Singtel TV subscribers down 3,000 in 3Q 2021

SINGAPORE — Singtel has provided a business update for its second quarter ended 30 September 2021.

Pay TV

Pay TV revenue declined 2.3% due to a lower customer base but was partially offset by subscriptions for the UEFA EURO 2020 football championship.

Singtel finished the quarter with 368,000 pay TV subscribers, down 3,000 versus the end of the previous quarter, and down 9,000 year-on-year.

                                                Quarter       Half Year
                                 ----------------------          30 Sep   YOY
                                 30 Sep  30 Jun  30 Sep  --------------  Chge
                                   2021    2021    2020    2021    2020     %
                                 ------  ------  ------  ------  ------  ----
Singtel TV revenue (S$'M)            50      51      51     102     103  -1.5
Average revenue per residential
 TV customer per month (S$)          41      41      41      41      41  -1.0
Residential TV customers (000s)     368     371     377     368     377  -2.4

Amobee

Operating revenue grew by 24% due to higher advertising revenue from Amobee’s programmatic platform in contrast to the last corresponding half year when customers cut back significantly on advertising spend as a result of the pandemic. Consequently, EBITDA was US$5 million compared to the EBITDA loss of US$4 million in the first half of last year.