DirecTV loses 73,000 subscribers in Q3

AT&T announced its financial results for the third quarter of 2018. In the report, the group reported that Vrio, the unit that comprises DirecTV businesses in Latin America, registered net losses of 73,000 subscribers during the period (even with gains in Brazil), “due to the completion of the World Cup”. The company ended the quarter with 13.6 million subscribers.
In the second quarter, DirecTV had registered 140,000 net additions, thanks to the soccer World Cup. The operator aired all the 64 games and took a great advantage of the event growing in key markets like Chile and Colombia. Although it remained as the second regional player in terms of subscribers, during that period it reduced the gap with the leader América Móvil to its historical minimum: 0.8%, according to Dataxis.
Total Q3 subscriber base does not include Sky Mexico (Televisa-AT & T), which in June 2018 had approximately 8 million customers. Brazil is the group’s main market in terms of subscribers. In August, Sky Brasil had 5.21 million clients and 29.3% market share, according to data from regulator Anatel.
At the end of the third quarter, Total Vrio revenues were USD 1.1 billion, down 19.1% year over year “due primarily to foreign exchange pressures”. According to the company, “Vrio revenues reflect price increases driven by macroeconomic conditions with generally depreciating local currencies.”