StarHub pay TV subscribers down 8,000 in 4Q 2021
Friday, February 11th, 2022
SINGAPORE — StarHub reported today Net Profit attributable to shareholders of $148.3 million for the full year ended 31 December 2021 on higher revenue of $2.04 billion.
Entertainment Services
Entertainment service revenue decreased 5.0% and 4.2% YoY in 2H2021 and the full year, respectively, mainly due to a lower subscriber base, offset by higher ARPU achieved by the higher-priced HomeHub bundled plans, lower commercial TV revenue and lower spending on advertising by Enterprise customers.
As of 31 December 2021, Pay TV subscribers stood at 279,000 after the quarter’s net churn of 8,000 subscribers. Compared to a year ago, Pay TV subscribers were lower by 35,000 or 11.2%.
ARPU was S$44 in 4Q2021 and S$42 for the full year, which was S$4 and S$3 higher YoY, respectively, compared to the corresponding periods last year (as explained above). Average monthly churn rate was at 1.1% in 4Q2021 and 1.2% for the full year.
As of 31 December 2021, total Entertainment subscribers stood at 444,000 after the quarter’s net addition of 36,000 subscribers. Compared to a year ago, total Entertainment subscribers were higher by 104,000 or 30.8%, mainly due to higher OTT take-up.
Quarter ended Full Year ended ------------------------- ---------------- YoY 31 Dec 30 Sep 31 Dec 31 Dec 31 Dec Incr/(Decr) Entertainment operating statistics 2021 2021 2020 2021 2020 % ---------------------------------- ------- ------- ------- ------- ------- ----------- Number of residential Pay TV subscribers (in thousands) 279 287 314 279 314 (11.2) ARPU (S$ per month) 44 43 40 42 39 7.6 Average monthly churn rate 1.1% 1.2% 0.9% 1.2% 0.6% - Total Entertainment subscribers* (in thousands) 444 408 340 444 340 30.8
Includes residential Pay TV subscribers (with and without over-the-top (“OTT”) subscriptions) as well as Mobile and Broadband subscribers with OTT subscriptions
Links: StarHub
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