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Satellite TV Provider Sees Profit Double on Price Hikes but User Numbers Drop

July 14, 2023
in Trade Tube
Reading Time: 1 min read
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Dish Networks reported earnings on Monday that beat analyst estimates. The second largest U.S. satellite TV provider posted earnings of $0.76, up from last year’s $0.38. Revenue increased around 3 percent to $3.72 billion and average monthly revenue per subscriber climbed to $86.01, following price hikes. Subscriber numbers were down as Dish lost around 134,000 TV customers this quarter, that’s compared to a gain of 40,000 this time last year. Dish is facing a scramble for market share from competitors like Amazon and Netflix. The company introduced online streaming service SlingTV back in February to try and capture a younger viewing audience.

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