DURHAM, N.H.—U.S. pay TV providers continued to hemorrhage subscribers in Q3 2023 according to new data from the Leichtman Research Group, Inc. (LRG) showing that the largest pay TV providers in the U.S. – representing about 96% of the market – lost about 465,000 net video subscribers in Q3 2023, compared to a pro forma net loss of about 385,000 in Q3 2022.
The results, however, weren’t as bad as the previous quarter, when LRG reported that the largest pay TV providers in the U.S. lost about 1,730,000 net video subscribers in Q2 2023, compared to a pro forma net loss of about 1,725,000 in Q2 2022.
