But despite the 6,000 subscriber dip in the third quarter of 2017, the company is continuing to innovate.
Ron Eilon, CEO of Yes said: “We continue to lead the Israeli multi-channel television market with our premium services, providing a level of product innovation never before seen in the country. After bringing 4K broadcasting to Israel, in this quarter we also introduced a smart remote with voice-recognition capabilities. In online television, thousands of early-adopters have already connected to our pioneering Sting TV service, which appeals to digitally-connected consumers with a full range of local and international content.”
The OTT Sting box is based Android Nougat and Technicolor’s Skipper product and combies linear broadcasts carried over IP with on demand content. The Ultra HD unit also includes Cisco’s Infinite TV app.
Operating profit in the third quarter of 2017 was NIS 35 million (€8.3m) compared to NIS 62 million in the same quarter of 2016, a decrease of 43.5 per cent, attributable to a fall in revenues.
EBITDA in the third quarter of 2017 was NIS 107 million.