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Today, AT & T has sent shareholders an update on its 2020 targets. In this letter to shareholders, AT & T warned that they could lose more than one million dollars. subscribers in the 3rd quarter of 2019. AT & T then warned that there could be more power cuts while the contracts needed to be renewed.
"At the beginning of the year, the company was expecting tough negotiations on content, especially for retransmission agreements. Stephens said the company was holding a hard line in negotiations, which allowed it to meet its content cost management goals. Stephens said that during the third quarter, the company expects an additional loss of 300,000 to 350,000 premium videos, higher than the results of the premium video of the previous quarter. and limit promotional prices. "AT & T said in their letter to shareholders." AT & T said in the letter to shareholders.
In the second quarter of 2019, AT & T lost more than 778,000 television subscribers. The addition of 300,000 additional people would push them to lose more than one million subscribers in just three months. Disney recently warned of a possible power outage, which could well be one of AT & T's worrying power outages. Yet, it seems like more contracts than Disney will also be renewed. .
The letter to shareholders indicated that AT & T was expecting an improvement in the subscriber trend thanks to a much smaller number of customers benefiting from promotional rates.
"In 2020, AT & T expects an improvement in the trend of pay-TV subscribers thanks to a much smaller number of customers offering promotional prizes and the national launch of AT & T television, which offers a premium streaming experience. Other factors that could improve Entertainment's EBITDA beyond 2019 include: broadband growth due to increased fiber penetration and faster throughput; a higher quality video and broadband customer base with a low churn rate and a higher ARPU; ongoing cost management; Xandr advertising growth and less pressure from the decline of traditional products. "
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