Megacable video subscribers flat in 1Q 2019Monday, April 29th, 2019
GUADALAJARA, Jalisco, Mexico — Megacable Holdings S.A.B. de C.V. (“Megacable” or “the Company”) (BMV:MEGA.CPO) announced today its financial results for the first quarter of 2019 (1Q19). Figures were prepared in accordance with International Financial Reporting Standards (IFRS). All figures are expressed in thousands of Mexican pesos (Ps.), unless otherwise indicated.
At the close of 1Q19, the video segment reached 3,196,828 subscribers, a 3.1% increase, or 96 thousand net adds compared to 1Q18. When compared to 4Q18, subscribers for this segment remained flat.
At the close of March 2019, 81% of total subscriptions is digitalized, through 4.9 million set-top boxes (STB). Xview increased by 60 thousand net adds, reaching 503 thousand subscribers, up 13.6% compared to 4Q18. The Company continues to work on maintaining the highest level of customer satisfaction of this platform, as well as increasing its current content available.