Dish Network Highlights Sling TV Subscribers as Pay-TV Declines
21 February 2018 - 11:07PM
Dow Jones News
By Imani Moise
Dish Network Corp. disclosed how many Sling TV subscribers it
has for the first time as the company looks to assure investors it
can grow in new businesses while customers continue to drop their
traditional cable packages.
On Wednesday the company said Sling TV, its online-only pay-TV
package, had 2.2 million subscribers. As of December, several
analysts estimated that the service had well over 1 million paying
subscribers.
Dish launched the streaming service over two years ago in an
attempt to lure younger viewers and people who aren't subscribing
to regular cable.
The number of Sling TV customers weren't enough to offset
overall declines in pay TV subscribers. The company finished the
quarter with a total 13.2 million subscribers including its regular
cable customers, down from 13.7 million subscribers last year.
Overall for the quarter, Dish reported earnings of $1.39
billion, or $2.64 a share, up from $355 million, or 73 cents a
share a year earlier. The period was helped by a $1.2 billion
benefit related to the recently enacted tax overhaul.
Revenue fell 7.8% to $3.48 billion, missing the $3.53 billion
forecast by Thomson Reuters.
Shares, inactive premarket, have fallen 29% over the past
year.
Write to Imani Moise at imani.moise@wsj.com
(END) Dow Jones Newswires
February 21, 2018 06:52 ET (11:52 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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