Cable Companies Likely to Lose Over 9 Million Subscribers in 2023

Television Companies Likely to Shed Over 9 Million Customers

Over 9 million customers might be dropped by television companies in 2023, as per reports.

There is an alarming pace of subscriber decline witnessed by television providers. Comcast, Dish, and Spectrum together observed a reduction of 930,241 subscribers in the first quarter of 2023.

This downward pattern is predicted to persist, with estimations indicating that television providers may encounter a loss of over 9.3 million customers this year.

This movement can be credited to different factors, including the growing popularity of IPTV services, accessibility of free streaming applications and streaming websites, the rise of OTA antennas, and more.

Television companies are losing customers at an alarming pace.

Television Companies Losing Millions of Subscribers

dish tv

Dish TV

By the end of 2022, Dish TV had 7.416 million subscribers, a number that has decreased to 7.10 million, resulting in a net loss of 316,000 subscribers.

This equates to an average loss of 3,473 customers per day, partially attributed to a security breach that halted the addition of new customers for a significant period in Q1.

Spectrum

Spectrum

Spectrum encountered a subscriber decline of 241,000 in the initial quarter of 2023, translating to around 2,648 customers opting out daily and leading to a revenue loss of approximately $4.3 billion for the company.

This reduction is notable compared to the 112,000 customer decrease reported in Q1 of 2022. Furthermore, the company lost 220,000 voice customers who transitioned to mobile-only, deeming landlines obsolete.

Comcast

Comcast

Comcast also faced substantial losses, with 614,000 video customers canceling their subscriptions, resulting in an average of 6,737 cancellations per day.

This signifies a considerable increase from the 440,000 customers lost in the final quarter of 2022. The company’s revenue dropped by 4.3 percent to just over $29 million in this quarter.

As streaming platforms continue to rise in popularity compared to traditional television agreements, services like Peacock TV have flourished, acquiring an impressive 22 million new customers in the first quarter. This marks a 60% increase compared to last year and has contributed to a noteworthy 45 percent revenue increase, reaching $685 million.

For more information on this trend, refer to the official reports and data from MoffettNathanson.

As we await the outcomes of the second quarter of 2023 for television, we would like to hear from you: Are you still committed to television, or are you prepared to sever ties?

Legal Live TV Streaming Options

Iptv Knowledge cannot verify the licensing status of unverified IPTV services, apps, websites, or add-ons.

When an IPTV service is found to be illegal, we promptly inform our users and update reports like this one on our website.

In conclusion, end-users are responsible for all content accessed through free IPTV apps and paid services.

For more information on the legality of IPTV and what you need to know before streaming, read our comprehensive guide:

Is IPTV Legal? Read This

For 100% verified and legal IPTV providers, check out the options listed below:

best iptv services fubotv

fuboTV

fuboTV is one of the most popular legal IPTV providers among cord-cutters worldwide, especially for sports enthusiasts.

The best part is that fuboTV offers a 7-Day Free Trial for new users! This allows you to try the service without any obligations.

They offer three different plans, with the most popular option costing $69.99/month and providing access to over 115 channels and DVR functionality.

fuboTV Review

fuboTV – Google Play Store

Leave a Reply

Your email address will not be published. Required fields are marked *