Canal+ Spain subscribers down 28,500 in 1Q 2013Thursday, May 9th, 2013
Grupo Prisa has announced financial results for the first quarter of 2013.
In Prisa TV (Canal+), revenues grew by 18.3% during the first quarter of 2013. This is explained mainly by a combination of growth in subscriber revenues from other platforms (which have grown by 6x thanks to football rights multi-distribution agreement) and growth in advertising (by +85.8%), lower satellite subscriber revenues (-1.3%) and lower services to third parties.
Canal+ maintains its leadership in the market according to the latest data published by the CMT (Spanish Telecommunications regulator), with a market share of 61.9% in 2012 (of 65.6% during the last quarter of the year) in pay TV revenues, and a market share of 41.4% on average in number of subscribers during 2012 (42.6% in the last quarter of the year). According to internal estimates, Canal+’s market share in number of subscribers for the first quarter of 2013 stood at 43% (implying an increase of 70 basis points since 4Q 2012).
Satellite subscribers fell during the first quarter of the year by 28,350, impacted by the weakness of the economic environment and domestic consumption. The evolution of satellite subscribers is as follows:
Mar 2013 Dec 2012 Chg. Abs --------- --------- -------- Satellite (DTH) 1,691,281 1,719,811 (28,530)
The number of subscribers with iPlus continued growing: as at March 2013 the number of subscribers with iPlus stood at 601,831, which implies a growth of 14,500 compared to December 2012, and a penetration of 35.6%.
iPlus Subscribers (thousands):
1Q12 2Q12 3Q12 4Q12 1Q13 ---- ---- ---- ---- ---- 530 574 578 587 602
The evolution of subscribers from other platforms / OTT to Canal+1 is as follows:
Mar 2013 Dec 2012 Chg. Abs --------- --------- -------- Other Platforms* 143,359 120,619 22,740
* Includes subscribers from agreements with telecom operators (wholesale) and OTT subscribers.
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