A review of major operational metrics for the largest public cable, satellite and wireline telco players in the US market, focused on three key consumer-facing services: TV, broadband and voice telephony. A review of total subscriber numbers and yearly and quarterly subscriber growth per provider, by the major categories (cable, satellite and telco) and overall. The deck provides insight into the growth rates in these three areas (yes, TV is still growing, though not as fast as broadband, while voice is shrinking steadily), and revenues derived from these services.
US Cable, Satellite and Telco Trends for Q1 2014Jan Dawson
An overview of key figures for the consumer wireline businesses of the major cable, satellite and telecoms providers in the US, for Q1 2014. KPIs, financials and other metrics, including an analysis of the impact of the Comcast-Time Warner Cable and AT&T-DirecTV mergers
This report covers major financial and operating metrics for the US television market. It covers the major pay TV providers, cable networks, broadcasters and station owners, and reviews key financial trends and events from Q2 2015. Going forward, this will be a paid report from Jackdaw Research.
For any questions, please contact Jan Dawson, Chief Analyst, Jackdaw Research. Contact details are in the deck.
An overview of trends in the US wireless market in Q2 2014, covering AT&T, Sprint, T-Mobile, Tracfone and Verizon Wireless. Includes analysis of financials, subscribers, net adds, ARPU and churn. Also, the impact of device installment billing on both the carriers and OEMs.
Analysis of the content in this deck is available here: http://www.beyonddevic.es/2014/08/12/analysis-of-q2-2014-us-wireless-market/
A review of key financial and operating metrics for the five largest wireless operators in the US: AT&T, Sprint, T-Mobile, Tracfone and Verizon Wireless.
An analysis of some of the slides is available on FierceWireless at:
http://www.fiercewireless.com/special-reports/how-verizon-att-sprint-t-mobile-and-tracfone-stacked-q3
Overview of key financial and operating metrics for Netflix, up to and including Q2 2016. This is part of the Jackdaw Research Quarterly Decks Service, which offers similar decks on other major consumer technology companies too. Visit https://jackdawresearch.com/quarterly-company-decks/ to sign up.
US Cable, Satellite and Telco Trends for Q1 2014Jan Dawson
An overview of key figures for the consumer wireline businesses of the major cable, satellite and telecoms providers in the US, for Q1 2014. KPIs, financials and other metrics, including an analysis of the impact of the Comcast-Time Warner Cable and AT&T-DirecTV mergers
This report covers major financial and operating metrics for the US television market. It covers the major pay TV providers, cable networks, broadcasters and station owners, and reviews key financial trends and events from Q2 2015. Going forward, this will be a paid report from Jackdaw Research.
For any questions, please contact Jan Dawson, Chief Analyst, Jackdaw Research. Contact details are in the deck.
An overview of trends in the US wireless market in Q2 2014, covering AT&T, Sprint, T-Mobile, Tracfone and Verizon Wireless. Includes analysis of financials, subscribers, net adds, ARPU and churn. Also, the impact of device installment billing on both the carriers and OEMs.
Analysis of the content in this deck is available here: http://www.beyonddevic.es/2014/08/12/analysis-of-q2-2014-us-wireless-market/
A review of key financial and operating metrics for the five largest wireless operators in the US: AT&T, Sprint, T-Mobile, Tracfone and Verizon Wireless.
An analysis of some of the slides is available on FierceWireless at:
http://www.fiercewireless.com/special-reports/how-verizon-att-sprint-t-mobile-and-tracfone-stacked-q3
Overview of key financial and operating metrics for Netflix, up to and including Q2 2016. This is part of the Jackdaw Research Quarterly Decks Service, which offers similar decks on other major consumer technology companies too. Visit https://jackdawresearch.com/quarterly-company-decks/ to sign up.
Media/Pay-TV: Focus on fundamentals and industry trends
- Pay-TV operators: Increase in the number of subscribers; Subscriber performance is driving major domestic/global players’ share price movements
- Industry trends: Time to focus on profitability of IPTV service; Increasing penetration of technologically advanced services (UHD/DCS)
Financial Results for the Fiscal Year Ended March 2015KDDI
The figures included in the following brief, including the business performance target and the target for the number of subscribers are all projected data based on the information currently available to the KDDI Group, and are subject to variable factors such as economic conditions, a competitive environment and the future prospects for newly introduced services.
