The number of registered users to China Digital TV’s cloud-based platform has expanded by 52% over the last quarter.
Some 3.5 million are now registered, which according to Jianhua Zhu, China Digital TV’s chief executive officer, gives the company increasing confidence. “With Beijing and Chongqing customers already contributing to steady revenue growth, we expect more revenue contributing customers, including those in Tianjin and Sichuan Province, to roll out our cloud platforms in the second half of the year.”
China Digital TV’s smart card shipments increased by 3.8% to 2.19 million from 2.11 million in the prior year period, but as shipments grew the price per unit has fallen.
China Digital TV’s net revenues remained relatively stable at 10.4 million compared to the prior year period. Revenues from other services and other products increased, but were partially offset by a decrease in revenues from smart card revenues.
Revenues from the Company’s top five customers accounted for 37.3% of total revenues, compared to 37.0% in the prior year period.