DIRECTV up 342k; U-Verse down 391k; DTVLA up 87k subscribers in 2Q 2016
Thursday, July 21st, 2016
342,000 U.S. DIRECTV net adds; 38,000 global TV net adds
- Nearly 1 million U.S. satellite net adds since acquisition of DIRECTV
DALLAS — AT&T Inc. (NYSE:T) today reported revenue, net income, adjusted EPS and free cash flow growth for the second quarter.
Entertainment Group
Total video subscribers were down 49,000 in the quarter. The company added 342,000 satellite subscribers in the second quarter. U-verse TV subscribers declined 391,000 as the company continued to focus on profitability and increasingly emphasized satellite sales. The Entertainment Group ended the quarter with 25.3 million video subscribers.
Video (in thousands)
9/30/14 12/31/14 3/31/15 6/30/15 9/30/15 12/31/15 3/31/16 6/30/16 -------- -------- -------- -------- -------- -------- -------- -------- Connections U-verse 6,067 5,943 5,993 5,971 5,880 5,640 5,232 4,841 DIRECTV - - - - 19,570 19,784 20,112 20,454 Total 6,067 5,943 5,993 5,971 25,450 25,424 25,344 25,295 Additions U-verse 216 -124 50 -22 (91) (240) (382) (391) DIRECTV - - - - 26 214 328 342 Total 215 73 50 (22) (65) (26) (54) (49)
International – DIRECTV Latin America
AT&T is a leading provider of pay television services in Latin America and owns 100% of its satellite operations serving Argentina, Chile, Colombia, Ecuador, Peru, Uruguay, Venezuela and parts of the Caribbean. It also owns approximately 93% of Sky Brasil and 41% of Sky Mexico. Sky Mexico financial results are accounted for as an equity method investment.
Second-quarter subscriber net adds were 87,000, driven by gains in Argentina overcoming subscriber pressure caused by the earthquake in Ecuador. Total subscribers at the end of the quarter were 12.5 million. Sky Mexico added 121,000 subscribers in the second quarter and had approximately 7.8 million subscribers as of June 30, 2016.
Video (in thousands)
9/30/15 12/31/15 3/31/16 6/30/16 -------- -------- -------- -------- Connections Brazil 5,538 5,444 5,342 5,348 Other Countries 7,006 7,066 7,094 7,175 Total 12,544 12,510 12,436 12,523 Additions Brazil (129) (94) (101) 6 Other Countries 16 60 28 81 Total (113) (34) (73) 87
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