It’s earnings season, and we are slowly getting a look at the number of TV subscribers each traditional pay-TV service is losing every month. So far, Comcast, AT&T, Spectrum, and Verizon Fios have reported losses totaling 669,000.
According to the earning reports, Verizon Fios lost 151,000 subscribers, Comcast lost 106,000 subscribers, Spectrum lost 66,000 subscribers, and AT&T lost 346,000 subscribers totaling 669,000 subscribers in the third quarter of 2018. This works out to 233,000 Americans canceling traditional pay-TV every month or about 7,700 people canceling cable TV every day. At this rate, just these four pay-TV providers will lose almost 2.8 million subscribers over the next year.
We are still waiting for several pay-TV providers to report numbers. DISH is one of the last major TV companies to report, but they are also expected to see their subscriber numbers drop in the third quarter of 2018. Keep an eye out for the number of people dropping pay-TV to go up in the weeks to come as smaller cable TV companies report their numbers also.
When did you cancel your cable or satellite provider? Leave us a comment and let us know your cord cutting story.
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