Kabel Deutschland has seen a second quarter recovery in its premium TV subscriptions, adding a further 55,000 units in its second financial quarter.
The Vodafone-owned cablenet had previously announced the addition of 84,000 new subscribers to its Internet and Phone services, resulting in its strongest second financial quarter for several years.
KDG said revenues had returned to a quarterly growth track, increasing by €7 million in Q2. Year on year, revenues rose by 4.0% to €471 million
However, the company posted a net loss of €129 million or minus €1.46 per share due to a negative net income effect of €206 million from the Vodafone transaction.
In the first quarter KDG added just 24,000 premium TV units after a decision by Germany’s private channels reduced the opportunity to upsell.
Kabel Deutschland’s direct subscriber base expanded to 7.6 million (plus 35 thousand net adds year on year) out of a total of 8.4 million unique subscribers.