Accordingly, please be advised that the actual results of business performance or of the number of subscribers may differ substantially from the projections described here.
KDDI Financial Results for the 1st Half of FY2015.3KDDI
The figures included in the following brief, including the business performance target and the target for the number of subscribers are all projected data based on the information currently available to the KDDI Group, and are subject to variable factors such as economic conditions, a competitive environment and the future prospects for newly introduced services.
Accordingly, please be advised that the actual results of business performance or of the number of subscribers may differ substantially from the projections described here.
Media/Pay-TV: Focus on fundamentals and industry trends
- Pay-TV operators: Increase in the number of subscribers; Subscriber performance is driving major domestic/global players’ share price movements
- Industry trends: Time to focus on profitability of IPTV service; Increasing penetration of technologically advanced services (UHD/DCS)
Financial Results for the Fiscal Year Ended March 2015KDDI
The figures included in the following brief, including the business performance target and the target for the number of subscribers are all projected data based on the information currently available to the KDDI Group, and are subject to variable factors such as economic conditions, a competitive environment and the future prospects for newly introduced services.
Accordingly, please be advised that the actual results of business performance or of the number of subscribers may differ substantially from the projections described here.
KDDI Financial Results for the 1st Half of FY2015.3KDDI
The figures included in the following brief, including the business performance target and the target for the number of subscribers are all projected data based on the information currently available to the KDDI Group, and are subject to variable factors such as economic conditions, a competitive environment and the future prospects for newly introduced services.
Accordingly, please be advised that the actual results of business performance or of the number of subscribers may differ substantially from the projections described here.
Part of team in completing three deliverables:
1. Preform an analysis of the stand-alone fair market value of HBO
2. Compare and contrast two types of buyers for HBO (strategic vs. financial)
3. Present a methodology for calculating damages related to piracy of Game of Thrones
1. Preform an analysis of the stand-alone fair market value of HBO
2. Compare and contrast two types of buyers for HBO (strategic vs. financial)
3. Present a methodology for calculating damages related to piracy of Game of Thrones
This is my presentation of VERIZON COM. INC (VZ). I also analyze AT&T (T), T-Mobile (TMUS) and Sprint (S). I predict the acquisition of T-Mobile by Sprint. In addition, I warn VZ to buy content companies like Netflix in order to fight future telecom-content players like AT&T, Google and Facebook.
Telecom Service/Media: AT&T to acquire Time Warner
- US-based telco AT&T’s acquisition of Time Warner will be an industry game changer
- Note growing investment in premium content (a growth driver for ICT ecosystem)
- Focus on CJ E&M’s efforts to improve original content and telcos’ media expansion
Investment thesis and pitch slides for Notre Dame Investment Club. The leaders of the club, after our presentation, and after questions, decided to take our recommendation and hold the stock.
This is a sample from the Jackdaw Research Quarterly Decks Service, which you can read more about at https://jackdawresearch.com/quarterly-company-decks/
This deck includes charts on many financial and operating metrics for Snap Inc, owner of Snapchat, up to and including the Q1 2018 reporting period. The Jackdaw Research Quarterly Decks Service includes similar decks for roughly a dozen companies each quarter.
This deck is a sample from the Jackdaw Research Quarterly Decks Service, which includes similar deck for around a dozen companies and industry sectors. You can learn more and sign up for the service at: https://jackdawresearch.com/quarterly-company-decks/.
In October 2015, we conducted two separate surveys about music consumption habits, and specifically Apple Music. This reports shares the findings of those two surveys along with key messages for readers.
This deck covers Google's finances, up to and including its Q1 2015 numbers. It is part of the Jackdaw Research Quarterly Decks service, which you can sign up for here: https://jackdawresearch.com/quarterly-company-decks/
Similar decks are available for Amazon, Apple, Facebook, Microsoft, Samsung, Twitter, and many others each quarter as part of the subscription. Accompanying analysis can often be found at http://www.beyonddevic.es
Please direct any questions to Jan Dawson at jan@jackdawresearch.com
This deck offers a brief overview of Jackdaw Research, a research and consulting firm focused on the consumer technology market. We differentiate ourselves by taking a big-picture, strategic approach to the consumer technology market, the companies which compete in it, and their business models. This allows us to see trends and predict future developments much more effectively than the traditional siloed analyst firms.
