Megacable video subscribers up 83,000 in 4Q 2022

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 fourth quarter of 2022 (4Q22) and full-year 2022. Figures were prepared in accordance with International Financial Reporting Standards (IFRS). All figures are expressed in thousands of Mexican pesos (Ps.), unless otherwise stated. The comparison is made with audited figures for 2021, released on May 3, 2022.

Video Subscribers

The Video Segment reached 3,675,615 subscribers at the end of 4Q22, an increase of 136 thousand net adds over the 4Q21, equal to a growth of 3.8%. Compared to the previous quarter, the Video Segment’s subscribers base grew by 2.3%, equivalent to 83 thousand net adds.

The Xview platform maintained its upward trend and reached 3,503,427 set top boxes (STBs), which represents a 46% growth and more than 1.1 million net additions compared to 4Q21. Sequentially, close to 590 thousand net adds were recorded. In the same line, digital subscribers accounted for 90% of the Company’s subscribed base through more than 5.3 million STBs.

Video Subscribers:

           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%

           4Q 2022    4Q 2021   % Var
         ---------  ---------  ------
Video    3,675,615  3,539,822    3.8%
- Xview  3,503,427  2,401,261   45.9%