In its third quarter figures, Ziggo said that its number of digital pay TV subscribers fell by 4.5% year-on-year to 863,000.
However, compared to the same quarter last year, Ziggo’s number of broadband internet subscribers grew by 5.4% to 1.83 million, benefitted by an increased focus on its TV and internet dual play bundle.
Digital TV pay TV service revenue fell by 1.4% to €40.3 million, with a decrease in customers partly offset by an ARPU increase and an uptake in VoD.
“The number of TV-only subscribers decreased by 20.2% compared to the same quarter last year, landing at a total of 634,000 as at September 30, 2014. The decrease was mainly due to the upsell of the dual play bundle to our TV-only subscribers, as well as churn among our TV-only subscribers,” said Ziggo.
The company warned that it expects to continue to experience churn among its TV-only customers as a result of increased competition and a “market moving towards dual and triple play.”
Overall in the quarter, Ziggo reported revenue of €402.6 million, up 2.9% year-on-year. Adjusted EBITDA was €228.0 million, up 3.4% year-on-year.
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