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AT&T Sheds 1.3 Million More DirecTV Customers, after Losing 5 Million since 2016

DirecTV sheds 1.3 million more customers

Credit: CNN Money

AT&T has lost yet another 1.3 million DirecTV subscribers, continuing the free-fall in satellite customers, as streaming gets more popular…

The end of Q3 2019 has DirecTV losing 1.3 additional subscribers of the satellite television service. AT&T recently reported a net loss of 1.163 million customers in its premium TV category, which includes DirecTV satellite and U-verse wireline TV services.

Another 1.3 Million DirecTV Subscribers Leave the AT&T Service

The latest losses leave AT&T with approximately 20.4 million satellite and wire-line subscribers. There are also 1.1 million streaming subscribers remaining. Since 2016, AT&T has lost nearly 5 million satellite and wire-line customers. (It previously boasted 25.3 million just about three years ago.)

AT&T’s quarterly Video Entertainment revenue fell from $8.3 billion to $7.9 billion year-over-year.

Overall, the entire company-wide revenue for AT&T and its many subsidiaries, including its own proprietary mobile network, came in at $44.6 billion for Q3 2019. But, that’s down from the same time next year, when it was $45.7 billion.

AT&T says about the numbers:

“Declines in revenues from legacy wireline services, WarnerMedia and domestic video, were partially offset by growth in strategic and managed business services, domestic wireless services and IP broadband.”

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