Telefónica sees solid TV revenue and subscriber growth

Telefónica has seen solid growth in TV subscribers in the year to September, with revenue growth outpacing subscriber growth.

The company added a number of features to its TV offering in Spain and internationally in the quarter, launching the Home Zone multiscreen service and personalized recommendations in Spain, and music video service WatchMusic and mobile video service Studio+ – in partnership with Vivendi – in Latin America.

Telefónica had 8.397 million pay TV subscribers globally at the end of September, up 3% year-on-year but down slightly quarter-on-quarter from 8.422 million in June.

Video revenues grew by 9.9% year-on-year to €723 million.

In Spain, the company’s pay TV base stood at 3.711 million at the end of September, up 3.6% year-on-year, again with a seasonal dip on the June figure. The figure included 2.915 million IPTV and satellite customers who took Telefónica’s Fusión offering, up 24.6% year-on-year, along with 678,000 DTS satellite TV customers.

The company had 2.923 million TV customers in Spanish speaking Latin America, up 6.6%, and a further 1.762 million in Brazil, down 3.7%.

Telefónica as a whole had approximately 344 million revenue-generating units at the end of the third quarter, more or less flat year-on-year.