August 7, 2020
Dish Network Aug. 7 said it lost 96,000 pay-TV subscribers in the second quarter (ended June 30), including 56,000 Sling TV paid members. That compared with a loss of 79,000 pay-TV subs during the previous-year period, in addition to a gain of 48,000 Sling TV customers.
The company closed the quarter with 11.27 million pay-TV subscribers, including 9.02 million Dish TV subs and 2.25 million Sling TV subs. The online TV service has now lost more than 200,000 subs in the previous 12 months of the fiscal year, ending the prior-year period with 2.47 million subs.
The satellite TV operator attributed the subscriber losses to ongoing economic impacts of the coronavirus pandemic, including unemployment and loss of live sports programming. Sling TV launched in 2015 as the first online TV service, including the first to offer ESPN as part of non-traditional pay-TV bundle.
“The COVID-19 pandemic has caused significant disruption in certain commercial segments served by Dish, including the hospitality and airline industries,” the company said in a statement.
Dish said increased competition, including competition from other subscription video on-demand and online TV service providers have negatively impacted sub growth. Indeed, with the exception of Sony killing PlayStation Vue, the online TV market now includes AT&T TV, YouTube TV, Philo, FuboTV and Hulu with Live TV, among others.
Dish reported quarterly profit of $452 million on revenue of $3.19 billion. That compared with profit of $317 million on revenue of $3.21 billion in the previous-year period.