Shaw Communications Inc. is reporting higher second-quarter net income of $222 million and earnings per share of 46 cents, compared with net income of $182 million, or 38 cents per share, in the same quarter of 2013.
The Calgary-based company’s revenue edged up two per cent to $1.27 billion, from $1.25 billion a year earlier.
Shaw’s cable television division reported $839 million revenue for the quarter, up 3%.
Satellite TV revenue was $220 million, up 5.2% from $209 million year-over-year.
Shaw said revenue and operating income before amortization in its media division was $239 million in the quarter, down 4% from $249 million in the same period last year.
The company said it had 1.98 million cable TV subscribers as of Feb. 28, losing 20,758 subscribers in the quarter. Shaw lost 29,525 customers in the same period last year.
It had 1.9 million Internet subscribers as of Feb. 29 and added 12,767 customers in the quarter. Shaw added 7,675 Internet customers in the second quarter of 2013.
The company lost 1,405 satellite TV customers in the quarter, compared with additions of 1,328 customers in the same quarter in 2013. Shaw said it had 892,837 satellite TV customers as of Feb. 28.
Shaw Media also owns Global Television and has specialty channels such as HGTV Canada, Food Network Canada, History Television and Showcase.
