Yes marks subscriber growth in Q1

Israeli satellite platform, yes, announced a new subscriber growth recording 634,000 subscribers in the first quarter with an addition of 2,000 subscribers.

“This quarter, we again posted growth in the number of subscribers, reaching a record 634,000 subscribers. These gains were made despite the entry of new players into the TV market and severe regulatory restrictions which are still being imposed selectively on some players, but not on others,” said Ron Eilon, CEO of yes.

The additional 2,000 subscribers came alongside a first quarter 3.9% revenue increase to NIS 440 million. However, operating profit fell by 19% to NIS 59 million.