DISH Network Reports Third Quarter 2023 Financial Results
- DISH Network's revenue decreased by 9.8% compared to the same period last year.
- Net loss of $139 million in Q3 2023, compared to net income of $412 million in Q3 2022.
- Pay-TV subscribers decreased by 64,000 in Q3 2023.
- Retail wireless net subscribers decreased by 225,000 in Q3 2023.
- None.
Net loss attributable to DISH Network totaled
Diluted loss per share was
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 (
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
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. | ||||||||
View original content to download multimedia:https://www.prnewswire.com/news-releases/dish-network-reports-third-quarter-2023-financial-results-301977866.html
SOURCE DISH Network Corporation
FAQ
What was DISH Network's revenue for Q3 2023?
What was the net loss for DISH Network in Q3 2023?
How many pay-TV subscribers did DISH Network have in Q3 2023?
How many retail wireless subscribers did DISH Network have in Q3 2023?
What was the change in pay-TV subscribers for DISH Network in Q3 2023?
What was the change in retail wireless subscribers for DISH Network in Q3 2023?
