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AT&T Churn Rate For Net Premium Video Subscribers Falls In Q2

AT&T Churn Rate For Net Premium Video Subscribers Falls In Q2
  • AT&T Inc (NYSE: T) reported that it lost 473,000 premium video net subscribers during Q2 2021, narrowing 47% from net subscriber loss of 887,000 in Q2 2020.
  • Premium video gross subscriber additions for Q2 were 492,000, up 2% from gross additions of 481,000 prior year.
  • AT&T’s aggregate premium video subscriptions at Q2 end were 15.41 million, down 13% from 17.71 million prior year.
  • The DIRECTV churn rate improved to 1.87% in Q2 2021, versus 2.42% in Q2 2020.
  • Netflix Inc (NASDAQ: NFLX) and Inc's (NASDAQ: AMZN) Prime Video continue to win subscribers from the TV industry, Reuters reports.
  • AT&T sold a 30% stake in DirecTV to private equity firm TPG Capital in Feb., leading to the creation of New DirecTV.
  • Price action: T shares traded higher by 0.31% at $28.51 on the last check Friday.

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