May 6, 2022
The first fiscal quarter of 2022 was not a good one for Dish Network. The long-time satellite TV operator reported significant subscriber losses in both its legacy pay-TV business as well as pioneering online TV segment.
The company reported a first-quarter (ended March 31) loss of 693,000 legacy pay-TV subscribers, to end the period with 7.99 million paying subs. That compared with 8.68 million subs in the prior-year period. In its pioneering online TV business unit, Sling TV saw a sub loss of 122,000 to end the period with 2.25 million subs, compared with 2.37 million a year ago.
At the end of the quarter, Dish had 10.245 million combined pay-TV/online TV subscribers in the U.S.
The Sling TV sub loss is especially significant since the service was seen as a savior to the declining pay-TV industry since its launch in 2015. Instead, the online TV market is now led by Hulu + Live TV and Google TV, among others.