AT&T LOSES VIDEO SUBSCRIBERS IN Q2

 

Overall, the carrier ended its June 2016 with a total of 77.3 million wireless subscribers, with a churn rate of 0.97% for post-paid customers, the second-lowest churn rate AT&T has ever reported.

 

Where AT&T took some damage is with video subscribers, with the carrier losing 49,000 during the second quarter. Broken down, AT&T added 342,000 DirecTV subscribers, but lost 391,000 U-Verse customers as the company looks to double down on its DirecTV acquisition. Overall, 80 percent of AT&T’s 25.3 million television subscribers are on DirecTV, with AT&T chief financial officer John Stephens saying the second quarter is usually a slow one in the pay-for-TV business.

 

“We would expect to see improvements on both sides,” said Stephens, though the executive also mentioned AT&T’s upcoming DirecTV Now streaming service, which he said will impress folks who prefer streaming over subscribing to a video service.

 

Furthermore, the carrier raked in 74,000 IP broadband subscribers, down from the 186,000 it added during the first quarter, with total broadband revenues rising 7 percent. Unfortunately for AT&T, its 14.2 million broadband subscribers are down from its 14.4 million total during the first quarter.