AT&T Signs up More Pay TV Subscribers in Third Quarter
The telecom giant gained 198,000 U-Verse TV customers, while growth momentum slowed at competitor Verizon.
Telecom giant AT&T on Wednesday said it signed up 198,000 net new subscribers to its U-verse pay TV service during the third quarter.
That brought the total U-Verse TV subscriber base to 4.3 million as of the end of September.
The user growth in the latest quarter was ahead of the 176,000 U-Verse TV gains that AT&T had recorded in the corresponding period last year. The growth momentum also exceeded the 155,000 new U-Verse customers who signed up in the seasonally slower second quarter.
Barclays Capital analyst James Ratcliffe had expected 160,000 new U-Verse video users in the third quarter.
Last week, fellow telecom firm Verizon reported slower subscriber growth momentum. It added 119,000 FiOS pay TV subscribers in the third quarter, down from 131,000 in the year-ago period.
The telecom giants kicked off earnings season for pay TV companies.