ENGLEWOOD, Colo., Nov. 6, 2023
/PRNewswire/ -- DISH Network Corporation (NASDAQ: DISH) reported
revenue totaling $3.70 billion for
the quarter ending September 30,
2023, compared to $4.10
billion for the corresponding period in 2022.
Net loss attributable to DISH Network totaled $139 million for the third quarter 2023, compared
to $412 million in net income earned
in the year-ago quarter.
Diluted loss per share was $0.26
for the third quarter, compared to earnings per share of
$0.65 during the same period in
2022.
Pay-TV
Net pay-TV subscribers decreased approximately
64,000 in the third quarter, compared to a net increase of
approximately 30,000 in the year-ago quarter.
The company closed the quarter with 8.84 million pay-TV
subscribers, including 6.72 million DISH TV subscribers and 2.12
million SLING TV subscribers.
Wireless
Retail wireless net subscribers decreased by
approximately 225,000 in the third quarter, compared to a net
increase of 1,000 in the year-ago quarter.
The company closed the quarter with 7.50 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 September 30, 2023,
filed today with the Securities and Exchange Commission.
DISH Network will host its third quarter 2023 financial results
conference call today at noon ET.
Participant conference numbers: (800) 289-0459 (U.S.) and (773)
305-6837; Conference ID: 3601395; Participant Passcode: 141700
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 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.
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
|
Q3
2023
|
Q2
2023
|
Q1
2023
|
Q4
2022
|
Q3
2022
|
Q2
2022
|
Q1
2022
|
Q4
2021
|
|
|
|
|
|
|
|
|
|
Other
Data:
|
|
|
|
|
|
|
|
|
Pay-TV subscribers, as
of period end (in millions)
|
8.840
|
8.904
|
9.198
|
9.750
|
10.018
|
9.988
|
10.245
|
10.707
|
DISH TV subscribers, as
of period end (in millions)
|
6.720
|
6.901
|
7.098
|
7.416
|
7.607
|
7.791
|
7.993
|
8.221
|
Sling TV subscribers,
as of period end (in millions)
|
2.120
|
2.003
|
2.100
|
2.334
|
2.411
|
2.197
|
2.252
|
2.486
|
Pay-TV subscriber
additions (losses), net (in millions)
|
(0.064)
|
(0.294)
|
(0.552)
|
(0.268)
|
0.030
|
(0.257)
|
(0.462)
|
(0.273)
|
DISH TV subscriber
additions (losses), net (in millions)
|
(0.181)
|
(0.197)
|
(0.318)
|
(0.191)
|
(0.184)
|
(0.202)
|
(0.228)
|
(0.203)
|
Sling TV subscriber
additions (losses), net (in millions)
|
0.117
|
(0.097)
|
(0.234)
|
(0.077)
|
0.214
|
(0.055)
|
(0.234)
|
(0.070)
|
Pay-TV ARPU
|
$ 105.25
|
$ 104.07
|
$ 102.71
|
$ 102.08
|
$
102.07
|
$
101.30
|
$ 99.44
|
$ 97.53
|
DISH TV subscriber
additions, gross (in millions)
|
0.142
|
0.120
|
0.113
|
0.149
|
0.170
|
0.156
|
0.159
|
0.200
|
DISH TV churn
rate
|
1.58 %
|
1.51 %
|
1.98 %
|
1.51 %
|
1.53 %
|
1.51 %
|
1.59 %
|
1.61 %
|
DISH TV SAC
|
$
1,065
|
$
1,169
|
$
1,055
|
$
1,081
|
$
1,029
|
$ 980
|
$ 1,088
|
$
789
|
|
|
|
|
|
|
|
|
|
Wireless subscribers,
as of period end (in millions)*
|
7.500
|
7.725
|
7.913
|
7.983
|
8.007
|
7.867
|
8.203
|
8.546
|
Wireless subscriber
additions, gross (in millions)
|
0.638
|
0.711
|
0.785
|
0.938
|
0.891
|
0.793
|
0.796
|
0.826
|
Wireless subscriber
additions (losses), net (in millions)
|
(0.225)
|
(0.188)
|
(0.081)
|
(0.024)
|
0.001
|
(0.210)
|
(0.343)
|
(0.245)
|
Wireless
ARPU
|
$
35.74
|
$
36.37
|
$
36.43
|
$
37.61
|
$
37.64
|
$
37.90
|
$ 37.72
|
$ 38.76
|
Wireless churn
rate
|
4.21 %
|
4.54 %
|
4.24 %
|
4.57 %
|
4.28 %
|
4.39 %
|
4.64 %
|
4.95 %
|
|
|
|
|
|
|
|
|
|
* 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.
|
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SOURCE DISH Network Corporation