New subscriber growth has taken Israeli satellite platform Yes to a new subscriber high.
But CEO Ron Eilon is still critical of the current regulatory environment.
“This quarter, we again posted growth in the number of subscribers, reaching a record 634,000 subscribers. These gains were made despite the entry of new players into the TV market and severe regulatory restrictions which are still being imposed selectively on some players, but not on others,” he said.
The additional 2,000 subscribers came alongside a first quarter 3.9% revenue increase to NIS 440 million. However, operating profit fell by 19% to NIS 59 million.