DirecTV Latin America loses 21,000 subscribers in Q416

DirecTV Latin America recorded 12.45 million subscribers in the region at the end of Q416, including 5.25 million in Brazil. During the period, the company lost 21,000 net pay TV subscribers, due to declines in Brazil (-1.6% QoQ) that were partially offset by gains in Chile, Colombia, Uruguay and Ecuador.

The total figure does not include Sky Mexico’s subscriber base, which is 59% owned by Televisa. At the end of Q316 this operator had approximately 7.9 million subscribers. Televisa has not yet reported the Q416 data.

AT&T reported that total revenues from Latin America were USD 1.26 billion, up 4.6% compared to previous year, but 2.8% less than Q316. The company said that DirecTV Latin America revenues “reflect macroeconomic pressure with mixed local currencies”. Operating income was USD49 million with continued positive free cash flow.

AT&T owns 100% of DirecTV’s operations serving Argentina, Chile, Colombia, Ecuador, Peru, Uruguay, Venezuela and parts of the Caribbean. It also owns 93% of Sky Brasil.