Dish Network, which is in the midst of a years-long shift from satellite pay-TV operator to wireless provider, met Wall Street expectations in the fourth quarter.The company said revenue came in at $4.45 billion in the period ending December 31, down slightly from $4.56 billion in the year-earlier period.
Earnings per share totaled 87 cents, down from $1.25 in the 2020 quarter.Both pay-TV and wireless subscriber levels dipped. The company closed 2021 with 10.71 million total TV subscribers, down 273,000, a much steeper decline than the loss of 133,000 in the year-ago period.
Of the 10.71 million overall, 8.22 million were on Dish TV and 2.49 million were on internet-delivered bundle Sling TV.On the wireless side, Dish shed 245,000 subscribers in the quarter, a smaller dropoff than the 363,000 recorded a year ago.
The company reported 8.55 million retail wireless subscribers as of the end of 2021.After acquiring significant wireless spectrum holdings in federally administrated auctions and additional assets disposed of by T-Mobile and Sprint when they merged, Dish has emerged as the No.
Read more on deadline.com
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