Singtel TV subscribers down 3,000 in 3Q 2021
Thursday, November 11th, 2021SINGAPORE — 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.
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