AT&T, Verizon see significant IPTV subscriber drop-off
DetailsMichelle Clancy | 27 July 2015
Following quarter after quarter of leading TV additions — offsetting cable losses — the US IPTV services Verizon FiOS and AT&T U-verse have had their worst quarter of video customer growth ever.
Together, the two leading US telcos added just 4,000 subscribers between them in Q2 — mostly because AT&T lost 22,000 video customers. Verizon gained only 26,000 video subs in the second quarter.
In comparison, in the second quarter of 2014 Verizon added 100,000, and AT&T added 190,000. And the year before that, in Q2 2014 the two added 373,000 IPTV video subscribers between the two of them.
Meanwhile, cable continues to bleed customers: Comcast lost 69,000 TV customers in the second quarter.
Overall, it spells bad news for US pay-TV.
"Seasonality won't help," analyst Craig Moffett wrote in an investor note. "The second quarter is always the weakest of the year. We estimate that the pay TV sector shed 321,000 subscribers in Q2 of last year. This year, we expect that number to be markedly worse."