Dish TV India added more than 508,000 new pay-TV subscribers in its latest fiscal quarter, a record.
The company this week said Q4 fiscal 2016 consolidated subscription revenues topped $109.4 million (Rs. 7,410 million) up 12.6% from a year ago, and operating revenues of $118.1 million (Rs. 7,993 million), up 9.5% year-over-year.
Time Warner Cable – which could be consumed by Charter Communications by mid-May if its takeover bid is approved – delivered better-than-expected Q1 results with adjusted earnings of $518 million, or $1.81 per share, compared to $1.65 a year ago, on revenue that rose 7% to $6.19 billion. Analysts expected adjusted earnings of $1.74 a share on revenue of $6.14 billion.
Charter Communications reporter bigger-than-expected losses for the first quarter of $188 million, or $1.68 per share, about double what Wall Street had expected.
The company blamed weakness in its video business for the disappointing earnings on revenue of $2.53 billion, up more than 7% and in line with analyst forecasts. A year ago, Charter lost $81 million (73 cents per share) in the first quarter last year.
Comcast today reported it added 53,000 subscribers in Q1, it’s best first quarter subscriber results in nine years, on top of better-than-expected earnings.
The operator reported EPS of 84 cents, beating the 79 cents Wall Street expected. It also beat on revenues, reporting $18.8 billion, besting the forecast $18.6 billion. Revenue for the quarter was $18.79 billion, topping last year’s Q1against figure of $17.85 billion.
Verizon saw its FiOS video subscribers growth remain stunted in the first quarter, adding just 36,000 new customers and lending weight to rumors that the company may be looking to exit the traditional pay-TV market to focus on an Internet and mobile play instead.
The company reported EPS of $1.06, in line with Wall Street expectations, but missed expected revenues by $320 million, coming in at $32.17 billion.
Dish Networks made a little more money than expected and lost more pay-TV subscribers than expected in the first quarter, but CEO Charlie Ergen and Sling TV CEO Roger Lynch spent most of the company’s earnings call with analysts talking about the challenges – and opportunities – of over-the-top video, especially in relation to Millennials.
The call revealed an interesting perspective for a company that knows big changes are coming and wants to stay ahead of them.
Netflix shares followed what has become the norm following the company’s earnings releases, plummeting more than 11% in early trading today as investors pulled back following weak subscriber guidance during its Q1 earnings call Monday.
U.S. operators – especially satellite providers Dish Network and DirecTV – have been gearing up for 4K/UHD for the past couple of years, seeing it as a potential salve to the rash of cord cutting that has been rampant among pay-TV services. But remarks from Liberty Global President & CEO Mike Fries, during that company’s Q4 2015 earnings call this week, suggest the infatuation with Ultra HD might not be a universal one… at least not yet.
If ever you doubted that consumers had replaced content as the key ingredient in this digital revolution, here’s more that shows even the most traditional media companies are revising their thinking.
During today’s Time Warner Q4 2015 earnings call with analysts, CEO Jeff Bewkes, who once likened Netflix’s chance for major to success to the likelihood of the Albanian army taking over the world, said:
Charter Communications, which added 115,000 high-speed Internet subs in Q4, sees the broadband business as a major opportunity that it so far has under penetrated.
Charter Communications added subscribers in Q4 and for the full year in 2015, the first time it’s managed to do that in a decade, but it came at a cost; the company reported a loss of $1.09 EPS in Q4, compared to a loss of 44 cents in Q4 2014, missing Wall Street’s expected 18-cent loss by 91 cents and earning a wrist slap from investors in pre-market trading.
Comcast beat Wall Street estimates on revenues for Q4 2015, with sales of $19.08 billion for the quarter, off $320 million; EPS was 81 cents, missing by 1 cent.
For the quarter Comcast added 89,000 video customers, editing the year down 36,000 customers, its best video subscriber numbers in eight years and a result that CEO Brian Roberts, during the company’s earnings call, described as “heroic.”