ENGLEWOOD, Colo., May 6, 2022
/PRNewswire/ -- DISH Network Corporation (NASDAQ: DISH) reported
revenue totaling $4.33 billion for
the quarter ending March 31, 2022,
compared to $4.50 billion for the
corresponding period in 2021.
Net income attributable to DISH Network totaled $433 million for the first quarter 2022, compared
to $630 million for the year-ago
quarter.
Diluted earnings per share were $0.68 for the first quarter, compared to
$0.99 per share during the same
period in 2021.
Pay-TV
Net pay-TV subscribers decreased approximately
462,000 in the first quarter, compared to a decrease of
approximately 230,000 in the year-ago quarter.
The company closed the quarter with 10.24 million pay-TV
subscribers, including 7.99 million DISH TV subscribers and 2.25
million SLING TV subscribers.
Wireless
Retail wireless net subscribers decreased by
approximately 343,000 in the first quarter, compared to a net
decrease of 161,000 in the year-ago quarter.
The company closed the quarter with 8.20 million retail wireless
subscribers.
Additional Details
Detailed financial data and other
information are available in DISH Network's Form 10-Q for the
quarter ending March 31, 2022, filed today with the Securities
and Exchange Commission. DISH Network will host its
first quarter 2022 financial results conference call today at
10 a.m. ET.
Participant conference numbers: (800) 289-0720 (U.S.) and (323)
701-0160; Conference ID: 4410103
A live webcast of the earnings call will be available on DISH's
Investor Relations website at http://ir.dish.com. A webcast
replay will also be available for 48 hours after the call.
DISH also will host an Analyst Day on May
10, 2022, at 4 p.m. ET. A live
webcast of the Analyst Day event will be available on DISH's
Investor Relations website at http://ir.dish.com.
About DISH
DISH Network Corporation is a connectivity
company. Since 1980, it has served as a disruptive force, driving
innovation and value on behalf of consumers. Through its
subsidiaries, the company provides television entertainment and
award-winning technology to millions of customers with its
satellite DISH TV and streaming SLING TV services. In 2020, the
company became a nationwide U.S. wireless carrier through the
acquisition of Boost Mobile. DISH continues to innovate in
wireless, building the nation's first virtualized, O-RAN 5G
broadband network. DISH Network Corporation (NASDAQ: DISH) is a
Fortune 200 company.
For company information, visit about.dish.com
Quarterly
Metrics
|
Q1
2022
|
Q4
2021
|
Q3
2021
|
Q2
2021
|
Q1
2021
|
Q4
2020
|
Q3
2020
|
Q2
2020
|
Q1
2020
|
|
|
|
|
|
|
|
|
|
|
Other
Data:
|
|
|
|
|
|
|
|
|
|
Pay-TV subscribers, as
of period end (in millions)
|
10.245
|
10.707
|
10.980
|
10.993
|
11.060
|
11.290
|
11.423
|
11.272
|
11.323
|
DISH TV subscribers, as
of period end (in millions)
|
7.993
|
8.221
|
8.424
|
8.554
|
8.686
|
8.816
|
8.965
|
9.017
|
9.012
|
Sling TV subscribers,
as of period end (in millions)
|
2.252
|
2.486
|
2.556
|
2.439
|
2.374
|
2.474
|
2.458
|
2.255
|
2.311
|
Pay-TV subscriber
additions (losses), net (in millions)
|
(0.462)
|
(0.273)
|
(0.013)
|
(0.067)
|
(0.230)
|
(0.133)
|
0.116
|
(0.096)
|
(0.413)
|
DISH TV subscriber
additions (losses), net (in millions)
|
(0.228)
|
(0.203)
|
(0.130)
|
(0.132)
|
(0.130)
|
(0.149)
|
(0.087)
|
(0.040)
|
(0.132)
|
Sling TV subscriber
additions (losses), net (in millions)
|
(0.234)
|
(0.070)
|
0.117
|
0.065
|
(0.100)
|
0.016
|
0.203
|
(0.056)
|
(0.281)
|
Pay-TV ARPU
|
$ 99.44
|
$ 97.53
|
$ 96.31
|
$ 96.32
|
$ 93.63
|
$ 94.47
|
$ 91.79
|
$ 92.17
|
$ 88.76
|
DISH TV subscriber
additions, gross (in millions)
|
0.159
|
0.200
|
0.224
|
0.201
|
0.210
|
0.235
|
0.292
|
0.268
|
0.299
|
DISH TV churn
rate
|
1.59%
|
1.61%
|
1.39%
|
1.29%
|
1.30%
|
1.44%
|
1.41%
|
1.14%
|
1.54%
|
DISH TV SAC
|
$ 1,088
|
$
789
|
$
824
|
$
890
|
$
790
|
$
842
|
$
864
|
$
834
|
$
861
|
|
|
|
|
|
|
|
|
|
|
Wireless subscribers,
as of period end (in millions)
|
8.203
|
8.546
|
8.774
|
8.895
|
8.894
|
9.055
|
9.418
|
-
|
-
|
Wireless subscriber
additions, gross (in millions)
|
0.938
|
1.049
|
1.098
|
0.964
|
1.032
|
0.989
|
1.104
|
-
|
-
|
Wireless subscriber
additions (losses), net (in millions)
|
(0.343)
|
(0.245)
|
(0.121)
|
(0.201)
|
(0.161)
|
(0.363)
|
(0.212)
|
-
|
-
|
Wireless
ARPU
|
$ 37.72
|
$ 38.76
|
$ 39.25
|
$ 39.10
|
$ 38.89
|
$ 38.32
|
$ 38.17
|
-
|
-
|
Wireless churn
rate
|
5.11%
|
4.98%
|
4.61%
|
4.32%
|
4.44%
|
4.88%
|
4.64%
|
-
|
-
|
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SOURCE DISH Network Corporation