Categories AlphaGraphs, Technology

DISH Network continues to lose revenue in Q4

Satellite TV provider Dish Network, which once maintained its dominance in the TV households, is now battling a tough competition from video streaming services like Netflix and Hulu, despite a strong contribution from its over-the-top internet television service Sling TV. The impact of shrinking subscriber base is quite evident even in the latest fourth quarter results.

The entire Pay-TV domain is suffering. The growing interest in cord-cutting has impacted the Douglas County Dish Network even more when compared to other Pay-TV providers. The company reported just over 7% drop in its fourth quarter revenue to $3.48 billion from $3.75 billion a year ago. However, profit surged in the final quarter of 2017, mainly due to the income tax benefit of about $1.2 billion from the recent tax reform.  Earnings stood at $2.64 per share compared to $0.73 per share during the same period of 2016.

For the first time ever, the satellite operator even gave the numbers for Sling TV. As of Dec. 31, 2017, the number of Sling TV subscribers rose by almost 47% to 2.21 million compared to 1.5 million a year earlier. At the end of 2017, the company had 13.2 million Pay-TV subscribers, down 429,000 from the year-earlier period. In addition to the Sling TV subscribers, Dish reported having 11.02 million subscribers for DISH TV.  The Pay-TV ARPU slipped to $86.43 in 2017 from $88.66 in the previous year because of more Sling TV subscribers paid lower monthly fees ($20).

However, Dish continues to lure its customers back to its Pay-TV services by offering the so-called ‘skinny bundles’ through Sling TV.

Most Popular

United Parcel Service (UPS) seems on track to regain lost strength

Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top