November 4, 2021
Dish Nov. 4 said it added 117,000 Sling TV subscribers in the third quarter (ended Sept. 30). That compared with the addition of approximately 203,000 net Slings subs during the same period in 2020. The decrease was primarily related to higher subscriber disconnects, partially offset by higher Sling subscriber activations.
“We continue to experience increased competition, including competition from other subscription video on-demand and live-linear OTT service providers,” Dish said in a statement.
Dish, which is transitioning into wireless spectrum, broadband and telecommunications (Boost Mobile) businesses, ended the quarter with 10.9 million total pay-TV subs, including 8.4 million satellite customers and 2.5 million Sling subs. Dish has lost 541,000 pay-TV subs year-over-year.
Regardless, pay-TV revenue increased 9% in the quarter to $3.22 billion, from revenue of $3.19 billion a year ago. Operating income dropped 13% to $699 million, from $803 million in the previous-year period.