Although Spain’s pay-TV market is growing strongly, its cable sector is struggling to keep up with other delivery methods.
The latest data published by the regulator CNMC shows that cable TV revenues in Q1 this year amounted to €53.8 million, down from €56.4 million in then corresponding period in 2015.
Meanwhile, those for satellite TV service rose from €303.7 million to €337.1 million and for XDSL/FTTH TV services from €216.3 million to €223.4 million.
Terrestrial TV (TDT), the highest earner, grew from €428.8 million to €442.1 million.
Total revenues from pay-TV services in Q1 amounted to €622.2 million, up from €509.4 million a year earlier.
FTA TV revenues increased from €413.6 million to €441.2 million.
The total number of pay-TV subscribers as of Q1 was 5.75 million. Of these 1.051 million were satellite, 1.416 million cable and 3.058 million XDSL/FTTH.
In the latter case, the number was up from 2.268 million a year earlier and nearly three times the 948,000 posted in Q1 2014.
Significantly, 81.2% of pay-TV subscribers in Q1 opted for bundled offers, or 15 percentage points more than a year earlier.
