AT&T reported its first quarter earnings Thursday morning, showing a loss of 620,000 video customers. That number includes losses from DirecTV, U-Verse, and AT&T TV. AT&T ended the quarter with 15.89 million pay TV customers.
AT&T and TPG entered into an agreement to form a new DirecTV in February, which included the sale of 30% of DirecTV to TPG.
The company also shut down AT&T TV Now in January, merging that service with AT&T TV ahead of the TPG deal. AT&T TV now offers both no-contract plans and 2 year contract plans. Following the merge, AT&T raised the prices of legacy AT&T TV Now and DirecTV plans to be more in line with AT&T TV pricing.
Due to the TPG deal, AT&T is now reporting its quarterly video business results in the Corporate & Other category “as the business is classified as held for sale” so we’ll no longer get specific numbers for AT&T TV Now.