Dish Second Quarter Earnings, Subscriber Report – The Hollywood Reporter
Dish Network lost about 257,000 net pay TV subscribers in the second quarter, compared with a drop of 67,000 in the same period last year and a drop of 462,000 in the first quarter of the year.
The latest quarterly figures include subscribers to the traditional Dish pay-TV service, as well as the streaming service Sling TV. The company disclosed in a regulatory filing early Wednesday that it lost about 55,000 Sling TV subscribers in the latest quarter, while recording a net decline of about 202,000 traditional satellite TV subscribers.
It ended June with 2.0 million Sling TV subscribers and 7.79 million Dish satellite subscribers, meaning it closed the second quarter with a total of 9.99 million pay TV subscribers. money.
On Wednesday, Dish also reported a drop of 210,000 retail wireless network subscribers for the second quarter, ending with 7.87 million.
Dish’s second-quarter revenue of $4.21 billion was down 6% from $4.49 billion for the corresponding period in 2021. Quarterly earnings due to Dish totaled $523 million, compared with 671. million dollars last quarter, down 22 percent.
Dish is led by chairman and chief executive officer W. Erik Carlson and chairman Charlie Ergen. “We had higher-than-expected customer sales after the football season, but the bottom line was we simply weren’t performing at the level we expected,” Carlson said in a statement. conference call about first-quarter earnings, but declared: “Our best days are definitely ahead of us. “