Vodafone Group TV subscribers down 116,000 in 4Q 2021
Wednesday, February 2nd, 2022
Vodafone Group Plc has released a Q3 FY22 trading update for the period ended 31st December 2021.
Germany
We continued to accelerate convergence penetration following a successful campaign, and our converged customer base increased by 238,000 to over 2.2 million Consumer converged accounts. Our TV customer base declined by 75,000 reflecting lower commercial activity, following the end of our successful ’12-month for free’ promotion in September.
Spain
Our broadband customer base also decreased by 50,000 and our TV customer base declined by 44,000, impacted by continued competitive intensity. We renewed our exclusive agreement with HBO Max in October, and through our partnerships with other content providers such as Disney, we have the most extensive library of movies and TV series in the market.
TV customers – Europe (thousands):
19/20 20/21 21/22 ---------------------- ------------------------------ ---------------------- Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ Germany[1] 13,712 13,639 13,578 13,528 13,493 13,418 13,342 13,406 13,380 13,305 Italy 174 208 235 233 290 302 302 306 299 287 Spain[1] 1,307 1,363 1,404 1,461 1,518 1,564 1,560 1,599 1,565 1,521 Portugal 646 664 679 692 713 735 749 764 780 796 Other 2,279 2,291 2,387 2,394 2,389 2,402 2,398 2,425 2,425 2,424 ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ Total 18,118 18,165 18,283 18,308 18,403 18,421 18,351 18,500 18,449 18,333 Other businesses Netherlands[2] 3,874 3,870 3,864 3,866 3,848 3,831 3,811 3,788 3,755
TV Customers – Europe Net additions (thousands):
19/20 20/21 21/22 ---------------------- ------------------------------ ---------------------- Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ Germany[1] -73 -73 -61 -50 -35 -75 -76 -75 -26 -75 Italy 48 34 27 -2 57 12 0 4 -7 -12 Spain[1] 20 56 41 57 57 46 -4 -4 -34 -44 Portugal 18 18 15 13 21 22 14 15 16 16 Other 5 12 12 7 -5 13 -4 27 0 -1 ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ Total 18 47 34 25 95 18 -70 -33 -51 -116 Other Netherlands[2] -9 -4 -6 2 -18 -17 -20 -23 -23
Notes:
1. Net additions for Q1 21/22 for Germany and Spain reflect the first time inclusion of OTT and boxless TV customers.
2. Net additions for Q2 21/22 exclude a base clean up of 10k customers.
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