------ 12/31/17 3/31/18 6/30/18 9/30/18 12/31/18 3/31/19 6/30/19 9/30/19 -------- -------- -------- -------- -------- -------- -------- -------- Connections Satellite 20,458 20,270 19,984 19,625 19,222 U-verse 3,631 3,632 3,656 3,669 3,681 -------- -------- -------- -------- -------- -------- -------- -------- Premium TV 24,089 23,902 23,640 23,294 22,903 22,359 21,581 20,418 Over-the-Top* 1,155 1,467 1,809 1,858 1,591 1,508 1,340 1,145 -------- -------- -------- -------- -------- -------- -------- -------- Total 25,244 25,369 25,449 25,152 24,494 23,867 22,921 21,563 Net Adds Satellite -147 -188 -286 -359 -403 U-verse -60 1 24 13 12 -------- -------- -------- -------- -------- -------- -------- -------- Premium TV -207 -187 -262 -346 -391 -544 -778 -1,163 Over-the-Top* 368 312 342 49 -267 -83 -168 -195 -------- -------- -------- -------- -------- -------- -------- -------- Total 161 125 80 -297 -658 -627 -946 -1,358
* Over-the-top connections include AT&T TV NOW and exclude WatchTV, which launched near end of June 2018, during its promotional period. AT&T TV NOW connections as of 3Q19 include 12 thousand free or substantially free trial-period subscribers. AT&T has successfully retained many subscribers after the expiration of their trial period.
Latin America – Vrio
Subscriber Metrics:
- 167,000 net losses; total subscribers at the end of the quarter were 13.3 million
Video (in thousands):
Three Months Ended ------------------------------------------------------------------------------ 12/31/17 3/31/18 6/30/18 9/30/18 12/31/18 3/31/19 6/30/19 9/30/19 -------- -------- -------- -------- -------- -------- -------- -------- Connections 13,629 13,573 13,713 13,640 13,838 13,584 13,473 13,306 Net Adds 139 -15 140 -73 198 -32 -111 -167
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