Cable Companies Likely to Lose Over 9 Million Subscribers in 2023

Cable Companies Likely to Lose Over 9 Million Subscribers

Cable Companies are likely to lose over 9 million subscribers in 2023.

Cable television companies are losing subscribers at an alarming rate. In the first quarter of 2023, Comcast, Dish, and Spectrum lost a combined 930,241 subscribers.

This trend is expected to continue, with reports predicting that cable TV providers could lose over 9.3 million subscribers in 2023.

There are a number of reasons for this trend, including the rise of IPTV services, free streaming applications, streaming websites, OTA antennas, and more.

Cable Companies Losing Millions of Subscribers

Dish TV

DISH TV, which had 7.416 million subscribers at the end of 2022, now reports a reduced figure of 7.10 million, marking a net loss of 316,000 subscribers.

This is an average loss of 3,473 customers daily, partially attributed to a security breach that halted the addition of new customers for a significant period in Q1.

Spectrum

Spectrum experienced a loss of 241,000 subscribers in the initial quarter of 2023, which means approximately 2,648 subscribers opted out daily, costing the company about $4.3 billion in revenue.

This loss is substantial compared to the 112,000 customer decrease reported in Q1 of 2022. The company also lost 220,000 voice customers who found landlines obsolete and switched to mobile-only.

Comcast

Comcast, too, endured substantial losses, with 614,000 video customers discontinuing their services, averaging to 6,737 cancellations daily.

This represents a substantial increase from the 440,000 customers who left during the final quarter of 2022. The company’s revenue fell by 4.3 percent to just over $29 million this quarter.

As the appeal of streaming platforms over traditional cable contracts grows, services like Peacock TV are thriving, with an impressive gain of 22 million new subscribers in this first quarter. That’s a 60% increase from last year, driving up their revenue by a remarkable 45 percent to $685 million.

For more information on this trend, you can refer to the official reports and data from MoffettNathanson.

As we anticipate the second quarter of 2023’s outcomes for cable television, we’d love to know: Are you still committed to cable, or are you ready to sever ties?

LEGAL DISCLAIMER: IPTV WIRE does not own or operate any IPTV service or streaming application. We do not host or distribute any applications. We do not verify whether IPTV services or app developers carry the proper licensing. The end-user shall be solely responsible for media accessed through any device, app, addon, or service mentioned on our Website.

Legal Live TV Streaming Options

It’s impossible for IPTV Wire to determine whether unverified IPTV services, apps, websites, or add-ons hold the proper licensing.

If and when an IPTV service is deemed illegal, we notify our users immediately and update reports on our website like this one to reflect that information.

In conclusion, the end-user is responsible for all content accessed through free IPTV apps and paid services.

See our detailed guide below for more information on the legality of IPTV and everything you need to know before streaming.


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Is IPTV Legal? Read This

For 100% verified and legal IPTV providers, see the options listed below:

best iptv services fubotv

fuboTV

fuboTV is one of the most popular paid legal IPTV providers among cord-cutters around the globe, especially sports fanatics.

The best part is fuboTV offers a 7-Day Free Trial for new users! This means you can try the service hassle-free.

This IPTV service offers three different plans with the most popular for $69.99/month for over 115 channels and DVR.

fuboTV Review

fuboTV – Google Play Store

Philo

Philo is a solid option for those who enjoy entertainment and news channels. This service costs $20.00/month for over 60 channels and unlimited DVR.

Just like fuboTV, Philo also offers a 7-Day Free Trial for new users! This is a must-have feature when choosing any IPTV provider.

Philo – Google Play Store

pluto tv

Pluto TV

Pluto TV is another popular free and legal IPTV application used by millions of cord-cutters.

This free IPTV provider offers hundreds of live channels along with thousands of movies and TV shows.

Check out our Pluto TV guide below for more information.

How to Install Pluto TV APK

Pluto TV – Google Play Store

2 thoughts on “Cable Companies Likely to Lose Over 9 Million Subscribers in 2023”

  1. I am new to not having cable. First I have an outside antenna from Hurricane Electronics (Radio Shack) That gives me the local channels on all 4 tvs. Then I have Amazon Firesticks on all 4 though one is not plugged in. I have IPTV on 1 with tivi mate. Lots of buffering there. I know that at least 2 of the firesticks are 4k and 1 is 4kmax. I have so many questions about this stuff and about the vpns. I just had a rude awakening from a laptop I acquired recently (Mac Air) as mine are all Microsoft. I have Defender on most of my computers and trend micro on the main 2 computers, however I tried to set the Mac Air on the internet and immediately got hacked and my bank was calling to see if I did these charges. I am 80 so I think I could use some quality telephone time if anyone can.

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