DirecTV Loses 188,000 Satellite Customers, but OTT Subscribers Are Streaming In
By Adrienne Harebottle | April 26, 2018
DirecTV sees first quarter decline in satellite TV subscribers but streaming service subscribers grow. Photo Credit: DirecTV
DirecTV continues to lose satellite TV subscribers, but its streaming service has grown to nearly 1.5 million subscribers, somewhat cushioning the blow for owner AT&T. More than 312,000 DirecTV Now streaming service customers signed up in the first quarter of the year. While this helped AT&T maintain its pay-TV subscriber base, it still saw its shares slip nearly 5 percent in after-hours trading after the company missed Wall Street’s profit estimates. Investors also learned that DirecTV lost 188,000 satellite TV subscribers in the quarter.