A review of the major business models in use in the consumer technology market, and the keys to success for consumer technology companies. This deck is a shortened version of a longer deck which I regularly present to consumer technology companies and which includes analysis and advice on how they should evolve their businesses given the trends outlined in the deck. A customized presentation is one of the paid services Jackdaw Research offers: please contact me if you would like to know more about this.
Apple Operating and Financial Metrics Review – July 2014Jan Dawson
This deck is a review of Apple's major financial and operating metrics, dated July 2014. The underlying data is available for purchase from Jackdaw Research on either a one-off basis or an annual subscription with quarterly updates, along with other data products.
Dev Dives: Train smarter, not harder – active learning and UiPath LLMs for do...UiPathCommunity
💥 Speed, accuracy, and scaling – discover the superpowers of GenAI in action with UiPath Document Understanding and Communications Mining™:
See how to accelerate model training and optimize model performance with active learning
Learn about the latest enhancements to out-of-the-box document processing – with little to no training required
Get an exclusive demo of the new family of UiPath LLMs – GenAI models specialized for processing different types of documents and messages
This is a hands-on session specifically designed for automation developers and AI enthusiasts seeking to enhance their knowledge in leveraging the latest intelligent document processing capabilities offered by UiPath.
Speakers:
👨🏫 Andras Palfi, Senior Product Manager, UiPath
👩🏫 Lenka Dulovicova, Product Program Manager, UiPath
Securing your Kubernetes cluster_ a step-by-step guide to success !KatiaHIMEUR1
Today, after several years of existence, an extremely active community and an ultra-dynamic ecosystem, Kubernetes has established itself as the de facto standard in container orchestration. Thanks to a wide range of managed services, it has never been so easy to set up a ready-to-use Kubernetes cluster.
However, this ease of use means that the subject of security in Kubernetes is often left for later, or even neglected. This exposes companies to significant risks.
In this talk, I'll show you step-by-step how to secure your Kubernetes cluster for greater peace of mind and reliability.
Transcript: Selling digital books in 2024: Insights from industry leaders - T...BookNet Canada
The publishing industry has been selling digital audiobooks and ebooks for over a decade and has found its groove. What’s changed? What has stayed the same? Where do we go from here? Join a group of leading sales peers from across the industry for a conversation about the lessons learned since the popularization of digital books, best practices, digital book supply chain management, and more.
Link to video recording: https://bnctechforum.ca/sessions/selling-digital-books-in-2024-insights-from-industry-leaders/
Presented by BookNet Canada on May 28, 2024, with support from the Department of Canadian Heritage.
Key Trends Shaping the Future of Infrastructure.pdfCheryl Hung
Keynote at DIGIT West Expo, Glasgow on 29 May 2024.
Cheryl Hung, ochery.com
Sr Director, Infrastructure Ecosystem, Arm.
The key trends across hardware, cloud and open-source; exploring how these areas are likely to mature and develop over the short and long-term, and then considering how organisations can position themselves to adapt and thrive.
UiPath Test Automation using UiPath Test Suite series, part 3DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 3. In this session, we will cover desktop automation along with UI automation.
Topics covered:
UI automation Introduction,
UI automation Sample
Desktop automation flow
Pradeep Chinnala, Senior Consultant Automation Developer @WonderBotz and UiPath MVP
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
LF Energy Webinar: Electrical Grid Modelling and Simulation Through PowSyBl -...DanBrown980551
Do you want to learn how to model and simulate an electrical network from scratch in under an hour?
Then welcome to this PowSyBl workshop, hosted by Rte, the French Transmission System Operator (TSO)!
During the webinar, you will discover the PowSyBl ecosystem as well as handle and study an electrical network through an interactive Python notebook.
PowSyBl is an open source project hosted by LF Energy, which offers a comprehensive set of features for electrical grid modelling and simulation. Among other advanced features, PowSyBl provides:
- A fully editable and extendable library for grid component modelling;
- Visualization tools to display your network;
- Grid simulation tools, such as power flows, security analyses (with or without remedial actions) and sensitivity analyses;
The framework is mostly written in Java, with a Python binding so that Python developers can access PowSyBl functionalities as well.
What you will learn during the webinar:
- For beginners: discover PowSyBl's functionalities through a quick general presentation and the notebook, without needing any expert coding skills;
- For advanced developers: master the skills to efficiently apply PowSyBl functionalities to your real-world scenarios.
