DirecTV Now

Q2 2019 | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018

Q2 2019 (July 24, 2019): Less than a million left

AT&T has announced its earnings for the second quarter of 2019. Here's what you need to know:

  • DirecTV Now lost 168,000 net subscribers in Q2
  • That should leave them with about 1.33 million subscribers
  • And if estimates are correct, that means DirecTV Now has slipped to the fourth-largest streaming service in the U.S.
  • AT&T TV — the skinny bundle with its own hardware — is slated to launch in test markets in Q3
  • HBO Max is slated to launch in the spring of 2020

Q1 2019 (April 24, 3019): The hits, they keep on coming

AT&T has released its earnings for the first quarter of 2019. DirecTV Now still falls under the Entertainment Group. And as we expected, it was a rough quarter. Here's what you need to know:

  • DirecTV Now lost 83,000 net subscribers for the quarter. That's way down from its Q4 2018 losses — about 69 percent less.
  • That's due to price increases, the company says, plus fewer promotions.
  • But ... the average revenue per user for DirecTV Now is now greater than $10.
  • DirecTV Now now has a total of 1.5 million subscribers. That should keep it in the No. 2 spot.
  • AT&T doesn't exact to lose as many in the second quarter, and says it should have a "decent" second half of the year.
  • The Entertainment Group brought in $11.3 billion, down 0.9 percent year over year "due to declines in TV subscribers and legacy services."
  • Total video subscribers were down by 627,000
  • Premium TV subscribers lost 544,000 "due to an increase in customers rolling off promotional discounts, competition and lower gross adds due to a focus on long-term value customer base."

AT&T will announce its Q2 2019 earnings on July 24, 2019.

Q4 2018 (Jan. 30, 2019): Easy come, easy go

AT&T has released its Q4 2018 earnings for the company. DirecTV Now falls under the Entertainment Group. Here's what you need to know:

  • DirecTV Now lost 267,000 subscribers for the quarter.
  • That takes DirecTV Now down to about 1.57 million subscribers overall.
  • "Traditional" video was hit even harder, losing 391,000 subs.
  • The company attributes that to a scaling back of promotional prices and says no customers are on those discounted plans.
  • Fewer customers are on entry-level plans, but higher tiers remained stable.
  • More than a half-million accounts are on the WatchTV skinny bundle.

AT&T's Q1 2019 earnings will be released on April 24.

Q3 2018 (Oct. 24, 2018): DirecTV Now is up, video overall is down

AT&T announced its third-quarter earnings, which means we get a glimpse into the numbers behind a whole lot of things. But for our purposes here, it's DirecTV Now that we're really interested in.

Here's what you need to know:

  • DirecTV Now saw 49,000 net additions in the third quarter.
  • That should take its total subs to about 1.84 million subscribers.
  • AT&T's entertainment group still saw a net loss of 346,000 "traditional video" subscribers. The satellite arm of DirecTV certain makes up a big chunk of that.
  • AT&T confirms that it's beginning to "beta test a new streaming video device."
  • That new device has been known since the spring, but exactly what it will be — and why you'd want a box from AT&T instead of, say, Amazon or Roku — remains to be seen.

Q2 2018 (July 24, 2018): Enter the Entertainment Group

AT&T today announced its earnings for the second quarter of 2018. And as you'd expect, streaming video is having a pretty big impact on the bottom line.

Here are the big strokes, of interest to cord-cutters:

  • AT&T's Entertainment Group — of which DirecTV Now is a part — saw 342,000 net additions in the second quarter
  • That gives DirecTV Now a total of 1.8 million subscribers (up from 1.5 million in Q1)
  • But total video subscribers were up by just 80,000 for the quarter
  • DirecTV satellite subscribers continue to switch elsewhere, losing 286,000 customers

The delivery mechanisms are just a few parts of what AT&T is doing today, though, particularly after AT&T's purchase of Time Warner in Q2. Look for more original programming from the newly formed Warner Media properties, and new features (and new revenue streams) from all of AT&T's assets.

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