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
DG Earnings Preview: What to look for when Dollar General reports Q3 results
Discount store chain Dollar General Corporation (NYSE: DG) will be reporting third-quarter results next week. Operating nearly 20,000 stores across the US, it is one of the largest supermarket chains
Dollar Tree (DLTR): A few points to note about the discount retailer’s Q3 performance
Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were up over 1% on Thursday. The stock has dropped 13% year-to-date. The discount retailer delivered third-quarter 2023 earnings results that did not
KR Earnings: Key quarterly highlights from Kroger’s Q3 2023 financial results
The Kroger Co. (NYSE: KR) reported its third quarter 2023 earnings results today. Total company sales were $34 billion compared to $34.2 billion for the same period last year. Identical sales
