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AT&T: More Bad News For DIRECTV, U-verse

Subscribers continue to flee the two TV services.

This young man is experience intense stress over a time of economic downturn or other financial hardship.

DIRECTV lost a net of 147,000 subscribers in the fourth quarter while AT&T’s U-Verse lost 60,000 in the time period, AT&T announced today.

The telco also reported that its live streaming service, DIRECTV Now, added a net of 368,000 subscribers in the fourth quarter, bringing its total at year’s end to nearly 1.2 million.

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Thanks to DIRECTV Now, AT&T posted a net gain of 161,000 video subscribers from October to the end of December.

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However, despite the overall positive result, AT&T has yet to find a solution to the continuing decline of video subscribers for DIRECTV and U-verse.

DIRECTV and U-verse lost a net of 251,000 and 134,000 subscribers respectively in the third quarter, and U-verse has experienced far greater losses in previous quarters.

AT&T today said total revenues for its entertainment unit, which includes the TV services, were $12.7 billion for the 2017 fourth quarter. That’s a decline of 3.5 percent compared to the 2016 fourth quarter.

The telco blamed “declines in legacy services and in traditional TV subscribers” for the revenue fall.

AT&T finished the year with 25.2 million video subscribers.

“Traditional video subscribers (from DIRECTV and U-verse) declined 207,000 in the fourth quarter due to heightened competition in traditional pay-TV markets and over-the-top services,” AT&T said in its earnings report.  “Satellite subscribers declined by 147,000 in the quarter and IPTV subscribers (U-verse declined by 60,000. About 85 percent of the traditional video base is now on the satellite platform.”

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— Phillip Swann

About TV Answer Man (874 Articles)
The TV Answer Man is veteran journalist Phillip Swann who has covered the TV technology scene for more than two decades. He will report on the latest news and answer your questions regarding new devices and services that are changing the way you watch television.

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