ENGLEWOOD, Colo., Aug. 8, 2023
/PRNewswire/ -- DISH Network Corporation (NASDAQ: DISH) reported
revenue totaling $3.91 billion for
the quarter ending June 30, 2023,
compared to $4.21 billion for the
corresponding period in 2022.
Net income attributable to DISH Network totaled $200 million for the second quarter 2023,
compared to $523 million for the
year-ago quarter.
Diluted earnings per share were $0.31 for the second quarter, compared to
$0.82 per share during the same
period in 2022.
Pay-TV
Net pay-TV subscribers decreased approximately
294,000 in the second quarter, compared to a decrease of
approximately 257,000 in the year-ago quarter.
The company closed the quarter with 8.90 million pay-TV
subscribers, including 6.90 million DISH TV subscribers and 2.00
million SLING TV subscribers.
Wireless
Retail wireless net subscribers decreased by
approximately 188,000 in the second quarter, compared to a net
decrease of 210,000 in the year-ago quarter.
The company closed the quarter with 7.73 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 June 30, 2023, filed
today with the Securities and Exchange Commission.
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.
|
|
|
|
|
|
|
|
|
Quarterly Metrics
|
Q2
2023
|
Q1
2023
|
Q4
2022
|
Q3
2022
|
Q2
2022
|
Q1
2022
|
Q4
2021
|
Q3
2021
|
|
|
|
|
|
|
|
|
|
Other Data:
|
|
|
|
|
|
|
|
|
Pay-TV subscribers, as
of period end (in millions)
|
8.904
|
9.198
|
9.750
|
10.018
|
9.988
|
10.245
|
10.707
|
10.980
|
DISH TV subscribers, as
of period end (in millions)
|
6.901
|
7.098
|
7.416
|
7.607
|
7.791
|
7.993
|
8.221
|
8.424
|
Sling TV subscribers,
as of period end (in millions)
|
2.003
|
2.100
|
2.334
|
2.411
|
2.197
|
2.252
|
2.486
|
2.556
|
Pay-TV subscriber
additions (losses), net (in millions)
|
(0.294)
|
(0.552)
|
(0.268)
|
0.030
|
(0.257)
|
(0.462)
|
(0.273)
|
(0.013)
|
DISH TV subscriber
additions (losses), net (in millions)
|
(0.197)
|
(0.318)
|
(0.191)
|
(0.184)
|
(0.202)
|
(0.228)
|
(0.203)
|
(0.130)
|
Sling TV subscriber
additions (losses), net (in millions)
|
(0.097)
|
(0.234)
|
(0.077)
|
0.214
|
(0.055)
|
(0.234)
|
(0.070)
|
0.117
|
Pay-TV ARPU
|
$ 104.07
|
$ 102.71
|
$ 102.08
|
$
102.07
|
$
101.30
|
$ 99.44
|
$ 97.53
|
$ 96.31
|
DISH TV subscriber
additions, gross (in millions)
|
0.120
|
0.113
|
0.149
|
0.170
|
0.156
|
0.159
|
0.200
|
0.224
|
DISH TV churn
rate
|
1.51 %
|
1.98 %
|
1.51 %
|
1.53 %
|
1.51 %
|
1.59 %
|
1.61 %
|
1.39 %
|
DISH TV SAC
|
$
1,169
|
$
1,055
|
$
1,081
|
$
1,029
|
$ 980
|
$ 1,088
|
$
789
|
$
824
|
|
|
|
|
|
|
|
|
|
Wireless subscribers,
as of period end (in millions)*
|
7.725
|
7.913
|
7.983
|
8.007
|
7.867
|
8.203
|
8.546
|
8.774
|
Wireless subscriber
additions, gross (in millions)
|
0.711
|
0.785
|
0.938
|
0.891
|
0.793
|
0.796
|
0.826
|
0.888
|
Wireless subscriber
additions (losses), net (in millions)
|
(0.188)
|
(0.081)
|
(0.024)
|
0.001
|
(0.210)
|
(0.343)
|
(0.245)
|
(0.121)
|
Wireless
ARPU
|
$
36.37
|
$
36.43
|
$
37.61
|
$
37.64
|
$
37.90
|
$ 37.72
|
$ 38.76
|
$ 39.25
|
Wireless churn
rate
|
4.54 %
|
4.24 %
|
4.57 %
|
4.28 %
|
4.39 %
|
4.64 %
|
4.95 %
|
4.67 %
|
|
|
|
|
|
|
|
|
|
* 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.
|
View original content to download
multimedia:https://www.prnewswire.com/news-releases/dish-network-reports-second-quarter-2023-financial-results-301895123.html
SOURCE DISH Network Corporation