Pay TV is significantly growing in Spain, with over 6.7 million subscribers in the first quarter of 2018, up from 6.09 million last year, representing growth of 10.4% year-on-year, according to CNMC, as reported by Advanced Television.
In the first quarter, pay TV grew by 6.1%, adding 137,000 subscriptions and totalling €556.6 million ($634.4 million) in revenue. Conversely, free-to-air services saw revenue of €427.5 million ($487.3 million), a fall of 4.8%.
IPTV leads the pay TV market with 4.2 million subscribers, 62% of the market. IPTV gained 670,000 subscribers year-on-year versus drops of 95,000 and 90,000 for satellite and cable respectively. Convergent packages set new records with almost 6 million customers, out of which 5.6 million enjoy a quintuple package, CNMC added.