Accelerate your Kubernetes clusters with Varnish CachingThijs Feryn
A presentation about the usage and availability of Varnish on Kubernetes. This talk explores the capabilities of Varnish caching and shows how to use the Varnish Helm chart to deploy it to Kubernetes.
This presentation was delivered at K8SUG Singapore. See https://feryn.eu/presentations/accelerate-your-kubernetes-clusters-with-varnish-caching-k8sug-singapore-28-2024 for more details.
GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using Deplo...James Anderson
Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
The modern software delivery process (or the CI/CD process) includes many tools, distributed teams, open-source code, and cloud platforms. Constant focus on speed to release software to market, along with the traditional slow and manual security checks has caused gaps in continuous security as an important piece in the software supply chain. Today organizations feel more susceptible to external and internal cyber threats due to the vast attack surface in their applications supply chain and the lack of end-to-end governance and risk management.
The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
Robert Boule is a technology enthusiast with PASSION for technology and making things work along with a knack for helping others understand how things work. He comes with around 20 years of solution engineering experience in application security, software continuous delivery, and SaaS platforms. He is known for his dynamic presentations in CI/CD and application security integrated in software delivery lifecycle.
Gopinath Rebala
Gopinath Rebala is the CTO of OpsMx, where he has overall responsibility for the machine learning and data processing architectures for Secure Software Delivery. Gopi also has a strong connection with our customers, leading design and architecture for strategic implementations. Gopi is a frequent speaker and well-known leader in continuous delivery and integrating security into software delivery.
Slack (or Teams) Automation for Bonterra Impact Management (fka Social Soluti...Jeffrey Haguewood
Sidekick Solutions uses Bonterra Impact Management (fka Social Solutions Apricot) and automation solutions to integrate data for business workflows.
We believe integration and automation are essential to user experience and the promise of efficient work through technology. Automation is the critical ingredient to realizing that full vision. We develop integration products and services for Bonterra Case Management software to support the deployment of automations for a variety of use cases.
This video focuses on the notifications, alerts, and approval requests using Slack for Bonterra Impact Management. The solutions covered in this webinar can also be deployed for Microsoft Teams.
Interested in deploying notification automations for Bonterra Impact Management? Contact us at sales@sidekicksolutionsllc.com to discuss next steps.
JMeter webinar - integration with InfluxDB and GrafanaRTTS
Watch this recorded webinar about real-time monitoring of application performance. See how to integrate Apache JMeter, the open-source leader in performance testing, with InfluxDB, the open-source time-series database, and Grafana, the open-source analytics and visualization application.
In this webinar, we will review the benefits of leveraging InfluxDB and Grafana when executing load tests and demonstrate how these tools are used to visualize performance metrics.
Length: 30 minutes
Session Overview
-------------------------------------------
During this webinar, we will cover the following topics while demonstrating the integrations of JMeter, InfluxDB and Grafana:
- What out-of-the-box solutions are available for real-time monitoring JMeter tests?
- What are the benefits of integrating InfluxDB and Grafana into the load testing stack?
- Which features are provided by Grafana?
- Demonstration of InfluxDB and Grafana using a practice web application
To view the webinar recording, go to:
https://www.rttsweb.com/jmeter-integration-webinar
Epistemic Interaction - tuning interfaces to provide information for AI supportAlan Dix
Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
Kubernetes & AI - Beauty and the Beast !?! @KCD Istanbul 2024Tobias Schneck
As AI technology is pushing into IT I was wondering myself, as an “infrastructure container kubernetes guy”, how get this fancy AI technology get managed from an infrastructure operational view? Is it possible to apply our lovely cloud native principals as well? What benefit’s both technologies could bring to each other?
Let me take this questions and provide you a short journey through existing deployment models and use cases for AI software. On practical examples, we discuss what cloud/on-premise strategy we may need for applying it to our own infrastructure to get it to work from an enterprise perspective. I want to give an overview about infrastructure requirements and technologies, what could be beneficial or limiting your AI use cases in an enterprise environment. An interactive Demo will give you some insides, what approaches I got already working for real.
Designing Great Products: The Power of Design and Leadership by Chief Designe...
