The traditional satellite TV business continued to suffer subscriber attrition in the fourth quarter of 2021, following the release of financial results from DISH Network Thursday.

The direct-to-home satellite TV and over-the-top streaming services resource ended 2021 with 10.71 million total subscribers, including 8.22 million for DISH and 2.49 million subscribers for live OTT streaming service Sling TV.

The company said that for the year, the DISH satellite service lost 583,000 subscribers, following a 526,000 subscriber loss in 2020.

Net pay-TV subscribers decreased approximately 273,000 in the fourth quarter, compared to a decrease of approximately 133,000 in the year-ago quarter.

For the fourth quarter ending Dec. 31, 2021, the company reported revenue totaling $4.45 billion, compared to $4.56 billion for the corresponding period in 2020.

Net income attributable to DISH Network totaled $552 million for the fourth quarter 2021, compared to $733 million from the year-ago quarter.

In other businesses, retail wireless net subscribers decreased by approximately 245,000 in the fourth quarter, compared to a net decrease of 363,000 in the year-ago quarter.

See What Your 4K UHD TV Can Really Do With The Spears & Munsil 4K UHD Blu-ray Disc, $39.95.

Portrait Displays Calman Display Calibration Software

Amazon’s Best Selling 4K Ultra HDTVs

Amazon’s Camera, Photo & Video Deals

Amazon Fire TV Cube Media Adapter with Alexa

Amazon Fire TV Stick 4K Max with Alexa Voice Remote

Amazon Echo Smart Speaker with Premium Sound, Alexa Voice Control

Amazon Echo Show 15 Alexa Voice Controlled Smart Screen

Amazon Echo Dot with Clock Voice Controlled Speaker

Amazon Echo Studio 3D Audio Alexia Smart Speaker

Best Selling Soundbars and 5.1 Surround Systems

Best Selling Blu-ray Players

The company closed the quarter with 8.55 million retail wireless subscribers.

For the year, DISH reported 2021 total revenue of $17.88 billion, compared to $15.49 billion in 2020.

For the full year, net income attributable to DISH Network was $2.41 billion, compared to $1.76 billion in 2020.

DISH’s satellite TV rival DirecTV was spun off by parent AT&T last summer.

Concerning the fall-off from its OTT streaming service Sling TV, Dish attributed the results to increased competition. 

Online purchases made using links provided on this site might generate a small commission for HD We thank you for your support!

By Greg Tarr

Have a question for the HD Guru? HD GURU|Email

Copyright ©2022 HD Guru Inc. All rights reserved. HD GURU is a registered trademark.