Quoting figures produced by the regulator CNMC, El Economista reports that Vodafone’s audiovisual revenues in H2 2019 amounted to €90.28 million, or 24% less than the €119.24 million posted the corresponding period a year earlier.
At the same time, Orange saw its audiovisual revenues grow by 40% from €40.05 million to €67.49 million.
Meanwhile, Telefónica was barely affected by Vodafone’s decision, its H2 2018 audiovisual revenues of €843 million being only 1.2% lower than a year earlier.
Looking at 2018 as a whole, Orange saw its audiovisual revenues grow by 48.6%, while both Vodafone (-7.8%) and Telefónica (-1.05%) experienced falls.
CNMC data shows that the number of pay-TV subscribers in Spain grew by 3.1% year-on-year to 6.9 million in 2018, with 6.3 million of the total opting for bundled offers.
However, pay-TV revenues fell by 1.6% year-on-year to €521 million.