Dish Network lost about 257,000 net pay-TV subscribers in the second quarter, compared with a decline of 67,000 in the same period a year earlier and a decline of 462,000 in the first quarter.
The company said in an advance regulatory filing on Wednesday that it lost about 55,000 Sling TV subscribers in the last quarter, compared with 65,000 a year earlier. June ended with 2.0 million Sling TV subscribers. “Net Sling TV’s subscriber decline was primarily related to subscriber churn following seasonal sporting events,” the company said in a regulatory filing. “We continue to face increasing competition, including competition from other providers of direct linear OTT services and subscription video on demand.”
Dish also reported a net decline of around 202,000 in its traditional Dish satellite TV subscribers, ending June with 7.79 million. He attributed the decline in overall new subscriber activations “primarily to a lack of demand and changing consumer behavior, as well as increased competitive pressure.” The company said overall subscriber activations “continue to be negatively impacted by our stringent customer acquisition policies for Dish TV subscribers, including, but not limited to, a focus on acquiring higher quality subscribers. In addition, we continue to assess the impact of COVID-19 and cannot predict with certainty the impact on our new Dish TV subscriber activations.”
Meanwhile, net subscriber additions “were negatively impacted by programming disruptions and the threat of programming disruptions related to the planned expiration of programming transport contracts with content providers,” Disch noted.
The company said its traditional food customer churn rate for the three months ended June 30 rose to 1.51%, compared with 1.29% in the same period in 2021. Among other things, cut the cord, change consumer behavior and increase competitive pressure. ”
Overall, Dish ended the second quarter with 9.99 million pay-TV subscribers.
The company also said on Wednesday that it eliminated 210,000 retail wireless subscribers in the second quarter, ending up at 7.87 million.
Dish also said on Wednesday that it cut 210,000 wireless retail subscribers in the second quarter, ending with 7.87 million.
Dish’s second-quarter revenue of $4.21 billion decreased 6% from $4.49 billion in the corresponding period in 2021. Quarterly profit attributable to Dish was $523 million, down 22% compared to $671 million in the previous quarter.
Dish is led by President and CEO W. Erik Carlson and President Charlie Ergen. “We had a larger-than-expected decline in customer numbers after the football season, but the bottom line is that we just didn’t hit the level we expected,” Carlson said on the first-quarter earnings call, but promised, “Our best days until now.” Of course, they are ahead of us. “
Source: Hollywood Reporter
Camila Luna is a writer at Gossipify, where she covers the latest movies and television series. With a passion for all things entertainment, Camila brings her unique perspective to her writing and offers readers an inside look at the industry. Camila is a graduate from the University of California, Los Angeles (UCLA) with a degree in English and is also a avid movie watcher.