Cable, Satellite and Telco Trends for Q3 2014
1. US Cable, Satellite and
Telco metrics for Q3 2014
Jan Dawson
Chief Analyst
(408) 744-6244
jan@jackdawresearch.com
@jandawson
2. About this deck
• This deck is provided as a public service, alongside
other data which I make available freely
• The data behind the deck is available in Excel or
Numbers format as part of a paid service from
Jackdaw Research
• Feel free to embed and download the deck
• Reporters may use individual slides from the deck –
high resolution versions available upon request
3. Company coverage
The following companies and providers
are included in the analysis in this deck:
• AT&T
• CableONE
• Cablevision
• CenturyLink
• Charter
• Comcast
• Consolidated Communications
• DirecTV
• DISH
• Mediacom
• Suddenlink
• Time Warner Cable
• Verizon
• WideOpenWest
These are the largest publicly traded companies across the markets
covered. Together, they represent the vast majority of the market. The
largest company not represented is Cox, which is privately held.
4. Notes
• This deck focuses on three groups of companies –
cable, satellite and telco – and three services: video
(TV), broadband and voice
• Not all the companies included report all metrics: E.g.:
• CenturyLink doesn’t report voice subscribers
• Most of the telcos don’t directly report revenue for
each service, so where these are shown, they are
estimates
5. Contents
1. Subscriber bases – installed base trends for individual
providers and groups of providers (cable, satellite, telco)
and for the total market
2. Year on year growth – year-on-year net adds for individual
providers and groups of providers and the total market
3. Quarterly growth – q-on-q net adds on the same basis
4. Revenues – reported and estimated revenues for selected
providers, from video, broadband and voice
7. 1. Subscriber bases
Video subscribers
• Four of the five largest companies by number of video
subscribers are engaged in proposed mergers:
Comcast (1st) and Time Warner Cable (4th), and AT&T
(5th) and DirecTV (2nd)
• Cord-cutting doesn’t appear to be eroding subscriber
numbers, which have remained remarkably stable year
on year at 90 million
• It is important to note that there are strong cyclical
trends in video adds, as will be shown later
8. 1. Subscriber bases
Video subscribers
AT&T Cable ONE Cablevision CenturyLink
Charter Comcast Cons Comms DirecTV
DISH Mediacom Suddenlink TWC
Verizon WoW
8
30,000
25,000
20,000
15,000
10,000
5,000
Source: Company reporting, Jackdaw Research analysis
Video subscribers, 000s
0
Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014
9. 1. Subscriber bases
Video subscribers
Telco Cable
Satellite Total
9
100,000
75,000
50,000
25,000
Source: Company reporting, Jackdaw Research analysis
Video subscribers, 000s
0
Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014
10. 1. Subscriber bases
Video subscribers
Total video subscribers, 000s
Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014
10
90,600
90,500
90,400
90,300
90,200
90,100
90,000
89,900
Source: Company reporting, Jackdaw Research analysis
11. Video subscribers
Total video subscribers, big players, 000s
Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014
11
86,100
86,000
85,900
85,800
85,700
85,600
85,500
85,400
85,300
85,200
Source: Company reporting, Jackdaw Research analysis
Note: “big players” refers to the
following companies: AT&T,
Cablevision, Charter, Comcast, DirecTV,
DISH, Time Warner Cable and Verizon
1. Subscriber bases
12. 1. Subscriber bases
Broadband subscribers
• The rankings among the set of players profiled remain
very stable, with Comcast by far the largest and AT&T
consistently in second place.
• Unlike video, which is virtually stagnant, the
broadband market continues to grow healthily, adding
around 3 million subs in the past year
• The set of players profiled here have around 75 million
subscribers between them, so fewer than there are TV
subscribers, though the gap continues to narrow.
