Prisa: Subs up, losses deepen
July 24, 2012
From David Del Valle in Madrid
Spain’s Prisa, owner of pay DTH platform, Canal Plus, ended the second quarter with 1.831million pay-TV subscribers on its Canal Plus business, along with 100,209 from other operators and OTT.
Its multiplatform delivery strategy seems to be bearing fruit as the company added 40,968 new (satellite, OTT and from other operators) clients on the same period last year.
Net adds from operators grew by 17,962 over the year (11,388 in H1 2012), while satellite ARPU was €41.71 on average in Q2 (compared to €41.2 a year earlier) and churn 14 per cent (14.2 per cent).
The iPlus hybrid-PVR subscriber total meanwhile stood at 574,440, a year-on-year increase of 33.2 per cent.
However Prisa incurred a €61.1 million loss in the first half against Operating Cash Flow of €11.1 in the same period last year. EBITDA dropped by 5.1 per cent to €209.08 million.