Megacable video subscribers up 49,000 in 3Q 2022
Thursday, October 27th, 2022![Megacable logo Megacable logo](https://www.digitaltvnews.net/wp-content/uploads/logos/megacablecommx.png)
GUADALAJARA, 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 2022 (3Q22). Figures were prepared in accordance with International Financial Reporting Standards (IFRS). All figures are expressed in thousands of Mexican pesos (Ps.), unless otherwise stated.
Video Subscribers
The Video Segment reached 3,592,188 subscribers at the end of 3Q22, an increase of 76 thousand net adds over the 3Q21, equal to 2.2%. Compared to the previous quarter, the Video Segment’s subscriber base grew by 1.4%, equivalent to 49 thousand net adds.
The Xview platform maintained its upward trend and reached 2,913,758 set top boxes (STBs), which represents a 28.7% growth, and close to 650 thousand net adds compared to 3Q21. On a sequential basis, the Company recorded over 206 thousand net adds. In addition, digital subscribers accounted for 89% of the Company’s subscribed base through more than 5.2 million STBs.
Video Subscribers:
4Q 2021 4Q 2020 % Var --------- --------- ------ Video 3,539,822 3,412,627 3.7% - Xview 2,401,261 1,157,458 107.5% 1Q 2022 1Q 2021 % Var --------- --------- ------ Video 3,541,998 3,436,267 3.1% - Xview 2,556,237 1,404,064 82.1% 2Q 2022 2Q 2021 % Var --------- --------- ------ Video 3,543,478 3,457,531 2.5% - Xview 2,707,217 2,060,455 31.4% 3Q 2022 3Q 2021 % Var --------- --------- ------ Video 3,592,188 3,516,194 2.2% - Xview 2,913,758 2,263,787 28.7%
Links: Megacable
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