16. Broadband subscribers
Total broadband subscribers, big players, 000s
72,000
71,000
70,000
69,000
68,000
67,000
66,000
65,000
Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014
16
Source: Company reporting, Jackdaw Research analysis
Note: “big players” refers to the
following companies: AT&T,
Cablevision, Charter, Comcast, DirecTV,
DISH, Time Warner Cable and Verizon
1. Subscriber bases
17. 1. Subscriber bases
Voice subscribers
• Voice is clearly a declining market, with the telcos suffering
the heaviest losses, but the market as a whole also
contracting rapidly
• The cable companies continue to strip subscribers away
from the telcos, almost exclusively as part of double- and
triple-play bundles, but their gains don't offset telco losses
• The set of players profiled here now has under 50 million
subscribers, and voice is by far the least adopted of the
three major services
23. 2. Year on year growth
Video growth
• There are three distinct sets of companies in the video market:
• Those gaining subscribers: principally the telcos (AT&T, Verizon and on a much smaller
scale CenturyLink), but also DirecTV, though its growth has slowed
• Those losing subscribers, including four large cable companies: Comcast, Cablevision,
Charter and Time Warner Cable
• Those oscillating between the two, including DISH and some of the smaller regional
players
• The cable players as a whole are losing about 1 million subscribers per year, while the
telcos are gaining around 1.5 million and the satellite providers are growing only slightly
when combined
• Year on year, the industry is adding a few hundred thousand subscribers, with the larger
players making gains while the smaller ones are losing them
24. 2. Year on year growth
Video net adds
Year on year video net adds, 000s
AT&T Cable ONE Cablevision CenturyLink
Charter Comcast Cons Comms DirecTV
DISH Mediacom Suddenlink TWC
Verizon WoW
Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014
24
1,500
1,250
1,000
750
500
250
0
-250
-500
-750
-1,000
Source: Company reporting, Jackdaw Research analysis
25. Video net adds
Year on year video net adds, 000s
Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014
25
2,500
2,000
1,500
1,000
500
0
-500
-1,000
-1,500
Source: Company reporting, Jackdaw Research analysis
Telco Cable
Satellite Total
2. Year on year growth
26. 2. Year on year growth
Video net adds
Year on year video net adds, all players, 000s
Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014
26
500
400
300
200
100
0
Source: Company reporting, Jackdaw Research analysis
27. 2. Year on year growth
Video net adds
Year on year video net adds, 000s, big players
Note: “big players” refers to the following
companies: AT&T, Cablevision, Charter, Comcast,
DirecTV, DISH, Time Warner Cable and Verizon
Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014
27
500
400
300
200
100
0
Source: Company reporting, Jackdaw Research analysis
28. 2. Year on year growth
Broadband growth
• Comcast is significantly outgunning all the other
players in adding broadband subscribers, further
stretching its lead over the rest of the market
• AT&T has rebounded from a period of slower growth
recently to re-take second place in annual growth
• All other players are adding fewer than 200k per year
• The players profiled here are adding around 2.5m/yr
29. 2. Year on year growth
Broadband net adds
Year on year broadband net adds, 000s
AT&T Cable ONE Cablevision CenturyLink Charter
Comcast Cons Comms DISH Mediacom Suddenlink
TWC Verizon WoW
Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014
29
1,400
1,200
1,000
800
600
400
200
0
-200
Source: Company reporting, Jackdaw Research analysis
30. 2. Year on year growth
Broadband net adds
Year on year broadband net adds, 000s
Telco Cable
Satellite Total
Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014
30
3,000
2,500
2,000
1,500
1,000
500
0
Source: Company reporting, Jackdaw Research analysis
31. 2. Year on year growth
Broadband net adds
Year on year broadband net adds, all players, 000s
Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014
31
3,000
2,500
2,000
1,500
1,000
500
0
Source: Company reporting, Jackdaw Research analysis
32. 2. Year on year growth
Broadband net adds
Year on year broadband net adds, 000s, big players
Note: “big players” refers to the following
companies: AT&T, Cablevision, Charter, Comcast,
DirecTV, DISH, Time Warner Cable and Verizon
Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014
32
3,000
2,500
2,000
1,500
1,000
500
0
Source: Company reporting, Jackdaw Research analysis
33. 2. Year on year growth
Voice growth
• AT&T’s losses have been slowing slightly, perhaps
buoyed by its stronger broadband adds, while
Verizon’s continue to be fairly steady at around 700k
per year
• Comcast and Charter are adding subscribers at a
