Shaw’s nine-month cable revenues climb 3%

2 Jul 2012

Shaw Communications, Canada’s second-largest cable TV operator by subscribers, has announced its financial and operating results for the three and nine months ended 31 May 2012. Consolidated revenue, including triple-play video, voice and internet cable operations and its Shaw Direct satellite TV division, was flat year-on-year in the three-month period at CAD1.28 billion (USD1.26 billion), while nine-month sales rose 6% to CAD3.79 billion. Quarterly total operating income before amortisation of CAD567 million declined 3% over the year-ago period, while the year-to-date figure CAD1.63 billion improved by almost 4%. Cable division revenue increased by 1% and 3% respectively to CAD794 million and CAD2.39 billion in the three- and nine-month periods, while cable operating income before amortisation for the quarter and year-to-date periods of CAD377 million and CAD1.11 billion was down 4% and 1%, respectively.

At the end of May 2012 Shaw’s basic cable customers stood at 2.236 million, down by 54,000 in the first nine months of its financial year ending August. Cable broadband internet customers increased by 29,000 in the same period to 1.906 million, while cable telephony subscribers grew by 107,000 to 1.340 million. Satellite TV customers were virtually flat at 909,000.

Canada, Shaw Communications