In a clear indication of its future business in video, AT&T’s Q4 results have shown strong growth for its skinny pay-TV bundles in both the US and Latin America, with its DIRECTV NOW service surpassing one million subscribers.
Overall for the fourth quarter ending 31 December 2017, AT&T's consolidated revenues totalled $41.7 billion, almost identical to the same time a year ago, with the company noting a decline in domestic video. For full-year 2017, AT&T's consolidated revenues totalled $160.5 billion versus $163.8 billion at the end of 2016.For its entertainment group, the fourth quarter saw 300,000 total video net adds: 161,000 in the US. and 139,000 in Latin America. Over the year in the US there were 368,000 DIRECTV NOW net adds to reach nearly 1.2 million subscribers. In Latin America over the year revenues were up 16%, with strong growth in Mexico wireless and DIRECTV Latin America, along with 139,000 DIRECTV Latin America net adds leading to 13.6 million total subscribers.
