DIRECTV lost a net of 188,000 subscribers in the first quarter while AT&T’s U-Verse gained a net of 1,000 in the time period, AT&T announced today.
The telco also reported that its live streaming service, DIRECTV Now, added a net of 312,000 subscribers in the first quarter, bringing its total at first quarter’s end to nearly 1.5 million.
Thanks to DIRECTV Now, AT&T posted a net gain of 125,000 video subscribers from January to the end of March.
However, despite the overall positive result, AT&T has yet to find a solution to the continuing decline of video subscribers for DIRECTV.
DIRECTV lost a net of 147,000 subscribers in the fourth quarter. U-verse has experienced far greater losses in previous quarters although it added a net of 1,000 in the first quarter.
The telco blamed “heightened competition in linear pay-TV markets and…over-the-top
services” for the loss in satellite TV subs.
AT&T finished the first quarter with 25.4 million video subscribers.
— Phillip Swann