AT&T Ended 2019 With Fewer Video Subscribers Than Comcast
AT&T (NYSE: T) lost another 1.16 million video subscribers in the fourth quarter, bringing its 2019 total to 4.1 million. The company ended the year with 20.4 million subscribers between DirecTV, U-Verse, and AT&T TV Now.
The rapid decline in subscribers puts AT&T behind its biggest competitor in pay-TV, Comcast (NASDAQ: CMCSA), which closed out 2019 with 21.25 million video subscribers. Even when only counting Comcast's residential subscribers, it's about neck-and-neck with AT&T at 20.29 million.
AT&T's management expects its subscriber losses to have peaked last year, but that doesn't mean it's completely out of the woods. Meanwhile, Comcast expects its losses to increase in 2020 as it focuses more on profitability and its broadband business.
Source Fool.com
