Megacable adds 6k video subscribers in 3Q 2019
Thursday, October 24th, 2019GUADALAJARA, Jalisco, Mexico — Megacable Holdings S.A.B. de C.V. (“Megacable” or “the Company”) (BMV:MEGA.CPO) announced today its financial results for the third quarter of 2019 (3Q19). Figures were prepared in accordance with International Financial Reporting Standards (IFRS). All figures are expressed in thousands of Mexican pesos (Ps.), unless otherwise indicated.
Video Subscribers
At the close of 3Q19, the Video segment reached 3,223,620 subscribers, a 1.4% increase, or 44 thousand net adds compared to 3Q18. When compared to 2Q19, subscribers for this segment grew by 6 thousand net adds. At the close of September 2019, Xview increased by 95 thousand net adds, reaching 716 thousand subscribers, an increase of 15.3% compared to 2Q19. The objective continues to be making the platform available to all subscribers. As such, the Company continues to experience outstanding usage levels and customer satisfaction. During the quarter, the Company registered 109 thousand net adds with HD service, reaching 911 thousand. 83% of total subscriptions is digitalized, through 4.8 million set-top boxes (STB).
Latest News
- Netflix posts first quarter 2024 results and outlook
- Graham Media Group selects Bitmovin Playback
- Dialog, Axiata Group, Bharti Airtel agree on merger in Sri Lanka
- Yahoo brings identity solutions to CTV
- Plex has largest FAST line-up with 1,112 channels
- TV3 migrates from on-prem servers to AWS Cloud with Redge