Cableco revenues up 5.7% in 2012, reports CRTC

10 Apr 2013

Canadian telecoms and broadcasting regulator the CRTC reports that cable TV network operators earned combined revenues of CAD11.6 billion (USD11.4 billion) in 2012, including television, internet access and telephony services. This represented an increase of 5.7% over the previous year’s total revenues of CAD11 billion. Operating expenses were 5.8% higher during the same period, rising from CAD6.1 billion to CAD6.5 billion but profits before interest and taxes (PBIT) remained virtually the same at CAD2.6 billion, although the PBIT margin declined slightly from 23.1% to 22.2%. Canadian households subscribing to basic cable TV services increased by 2% to reach 8.7 million at end-2012.

Satellite TV operators’ revenues however, decreased by 2%, from CAD2.55 billion in 2011 to CAD2.5 billion in 2012, following successive years of steady growth. Satellite TV operating expenses declined from CAD1.9 billion to CAD1.7 billion, resulting in an increase in PBIT, from CAD175.7 million in 2011 to CAD389.2 million in 2012. This contributed to a PBIT margin of 15.6%, which was more than double last year’s margin of 6.9%, the CRTC added. Canadian households subscribing to a satellite company’s basic television service decreased by 1.8% to stand at 2.8 million at 31 December 2012.