Megacable video subscribers up 84,000 in 2Q 2023

Friday, July 28th, 2023 
Megacable logo

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 second quarter of 2023 (2Q23). 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 3,845,844 subscribers at the end of 2Q23, registering 302 thousand net adds or 8.5% growth versus 2Q22. Compared to the previous quarter, the Video Segment subscriber base grew 2.2%, or 84 thousand net adds.

The Xview platform maintained its upward trend and reached 2,637,103 subscribers, representing a 42.5% growth and more than 786 thousand net adds compared to 2Q22. Sequentially, there were close to 124 thousand new subscribers. The above, through 3,950,925 set top boxes (STB).

Video Subscribers:

     1Q21       2Q21       3Q21       4Q21
---------  ---------  ---------  ---------
3,436,267  3,457,531  3,516,194  3,539,822

     1Q22       2Q22       3Q22       4Q22
---------  ---------  ---------  ---------
3,541,998  3,543,478  3,592,188  3,675,615

     1Q23       2Q22       3Q22       4Q22
---------  ---------  ---------  ---------
3,761,912  3,845,844

Links: Megacable