MUMBAI: For the second quarter in a row, Hathway Cable & Datacom’s broadband revenue has stayed ahead of its cable TV subscription income.
Broadband revenue for the quarter ended 31 December 2016 was Rs 127.8 crore. In comparison, cable TV subscription revenue stood at Rs 114.1 crore.
Broadband subscription revenue also grew faster, reporting a 6% rise quarter-on-quarter (QoQ) and a 62% jump year-on-year (YoY).
Cable TV subscription revenue, on the other hand, grew 3% QoQ and 17% YoY. This has resulted in the gap between broadband and cable TV subscription revenues marginally widening. While in the second quarter the gap was Rs 9.9 crore, in the third quarter the distance between the two was Rs 13.7 crore.
TelevisionPost.com had spotted this trend in the earlier quarter.
With the court cases delaying the implementation of digital addressable system (DAS) in Phase III, the drive to increase cable TV subscription revenue in these areas had received a setback. Now with the Ministry of Information and Broadcasting (MIB) specifying that 31 January was the last switch-off date for analogue cable in DAS Phase III areas, collections from the ground could speed up. Hathway has also been making efforts to increase its average revenue per user(ARPU) from Phases I and II as well.
STB deployment
For the quarter ended 31 December 2016, Hathway Cable & Datacom deployed 0.4 million set-top boxes (STBs) at the consolidated level in Phases III and IV. The total DAS Phase III subscriber base stood at 6 million.
With this, Hathway’s total deployment of STBs stood at 12.2 million. The multi-system operator (MSO) has now digitised 92% of its cable TV universe.
The company seeded 0.2 million STBs at the standalone level in the fiscal third quarter ended 31 December 2016.
Q3 EBITDA
Hathway Cable & Datacom’s Q3 net loss has widened 10% to Rs 44.4 crore compared to Rs 40.4 crore in the previous quarter ended 30 September. In the year-ago quarter, net loss was Rs 41.2 crore.
EBITDA jumped 21% to Rs 66.6 crore compared to Rs 54.9 crore a quarter ago. EBITDA margin stood at 20% compared to 17%.
“Focus on cost efficiencies through structural changes has helped EBIDTA growth higher
than revenue growth,” the company said.
Placement revenue
Placement revenue jumped 8% QoQ to Rs 70.4 crore from Rs 65.4 crore. Activation revenue was up 4% to Rs 21 crore compared to Rs 20.2 crore in the preceding quarter.
Total income rose 5% to Rs 337.6 crore compared to Rs 321.1 crore.
Hathway’s broadband rev stays ahead of cable TV subs income for 2nd straight quarter; 0.4 mn STBS seeded in Q3 | TelevisionPost.com
Broadband revenue for the quarter ended 31 December 2016 was Rs 127.8 crore. In comparison, cable TV subscription revenue stood at Rs 114.1 crore.
Broadband subscription revenue also grew faster, reporting a 6% rise quarter-on-quarter (QoQ) and a 62% jump year-on-year (YoY).
Cable TV subscription revenue, on the other hand, grew 3% QoQ and 17% YoY. This has resulted in the gap between broadband and cable TV subscription revenues marginally widening. While in the second quarter the gap was Rs 9.9 crore, in the third quarter the distance between the two was Rs 13.7 crore.
TelevisionPost.com had spotted this trend in the earlier quarter.
With the court cases delaying the implementation of digital addressable system (DAS) in Phase III, the drive to increase cable TV subscription revenue in these areas had received a setback. Now with the Ministry of Information and Broadcasting (MIB) specifying that 31 January was the last switch-off date for analogue cable in DAS Phase III areas, collections from the ground could speed up. Hathway has also been making efforts to increase its average revenue per user(ARPU) from Phases I and II as well.
STB deployment
For the quarter ended 31 December 2016, Hathway Cable & Datacom deployed 0.4 million set-top boxes (STBs) at the consolidated level in Phases III and IV. The total DAS Phase III subscriber base stood at 6 million.
With this, Hathway’s total deployment of STBs stood at 12.2 million. The multi-system operator (MSO) has now digitised 92% of its cable TV universe.
The company seeded 0.2 million STBs at the standalone level in the fiscal third quarter ended 31 December 2016.
Q3 EBITDA
Hathway Cable & Datacom’s Q3 net loss has widened 10% to Rs 44.4 crore compared to Rs 40.4 crore in the previous quarter ended 30 September. In the year-ago quarter, net loss was Rs 41.2 crore.
EBITDA jumped 21% to Rs 66.6 crore compared to Rs 54.9 crore a quarter ago. EBITDA margin stood at 20% compared to 17%.
“Focus on cost efficiencies through structural changes has helped EBIDTA growth higher
than revenue growth,” the company said.
Placement revenue
Placement revenue jumped 8% QoQ to Rs 70.4 crore from Rs 65.4 crore. Activation revenue was up 4% to Rs 21 crore compared to Rs 20.2 crore in the preceding quarter.
Total income rose 5% to Rs 337.6 crore compared to Rs 321.1 crore.
Hathway’s broadband rev stays ahead of cable TV subs income for 2nd straight quarter; 0.4 mn STBS seeded in Q3 | TelevisionPost.com