decent rate, while the other cable companies are
adding them less consistently
• The industry is losing 2-2.5 million subscribers per year,
although the rate of shrinkage appears to be slowing
34. 2. Year on year growth
Voice net adds
Year on year voice net adds, 000s
AT&T Cable ONE Cablevision Charter Comcast
Cons Comms Mediacom Suddenlink TWC Verizon
WoW
Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014
34
1,500
1,000
500
0
-500
-1,000
-1,500
-2,000
-2,500
-3,000
Source: Company reporting, Jackdaw Research analysis
35. 2. Year on year growth
Voice net adds
Year on year voice net adds, 000s
Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014
35
1,500
1,000
500
0
-500
-1,000
-1,500
-2,000
-2,500
-3,000
-3,500
Source: Company reporting, Jackdaw Research analysis
Telco Cable
Total
36. 2. Year on year growth
Voice net adds
Year on year voice net adds, all players, 000s
Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014
36
0
-500
-1,000
-1,500
-2,000
-2,500
Source: Company reporting, Jackdaw Research analysis
37. 2. Year on year growth
Voice net adds
Year on year voice net adds, 000s, big players
0
-500
-1,000
-1,500
-2,000
-2,500
Note: “big players” refers to the following
companies: AT&T, Cablevision, Charter, Comcast,
DirecTV, DISH, Time Warner Cable and Verizon
Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014
37
Source: Company reporting, Jackdaw Research analysis
39. 3. Quarterly growth
Video growth
• Video growth is extremely cyclical, especially for the
cable companies, with Q2 typically the worst quarter
and Q1 the strongest
• However, on balance, the industry has been adding
subscribers in all but the second quarter, although this
past quarter saw slight shrinkage among this group
• The telcos are adding 300-400k subs per quarter,
while the satellite providers see some cyclicality too
40. 3. Quarterly growth
Video net adds
Quarter on quarter video net adds, 000s
AT&T Cable ONE Cablevision CenturyLink
Charter Comcast Cons Comms DirecTV
DISH Mediacom Suddenlink TWC
Verizon WoW
Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014
40
600
400
200
0
-200
-400
Source: Company reporting, Jackdaw Research analysis
41. 3. Quarterly growth
Video net adds
Quarter on quarter video net adds, 000s
Telco Cable
Satellite Total
Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014
41
500
400
300
200
100
0
-100
-200
-300
-400
-500
-600
Source: Company reporting, Jackdaw Research analysis
42. 3. Quarterly growth
Video net adds
Quarter on quarter video net adds, all players, 000s
Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014
42
400
300
200
100
0
-100
-200
-300
Source: Company reporting, Jackdaw Research analysis
43. 3. Quarterly growth
Video net adds
Quarter on quarter video net adds, 000s, big players
400
300
200
100
0
-100
-200
-300
Note: “big players” refers to the following
companies: AT&T, Cablevision, Charter, Comcast,
DirecTV, DISH, Time Warner Cable and Verizon
Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014
43
Source: Company reporting, Jackdaw Research analysis
44. 3. Quarterly growth
Broadband growth
• Broadband is also highly cyclical, and again
especially for the cable companies, although the
telcos see some of the same trends
• However, this group adds subscribers every
quarter, even during the slow second quarter
• In the first quarter, this group adds over a million
subscribers, while in the slower quarters it may be
as few as two or three hundred thousand
45. 3. Quarterly growth
Broadband net adds
Quarter on quarter broadband net adds, 000s
AT&T Cable ONE Cablevision CenturyLink Charter
Comcast Cons Comms DISH Mediacom Suddenlink
TWC Verizon WoW
Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014
45
600
500
400
300
200
100
0
-100
Source: Company reporting, Jackdaw Research analysis
46. 3. Quarterly growth
Broadband net adds
Quarter on quarter broadband net adds, 000s
Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014
46
1,200
1,000
800
600
400
200
0
-200
Source: Company reporting, Jackdaw Research analysis
Telco Cable
Satellite Total
47. 3. Quarterly growth
Broadband net adds
Quarter on quarter broadband net adds, all players, 000s
Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014
47
1,200
1,000
800
600
400
200
0
Source: Company reporting, Jackdaw Research analysis
48. 3. Quarterly growth
Broadband net adds
Quarter on quarter broadband net adds, 000s, big players
1,200
1,000
800
600
400
200
0
Note: “big players” refers to the
following companies: AT&T,
Cablevision, Charter, Comcast,
DirecTV, DISH, Time Warner
Cable and Verizon
Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014
48
Source: Company reporting, Jackdaw Research analysis
49. 3. Quarterly growth
Voice growth
• There is some cyclicality in voice growth, too,
though here it is the third quarter which typically
sees the greatest declines
• The cable companies in our sample add
subscribers every quarter, even the slow Q3, while
the telcos lose subscribers every quarter
50. 3. Quarterly growth
Voice net adds
Quarter on quarter voice net adds, 000s
AT&T Cable ONE Cablevision Charter Comcast
Cons Comms Mediacom Suddenlink TWC Verizon
WoW
Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014
50
400
300
200
100
0
-100
-200
-300
-400
-500
-600
-700
Source: Company reporting, Jackdaw Research analysis
51. 3. Quarterly growth
Voice net adds
Quarter on quarter voice net adds, 000s
Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014
51
500
250
0
-250
-500
-750
-1,000
Source: Company reporting, Jackdaw Research analysis
Telco Cable
Total
52. 3. Quarterly growth
Voice net adds
Quarter on quarter broadband net adds, all players, 000s
Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014
52
0
-200
-400
-600
-800
Source: Company reporting, Jackdaw Research analysis
53. Voice net adds
Quarter on quarter broadband net adds, 000s, big players
0
-200
-400
-600
-800
Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014
53
Source: Company reporting, Jackdaw Research analysis
Note: “big players” refers to the following
companies: AT&T, Cablevision, Charter, Comcast,
DirecTV, DISH, Time Warner Cable and Verizon
3. Quarterly growth
55. Video revenues
4. Revenues
• Even though Comcast is the largest video provider by subs, DirecTV
has the highest video revenues, since it sells its TV services on a
standalone basis and therefore doesn’t offer bundled discounts
• Our estimates for AT&T and Verizon put them in 5th and 6th place
for video revenues respectively
• Combining AT&T and DirecTV would make by far the largest
company by revenues, even if Comcast and Time Warner Cable also
merge
• These companies generate almost $100 billion in revenue a year
from their TV services, or around $1000 per subscriber per year
56. Video revenues
AT&T Cablevision Charter Comcast DirecTV DISH
Mediacom Suddenlink TWC Verizon
56
3. Revenues
7,000
6,000
5,000
4,000
3,000
2,000
1,000
Source: Company reporting, Jackdaw Research analysis
Video revenues, $m
0
Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014
4.
57. Video revenues
Telco Cable
Total Satellite
57
4. Revenues
30,000
25,000
20,000
15,000
10,000
5,000
Source: Company reporting, Jackdaw Research analysis
Video revenues, $m
0
Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014
58. 4. Revenues
Broadband revenues
• When it comes to broadband, Comcast claims top
spot in revenues as well as subs, with AT&T, Time
Warner Cable and Verizon filling out the top four
spots
• Revenues are growing for all categories of players,
and total revenues are over $9 billion per quarter,
or almost $40 billion per year, from just the
companies for which we have reported or
estimated data
61. Voice revenues
4. Revenues
• Total voice revenues for this group are now well
below $5 billion per quarter, and falling rapidly,
due to both erosion of ARPUs and falling
subscriber numbers
• Even though subscriber numbers are very similar
between this set of telcos and this set of cable
companies, there is still a significant revenue gap,
with telcos generating far more revenue per
subscriber from voice than the cable companies
64. Revenue per user
4. Revenues
• The data on the following slides is estimated and/or
derived from reported revenue and subscriber numbers
• It shows a huge range in average revenue per user for
video, from $45-100 per month, with the satellite and telco
providers generating the highest revenue per user
• Broadband revenue per user is much more clustered,
around $40-50 for month, for most providers
• Voice revenue per user is declining at most providers, but
most notably at Charter, where it has fallen from $40 to $20
65. Revenue per user
Video revenue per customer per month, $
AT&T Cablevision Charter Comcast DirecTV DISH
Mediacom Suddenlink TWC Verizon
Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014
65
34. .R Reevveennuueess
120
100
80
60
40
20
0
Source: Company reporting, Jackdaw Research analysis
66. Revenue per user
Broadband revenue per customer per month, $
AT&T Cablevision Charter Comcast DISH
Mediacom Suddenlink TWC Verizon
Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014
66
34. .R Reevveennuueess
70
60
50
40
30
20
10
0
Source: Company reporting, Jackdaw Research analysis
67. Revenue per user
Voice revenue per customer per month, $
AT&T Cablevision Charter Comcast
Mediacom Suddenlink TWC Verizon
Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014
67
34. .R Reevveennuueess
40
35
30
25
20
15
10
5
0
Source: Company reporting, Jackdaw Research analysis
68. US Cable, Satellite and
Telco metrics for Q3 2014
Jan Dawson
Chief Analyst
(408) 744-6244
jan@jackdawresearch.com
@jandawson