Cord-cutting is still getting worse for cable companies, but pay-TV subs just increased for the first time since 2017

For the first time in eight years, pay TV is rising.

According to the latest Cord-Cutting Monitor report from analyst firm MoffettNathanson, the number of subscriptions to linear video packages actually rose during the third quarter of 2025.

The estimates, which include subscriptions to virtual multichannel video programming distributors (vMVPDs) like YouTube TV, show that the pay-TV industry had 303,000 subscriber additions in the third quarter, marking the first quarterly gain since 2017.

However, the research notes that the increase was “reasonably small” and seasonal given that it happened during the quarter when the NFL season began, meaning it could potentially see subscribers drop out again at the beginning of Q1 next year.

While much of the sequential growth came from the vMPVD segment, traditional........

© Fast Company