Direct-broadcast satellite service provider DISH Network today reported a revenue decline of 7.2% for its fourth quarter to $3.48 billion. Earnings were hurt by a fall in subscriber-related revenue, which was driven by continuing decline in its DISH TV subscriber base.
However, the company’s earnings jumped to $1.39 billion from $355 million a year ago, thanks to the tax benefit from the recent Republican tax reform.
Its Sling TV witnessed a 47.3% surge in subscribers to 2.21 million from the end of 2016. This is the first time the satellite operator is disclosing the figures for Sling TV.
The company disclosed that it added around 700,000 Sling customers over the 2017 period, while lost around 1.1 million subscribers in its traditional satellite TV arm over the same period, declining overall by 429,000 or 3.1% for 2017.
Most Popular
Important takeaways from Paychex’s (PAYX) Q2 2025 earnings report
Paychex Inc. (NASDAQ: PAYX), a leading provider of human resources and payroll services, reported better-than-expected revenue and profit for the second quarter of fiscal 2025, sending the stock higher soon
Lamb Weston’s (LW) challenges may not end soon, a few points to note
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) turned red in mid-day trade on Friday. The stock has dropped 19% in the past one month. The company delivered disappointing results
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss