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Variety

AT&T Loses Whopping 1.4 Million TV Customers in Q3

Oct 28, 2019  •  Post A Comment

“[F]or the third quarter of 2019, AT&T’s pay-TV business continued to be in free-fall, crimping revenue and hurting the bottom line,” reports Variety.

The story says, “AT&T dropped a net 1.16 million premium TV video subscribers, including at DirecTV, while its over-the-top AT&T TV Now service dropped 195,000 net customers, for a total net loss of 1.36 million video subs. The company attributed about 225,000 of those losses to programming blackouts. As of the end of the period, AT&T had 21.6 million total video customers, which included 1.1 million AT&T TV Now subscribers — down 3.6 million from 25.2 million a year earlier.

“[AT&T CEO Randall] Stephenson suggested the rate of AT&T’s pay-TV losses peaked in Q3, noting that the third quarter is historically weak for the pay-TV business on [a] call with investors. He promised significant improvement in the pay-TV numbers for Q4 with subscriber trends getting better moving into next year. The DirecTV satellite business continues to provide strong free cash flow but Stephenson said the recently debuted internet-delivered AT&T TV service will become the standardized, primary go-to-market television offering and HBO Max will ‘become the workhorse’ for the video business.

“In the video business, ‘we ultimately get down to two products,’ Stephenson said: satellite TV and a streaming service premised on HBO Max platform that will expand beyond subscription VOD to eventually incorporate live programming. Stephenson officially announced that AT&T is forecasting 50 million HBO Max subscribers in the U.S. by 2025.”

 

3 Comments

  1. Couldn’t happen to a better Company.

  2. The gig is up! What a horrible company before and after AT&T

  3. AT&T NEEDS TO THROW OUT THE WINDOW THE CEO OF FAKE NEWS CNN ALIAS COMMUNIST NEWS NETWORK ALIAS CLINTON NEWS NETWORKS KING OF PEDIFILERS WELL KNOWN LIKE PRESIDENT TRUMP WHITEWASH YOUR NEGATIVES JAKE TOPPER ,GARBAGE CAN LEMON, AND ALL THE REST ,I AM NOT A LISTENNER BUT I OFTEN LISTEN TO HEAR THE STUPID THINGS THEY ALL REPORT VERRY SAD LAST NIGHT I WAS SURPRISED U HAD FOREIGNERS [ENGLISH GENTLEMAN ON AND THEY CAPTURED MY ATTENTION ,EVER THING AND PEOPLE NEEDS A BEGINNING,,, SOMETIME KEEP IT UP ,I PURCHASED A&TT CELL LOTS OF PROBLEMS BUTTTT WHEN I FOUNDOUT U ZOMBIES OWNED CNN I COULDNT GET RID OF U FAST ENOUGH ,,,I AM NOT ALONE ,I OWN AT&T STOCK ,AS A FORMER U SMARINE FORTHEFIRST TIME I FEARED CHECKING ON YOUR STOCK ,,,DO AN ABOUT FACE ANNOUNCE CROOKED JOE AND FAMILY NEEDS A NEW HOME IN GITMO ,,,TRUMP WAS THE REAL WINNER ,HE NEEDS TO KEEP AMERICA GOING FORWARD ,

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