AT&T Corp.'s U-verse TV service continued to lose subscriber momentum in the third quarter when compared to earlier quarters of the year.
The telco giant's video service, which competes with cable and satellite TV providers, added 240,000 subscribers in the latest quarter, up from 232,000 in the year-ago period. But the growth was down from the 248,000 adds recorded in the second quarter and the 284,000 in the first.
U-verse now has a total user base of 1.8 million.
Including AT&T customers who get satellite TV service as part of a product bundle, AT&T ended the third quarter with 4 million total video subscribers.
The U-verse broadband service added 252,000 net new users in the three months ended Sept. 30.
"AT&T U-verse has good traction and is redefining our wired consumer experience," said CEO Randall Stephenson.
On a conference call, CFO Rick Lindner predicted overall U-Verse revenue to top $2 billion this year. AT&T's third-quarter profit declined 1.2 percent to $3.2 billion on revenue of $30.9 billion, down 1.6 percent. Verizon reports earnings and latest subscriber figures for its FiOS TV service next week.
Nielsen Business Media