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Pay-TV revenues decreased 1.1% year over year to $3.16 billion. As of Mar 31, 2022, DISH had 10.245 million Pay-TV subscribers in the United States, including 7.993 million DISH TV subscribers and 2.252 million SLING TV subscribers.
Net pay-TV subscribers decreased by roughly 462K in the first quarter compared with a decrease of roughly 230K in the year-ago quarter.
Pay-TV ARPU increased 6.2% year over year to $99.44. Additionally, the DISH TV churn rate was 1.59% compared with the year-ago quarter’s 1.3%.
Wireless revenues were $1.16 billion, down 10% year over year. Wireless subscribers, at the end of the reported quarter, were 8.203 million.
Wireless ARPU was $37.72 while Wireless churn rate was 5.11% in the reported quarter.
In the first quarter, DISH TV subscriber-acquisition costs increased 37.7% year over year to $1,088.
Total cost and expenses increased 4% year over year to $3.78 billion.
EBITDA decreased 27.5% year over year to $753.1 million.
Operating income was $550.4 million, down 36.3% year over year. Pay-TV operating income decreased 2.7% year over year to $752 million. Wireless operating loss was $201.7 million against the year-ago quarter’s income of $91.8 million.
Balance Sheet
As of Mar 31, 2022, DISH Network had cash, cash equivalents and current marketable investment securities of $3.23 billion compared with $5.40 billion as of Dec 31, 2021.
Total debt, as of Mar 31, 2022, was $21.42 billion compared with $21.41 billion as of Dec 31, 2021.
Zacks Rank & Stocks to Consider
DISH currently has a Zacks Rank #4 (Sell).
DISH Network’s shares have tumbled 15.3% in the year-to-date period compared with the Zacks Consumer Discretionary sector’s fall of 31.4%.
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DISH Network (DISH) Q1 Earnings Miss, Revenues Decline Y/Y
DISH Network’s first-quarter 2022 earnings of 68 cents per share missed the Zacks Consensus Estimate by 1.4% and decreased 31.3% year over year.
Revenues decreased 3.7% year over year to $4.33 billion and lagged the consensus mark by 1%.
Revenues from the United States fell 3.6% year over year to $4.32 billion. Revenues from Canada and Mexico decreased 29.6% to $8.4 million.
DISH Network Corporation Price, Consensus and EPS Surprise
DISH Network Corporation price-consensus-eps-surprise-chart | DISH Network Corporation Quote
Quarterly Details
Pay-TV revenues decreased 1.1% year over year to $3.16 billion. As of Mar 31, 2022, DISH had 10.245 million Pay-TV subscribers in the United States, including 7.993 million DISH TV subscribers and 2.252 million SLING TV subscribers.
Net pay-TV subscribers decreased by roughly 462K in the first quarter compared with a decrease of roughly 230K in the year-ago quarter.
Pay-TV ARPU increased 6.2% year over year to $99.44. Additionally, the DISH TV churn rate was 1.59% compared with the year-ago quarter’s 1.3%.
Wireless revenues were $1.16 billion, down 10% year over year. Wireless subscribers, at the end of the reported quarter, were 8.203 million.
Wireless ARPU was $37.72 while Wireless churn rate was 5.11% in the reported quarter.
In the first quarter, DISH TV subscriber-acquisition costs increased 37.7% year over year to $1,088.
Total cost and expenses increased 4% year over year to $3.78 billion.
EBITDA decreased 27.5% year over year to $753.1 million.
Operating income was $550.4 million, down 36.3% year over year. Pay-TV operating income decreased 2.7% year over year to $752 million. Wireless operating loss was $201.7 million against the year-ago quarter’s income of $91.8 million.
Balance Sheet
As of Mar 31, 2022, DISH Network had cash, cash equivalents and current marketable investment securities of $3.23 billion compared with $5.40 billion as of Dec 31, 2021.
Total debt, as of Mar 31, 2022, was $21.42 billion compared with $21.41 billion as of Dec 31, 2021.
Zacks Rank & Stocks to Consider
DISH currently has a Zacks Rank #4 (Sell).
DISH Network’s shares have tumbled 15.3% in the year-to-date period compared with the Zacks Consumer Discretionary sector’s fall of 31.4%.
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