Videocon d2h adds 140,000 net subscribers in 1Q 2017

MUMBAI, India — Videocon d2h Limited (NASDAQ: VDTH) (“Videocon d2h” or the “Company”) announced its financial results for the year ended March 31, 2017.

The Company added 2.24 million gross subscribers and 1.05 million net subscribers during Fiscal 2017. Net subscribers totaled 12.91 million as of March 31, 2017. Monthly churn came in at 0.80% for the year as compared to a monthly churn of 0.73% in Fiscal 2016. Subscriber acquisition costs in the form of hardware subsidies were INR 1,923 per subscriber during the fourth quarter of Fiscal 2017.

Subscriber Base (millions)

                                       FY16                        FY17
                 --------------------------  --------------------------
                    Q1     Q2     Q3     Q4     Q1     Q2     Q3     Q4
                 -----  -----  -----  -----  -----  -----  -----  -----
Total            10.64  10.84  11.27  11.86  12.29  12.52  12.77  12.91
Gross Additions   0.61   0.57   0.67   0.79   0.60   0.59   0.58   0.47
Net Additions     0.46   0.20   0.43   0.59   0.43   0.23   0.25   0.14