QoQ change in pay-TV subscribers according to MoffettNathanson:
1) Traditional pay-TV – ↓ 1.8M
2) Streaming pay-TV – ↓ 341K
3) Total pay-TV – ↓ 2.1M
YoY change in subscribers:
1) Traditional pay-TV – ↓ 8%
2) All pay-TV – ↓ 5%
3) Satellite pay-TV – ↓ 14%
4) Streaming pay-TV – ↓ 5%
5) Cable pay-TV – ↓ 4%
QoQ subscriber change for Comcast:
1) Traditional pay-TV – ↓ 409K
2) Broadband – ↑ 477K
Bottom line: Broadband subscribers are more profitable compared to traditional pay-TV subscribers. The future for companies like Comcast is broadband, targeted advertising, and D2C video services (Peacock, etc.).
More #1: TV Cord-Cutting Hits Record as Coronavirus Shuts Businesses
More #2: Cord-cutting accelerates as empty restaurants, bars ditch cable
