Durham, NH — May 17, 2022 — Leichtman Research Group, Inc. (LRG) found that the largest pay-TV providers in the U.S. – representing about 93% of the market – lost about 1,955,000 net video subscribers in 1Q 2022, compared to a pro forma net loss of 1,910,000 in 1Q 2021, and 1,960,000 in 1Q 2020.
The top pay-TV providers now account for about 74.1 million subscribers – with the top seven cable companies having about 40.5 million video subscribers, other traditional pay-TV services having 26.2 million subscribers, and the top publicly reporting Internet-delivered (vMVPD) pay-TV services having about 7.4 million subscribers.
Key findings for the quarter include:
- Top cable providers had a net loss of about 825,000 video subscribers in 1Q 2022 – compared to a loss of about 780,000 subscribers in 1Q 2021
- Other traditional pay-TV services had a net loss of about 625,000 subscribers in 1Q 2022 – compared to a loss of about 865,000 subscribers in 1Q 2021
- Top publicly reporting vMVPDs had a net loss of about 505,000 subscribers in 1Q 2022 – compared to a loss of about 265,000 subscribers in 1Q 2021
“Pay-TV net losses of about 1.95 million in 1Q 2022 were similar to the net losses in the first quarters of 2021 and 2020,” said Bruce Leichtman, president and principal analyst for Leichtman Research Group, Inc. “Over the past year, top pay-TV providers had a net loss of 4,735,000 subscribers, similar to a loss of about 4,820,000 over the prior year.”
|Pay-TV Providers||Subscribers at end of 1Q 2022||Net Adds in 1Q 2022|
|Total Top Cable||40,485,721||(825,308)|
|Other Traditional Services|
|DISH TV (DBS)||7,993,000||(228,000)|
|Verizon Fios (Telco)||3,566,000||(78,000)|
|Total Top Other Traditional||26,222,000||(623,000)|
|Hulu + Live TV||4,100,000||(200,000)|
|Total Top vMVPD^^||7,408,245||(507,562)|
|Total Top Providers||74,115,966||(1,955,870)|
* LRG estimate
** LRG estimate of pro forma net adds
^ LRG estimate, includes DIRECTV, U-verse, and DIRECTV Stream
^^ List does not include YouTube TV or Philo, as neither regularly report results
Company subscriber counts may not solely represent residential households
Top pay-TV providers represent approximately 93% of all subscribers
Net additions reflect pro forma results from system sales and acquisitions, reporting adjustments, and changes to the list of top providers – therefore, comparing totals in this release to prior releases will not produce accurate findings
About Leichtman Research Group, Inc.
Leichtman Research Group, Inc. (LRG) specializes in research and analysis on broadband, media and entertainment industries. LRG combines ongoing consumer surveys with industry tracking and analysis, to provide companies with a richer understanding of current market conditions, and the potential impact and adoption of new products and services. For more information about LRG, please call (603) 397-5400 or visit www.LeichtmanResearch.com.
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