After several quarters on the down, Mexican telco Megacable has returned to growth, driven by pay-TV.
During 2017, over half of Megacable’s revenue came from video operations, thanks to the increase in subscribers both in pay-TV and the over-the-top (OTT) service Xview.
According to the Q4 2017 financial report, the telco managed to add nearly 100,000 pay-TV homes during the year, exceeding the 3 million barrier.
The figures are especially positive for the company, which has finally reversed the losses reported during the last half of 2016 and the beginning of 2017.
Meanwhile, the OTT and TV everywhere platform continues to show strong performance, growing by over 30% during Q4 2017 and reaching 170,000 homes. Growth has been steady since the service was revamped last summer.
Megacable’s residential business delivered $765 million in revenue, of which almost $400 million was driven by the video business.
According to the latest market figures from the Instituto Federal de Telecomunicaciones (IFT) Megacable is the third largest pay-TV provider in Mexico, far from Televisa’s 13.58 million video homes.