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Dish Lost 133,000 Pay TV Subscribers in Fourth Quarter
by Georg Szalai | HollywoodReporter.Com
Troy Warren for Hometown Hall #business-all #reviews-all
Dish chairman Charlie Ergen
The company, led by chairman Charlie Ergen and CEO Erik Carlson, posts its latest results and records fourth-quarter growth in Sling TV subs.
Dish Network on Monday reported that it lost 133,000 net pay TV subscribers in the fourth quarter, compared with a loss of 194,000 in the year-ago period and a gain of 116,000 in the third quarter of 2020.
The latest quarter’s figure includes subscribers to the traditional Dish pay TV service, as well as the Sling TV streaming service. The company detailed that it added about 16,000 Sling TV subscribers in the latest period, compared with 203,000 in the third quarter. Dish recorded a net decline of 149,000 satellite TV subscribers, compared with a drop of 87,000 in the third quarter.
The company, led by chairman Charlie Ergen and CEO Erik Carlson, ended December with 11.29 million total subscribers, including 8.82 million Dish TV subscribers and 2.47 million Sling TV subscribers.
Fourth-quarter net income reached $733 million, compared with $389 million in the year-ago quarter. Revenue of $4.56 billion compared with the $3.24 billion the company had recorded in the fourth quarter of 2019.
During the fourth quarter, Dish struck a new multi-year carriage agreement with TV station giant Nexstar Media Group, which covered local stations and the WGN America network.
Englewood, Colo.-based Dish last year also pushed into the retail wireless market through the $1.4 billion acquisition of Boost Mobile. “This marks an important milestone in Dish’s evolution as a connectivity company,” Carlson said. “It positions us well as we continue to build out the first virtualized, standalone 5G network in America.”