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Monday, July 10, 2023

Pay TV Lost 2.2M+ Customers During 1Q 2023


Leichtman Research Group, Inc. (LRG) found that the largest pay-TV providers in the U.S. – representing about 96% of the market – lost about 2,215,000 net video subscribers in 1Q 2023, compared to a pro forma net loss of about 1,850,000 in 1Q 2022. 

The top pay-TV providers now account for about 73.7 million subscribers – with the top seven cable companies having about 36.8 million video subscribers, other traditional pay-TV services having 23.4 million subscribers, and the top Internet-delivered (vMVPD) pay-TV services (now including an estimate for YouTube TV) having about 13.5 million subscribers.

📺Cable Companies Total Customers and (Loss During 1Q):
  • Comcast 15,528,000 (614,000)
  • Charter 14,906,000 (241,000)
  • Altice 2,475,800 (60,500)
  • Breezeline 300,684 (8,943)
  • Cable One 167,000 (14,500)
  • Other major private companies 3,440,000 (120,000)
➤Total Top Cable 36,817,484 (1,058,943)

Key findings for the quarter include:


  • Top cable providers had a net loss of about 1,060,000 video subscribers in 1Q 2023 – compared to a loss of about 825,000 subscribers in 1Q 2022
  • Other traditional pay-TV services had a net loss of about 760,000 subscribers in 1Q 2023 – compared to a loss of about 625,000 subscribers in 1Q 2022
  • Top vMVPDs had a net loss of about 395,000 subscribers in 1Q 2023 – compared to a loss of about 400,000 subscribers in 1Q 2022
  • “Pay-TV net losses of about 2.2 million in 1Q 2023 were more than in any previous quarter,” said Bruce Leichtman, president and principal analyst for Leichtman Research Group, Inc.  “Similar to recent quarters, the record net losses appear to be as much a function of a slowdown in new connects as an increase in disconnects.”

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