Megacable video subscribers up 83,000 in 4Q 2022
Thursday, February 23rd, 2023GUADALAJARA, 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%
Links: Megacable
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