ENGLEWOOD, Colo., Feb. 23,
2023 /PRNewswire/ -- DISH Network Corporation
(NASDAQ: DISH) reported revenue totaling $4.04 billion for the quarter ending December 31, 2022, compared to $4.45 billion for the corresponding period in
2021.
Net income attributable to DISH Network totaled $936 million for the fourth quarter 2022,
compared to $552 million from the
year-ago quarter. Diluted earnings per share were $1.47 for the fourth quarter, compared to
$0.87 per share during the same
period in 2021.
Pay-TV
Net pay-TV subscribers decreased approximately
268,000 in the fourth quarter, compared to a decrease of
approximately 273,000 in the year-ago quarter.
The company closed the quarter with 9.75 million pay-TV
subscribers, including 7.42 million DISH TV subscribers and 2.33
million SLING TV subscribers.
Wireless
Retail wireless net subscribers decreased by
approximately 24,000 in the fourth quarter, compared to a net
decrease of 245,000 in the year-ago quarter.
The company closed the quarter with 7.98 million retail wireless
subscribers.
Full-Year 2022 Review
For the year, DISH reported 2022
total revenue of $16.68 billion,
compared to $17.88 billion in
2021.
Net income attributable to DISH Network in 2022 was $2.30 billion, compared to $2.41 billion in 2021. Diluted earnings per share
were $3.61 in 2022, compared to
$3.79 in 2021.
For additional detail on quarterly metrics, please refer to the
attached table.
Detailed financial data and other information are available in
DISH Network's Form 10-K for the year ending December 31,
2022, filed today with the Securities and Exchange
Commission.
DISH Network will host its fourth quarter and year-end
2022 financial results conference call today at noon ET.
Participant conference numbers: (877) 612-6725 (U.S.) and (773)
305-6837; Conference ID: 888303.
Participants may also click here to sign in up to 15 minutes
before the call starts to receive a phone call that automatically
joins them to the earnings call when it begins.
A live webcast will be available on DISH's Investor Relations
website at http://ir.dish.com during the call. A webcast replay
will also be available for 48 hours after the call.
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
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Quarterly
Metrics
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Q4
2022
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Q3
2022
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Q2
2022
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Q1
2022
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Q4
2021
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Q3
2021
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Q2
2021
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Q1
2021
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Other
Data:
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Pay-TV subscribers, as
of period end (in millions)
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9.750
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10.018
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9.988
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10.245
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10.707
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10.980
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10.993
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11.060
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DISH TV subscribers, as
of period end (in millions)
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7.416
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7.607
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7.791
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7.993
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8.221
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8.424
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8.554
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8.686
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Sling TV subscribers,
as of period end (in millions)
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2.334
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2.411
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2.197
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2.252
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2.486
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2.556
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2.439
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2.374
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Pay-TV subscriber
additions (losses), net (in millions)
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(0.268)
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0.030
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(0.257)
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(0.462)
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(0.273)
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(0.013)
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(0.067)
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(0.230)
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DISH TV subscriber
additions (losses), net (in millions)
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(0.191)
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(0.184)
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(0.202)
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(0.228)
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(0.203)
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(0.130)
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(0.132)
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(0.130)
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Sling TV subscriber
additions (losses), net (in millions)
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(0.077)
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0.214
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(0.055)
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(0.234)
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(0.070)
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0.117
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0.065
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(0.100)
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Pay-TV ARPU
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$ 102.08
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$
102.07
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$
101.30
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$ 99.44
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$ 97.53
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$ 96.31
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$ 96.32
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$ 93.63
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DISH TV subscriber
additions, gross (in millions)
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0.149
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0.170
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0.156
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0.159
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0.200
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0.224
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0.201
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0.210
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DISH TV churn
rate
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1.51 %
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1.53 %
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1.51 %
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1.59 %
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1.61 %
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1.39 %
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1.29 %
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1.30 %
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DISH TV SAC
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$
1,081
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$
1,029
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$ 980
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$ 1,088
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$
789
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$
824
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$
890
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$
790
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Wireless subscribers,
as of period end (in millions)*
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7.983
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8.007
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7.867
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8.203
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8.546
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8.774
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8.895
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8.894
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Wireless subscriber
additions, gross (in millions)
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0.938
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0.891
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0.793
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0.796
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0.826
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0.888
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0.944
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1.032
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Wireless subscriber
additions (losses), net (in millions)
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(0.024)
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0.001
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(0.210)
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(0.343)
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(0.245)
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(0.121)
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(0.201)
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(0.161)
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Wireless
ARPU
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$
37.61
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$
37.64
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$
37.90
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$ 37.72
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$ 38.76
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$ 39.25
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$ 39.10
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$ 38.89
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Wireless churn
rate
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4.57 %
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4.28 %
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4.39 %
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4.64 %
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4.95 %
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4.67 %
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4.33 %
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4.44 %
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* During the third
quarter of 2022, T-Mobile transferred approximately 139,000
wireless subscribers to DISH representing all Boost-branded
customers of former Sprint affiliates Shentel and Swiftel, as well
as Boost-branded customers who were previously part of the
California Public Utilities Commission CARE program. The 139,000
subscribers are included in DISH's ending Wireless subscriber count
and excluded from DISH's gross new Wireless subscriber activations.
In addition, during the second quarter of 2022, DISH removed
approximately 126,000 subscribers from its ending Wireless
subscriber count representing wireless subscribers who did not
migrate off T-Mobile's CDMA Network prior to the shutdown. The
effect of the removal of the 126,000 subscribers was excluded from
the calculation of DISH's net Wireless subscriber additions/losses
and Wireless churn rate. During the second quarter of 2021, DISH
acquired over 200,000 subscribers as a result of the Republic
Wireless Acquisition, which are included in DISH's ending Wireless
subscriber count and excluded from DISH's gross new Wireless
subscriber activations for that period.
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SOURCE DISH Network Corporation