Dish Reports Loss Of 13,000 Net Pay-TV Subscribers In Q3-2021
Dish Network said Thursday that its net pay-TV subscriber count dropped by 13,000 over the third quarter ended Sept. 30, 2021.
The company reported it closed the quarter with 10.98 million total pay-TV subscribers, including 8.42 million DISH satellite-TV subscribers and 2.56 million Sling TV live over-the-top streaming subscribers.
At the close of Q3-2020, the company reported 11.42 million pay-TV subscribers, including 8.96 million Dish TV subscribers and 2.46 million Sling TV subscribers. Net pay-TV subscribers increased by approximately 116,000 in the year-ago period, when the pandemic was driving greater spending on home entertainment.
At the end of the second quarter 2021, the company reported 10.99 million net pay TV subscribers.
In October, Dish announced a $5 per month price increase for most of its linear satellite TV pricing packages, effective Nov. 16, 2021. At that time, the company attributed the price hike to escalating program acquisition costs. Also in October, and for the same reason, Tegna’s 53 TV stations were blacked out to the company’s subscribers.
Elsewhere, Dish reported a loss of 121,000 retail wireless subscribers in the period for 8.77 million total wireless subscribers.
The company said net income in the period rose 10% from Q3-2020 to $557 million. Revenue in the quarter totaled $4.45 billion, compared to $4.53 billion from the year-ago period.
Year-to-date revenue totaled $13.43 billion, compared to $10.94 billion from the first nine months last year. Over the first three quarters, net income attributable to DISH Network totaled $1.86 billion, compared with $1.03 billion during the same period last year.
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By Greg Tarr
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