AT&T Lost TV Subs In Q2, But Still Beat Analysts’ Earnings Expectations

[osu1991]

AT&T Lost TV Subs In Q2, But Still Beat Analysts’ Earnings Expectations

AT&T just sent a potentially worrisome signal about pay TV distributors’ performance in Q2 with a report saying that DirecTV and U-verse lost 351,000 subscribers in the period — more than many analysts expected.

DirecTV shed 156,000 subs to end the period with 20.9 million, while U-verse lost 195,000 ending with 3.8 million. But the telco says the numbers were somewhat offset by a gain of 152,000 DirecTV Now subscribers, bringing the streaming service to “nearly 500,000.”

 

[IcEWoLF]

Not bad for DTV Now, but yeah losing 156+195= 351k subs is a big deal if this keeps happening every qt. I doubt they stabilize, there are so many options now, PSVue is leading the way and Netflix is doing fine on its own and Hulu is right there.
Its gonna be a competitive market. The pricing is whats driving people away, every year the fees keep going up, equipment cost, all these additional fees, receiver, dvr, and so on...