DISH Network reports fourth quarter, year-end 2021 financial results
DISH Network Corporation (NASDAQ: DISH) reported a revenue of $4.45 billion for Q4 2021, down from $4.56 billion in Q4 2020. Net income fell to $552 million ($0.87 per share) compared to $733 million ($1.24 per share) a year earlier. The company lost approximately 273,000 pay-TV subscribers in Q4, compared to a loss of 133,000 in the same quarter of 2020. However, annual revenue grew to $17.88 billion in 2021, up from $15.49 billion in 2020, with a net income of $2.41 billion versus $1.76 billion previously.
- Annual revenue for 2021 reached $17.88 billion, up 15.5% from $15.49 billion in 2020.
- Net income for 2021 increased to $2.41 billion, a 37% rise from $1.76 billion in 2020.
- Diluted earnings per share improved to $3.79 in 2021 from $3.02.
- Q4 2021 revenue decreased by $0.11 billion compared to the same quarter in 2020.
- Net income dropped by $181 million from Q4 2020 to Q4 2021.
- Loss of approximately 273,000 pay-TV subscribers in Q4 2021, escalating from 133,000 in Q4 2020.
ENGLEWOOD, Colo., Feb. 24, 2022 /PRNewswire/ -- DISH Network Corporation (NASDAQ: DISH) reported revenue totaling
Net income attributable to DISH Network totaled
Pay-TV
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.
The company closed the quarter with 10.71 million pay-TV subscribers, including 8.22 million DISH TV subscribers and 2.49 million SLING TV subscribers.
Wireless
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.
The company closed the quarter with 8.55 million retail wireless subscribers.
Full-Year 2021 Review
For the year, DISH reported 2021 total revenue of
Net income attributable to DISH Network in 2021 was
For additional detail on quarterly metrics, please refer to the attached table.
Detailed financial data and other information are available in DISH Network's Form 10-K for the year ending December 31, 2021, filed today with the Securities and Exchange Commission. DISH Network will host its fourth quarter and year-end 2021 financial results conference call today at noon ET.
Participant conference numbers: (800) 289-0720 (U.S.) and (323) 701-0160; Conference ID: 9002646.
A live webcast will be available on DISH's Investor Relations website at http://ir.dish.com during the call. 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.
For company information, visit about.dish.com
Quarterly Metrics | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 |
Other Data: | ||||||||
Pay-TV subscribers, as of period end (in millions) | 10.707 | 10.980 | 10.993 | 11.060 | 11.290 | 11.423 | 11.272 | 11.323 |
DISH TV subscribers, as of period end (in millions) | 8.221 | 8.424 | 8.554 | 8.686 | 8.816 | 8.965 | 9.017 | 9.012 |
Sling TV subscribers, as of period end (in millions) | 2.486 | 2.556 | 2.439 | 2.374 | 2.474 | 2.458 | 2.255 | 2.311 |
Pay-TV subscriber additions (losses), net (in millions) | (0.273) | (0.013) | (0.067) | (0.230) | (0.133) | 0.116 | (0.096) | (0.413) |
DISH TV subscriber additions (losses), net (in millions) | (0.203) | (0.130) | (0.132) | (0.130) | (0.149) | (0.087) | (0.040) | (0.132) |
Sling TV subscriber additions (losses), net (in millions) | (0.070) | 0.117 | 0.065 | (0.100) | 0.016 | 0.203 | (0.056) | (0.281) |
Pay-TV ARPU | ||||||||
DISH TV subscriber additions, gross (in millions) | 0.200 | 0.224 | 0.201 | 0.210 | 0.235 | 0.292 | 0.268 | 0.299 |
DISH TV churn rate | ||||||||
DISH TV SAC | $ 789 | $ 824 | $ 890 | $ 790 | $ 842 | $ 864 | $ 834 | $ 861 |
Wireless subscribers, as of period end (in millions) | 8.546 | 8.774 | 8.895 | 8.894 | 9.055 | 9.418 | ||
Wireless subscriber additions, gross (in millions) | 1.049 | 1.098 | 0.964 | 1.032 | 0.989 | 1.104 | ||
Wireless subscriber additions (losses), net (in millions) | (0.245) | (0.121) | (0.201) | (0.161) | (0.363) | (0.212) | ||
Wireless ARPU | ||||||||
Wireless churn rate |
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SOURCE DISH Network Corporation
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