ENGLEWOOD, Colo., May 8, 2023
/PRNewswire/ -- DISH Network Corporation (NASDAQ: DISH) reported
revenue totaling $3.96 billion for
the quarter ending March 31, 2023,
compared to $4.33 billion for the
corresponding period in 2022.
Net income attributable to DISH Network totaled $223 million for the first quarter 2023, compared
to $433 million for the year-ago
quarter.
Diluted earnings per share were $0.35 for the first quarter, compared to
$0.68 per share during the same
period in 2022.
Pay-TV
Net pay-TV subscribers decreased approximately
552,000 in the first quarter, compared to a decrease of
approximately 462,000 in the year-ago quarter.
The company closed the quarter with 9.20 million pay-TV
subscribers, including 7.10 million DISH TV subscribers and 2.10
million SLING TV subscribers.
Wireless
Retail wireless net subscribers decreased by
approximately 81,000 in the first quarter, compared to a net
decrease of 343,000 in the year-ago quarter.
The company closed the quarter with 7.91 million retail wireless
subscribers.
Additional Details
Detailed financial data and other
information are available in DISH Network's Form 10-Q for the
quarter ending March 31, 2023, filed
today with the Securities and Exchange Commission.
DISH Network will host its first quarter 2023 financial results
conference call today at 10 a.m.
ET.
Participant conference numbers: (800) 207-0148 (U.S.) and (773)
305-6837; Conference ID: 228222
Participants may also click here to sign in up to 15 minutes
before the call starts to receive a phone call that automatically
joins them to the earnings call when it begins.
A live webcast of the earnings call will be available on DISH's
Investor Relations website at http://ir.dish.com. A webcast
replay will also be available for 48 hours after the call.
About DISH
DISH Network Corporation is a connectivity
company. Since 1980, it has served as a disruptive force, driving
innovation and value on behalf of consumers. Through its
subsidiaries, the company provides television entertainment and
award-winning technology to millions of customers with its
satellite DISH TV and streaming SLING TV services. In 2020, the
company became a nationwide U.S. wireless carrier through the
acquisition of Boost Mobile. DISH continues to innovate in
wireless, building the nation's first virtualized, O-RAN 5G
broadband network. DISH Network Corporation (NASDAQ: DISH) is a
Fortune 200 company.
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Quarterly
Metrics
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Q1
2023
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Q4
2022
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Q3
2022
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Q2
2022
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Q1
2022
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Q4
2021
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Q3
2021
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Q2
2021
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Other
Data:
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Pay-TV subscribers, as
of period end (in millions)
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9.198
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9.750
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10.018
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9.988
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10.245
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10.707
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10.980
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10.993
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DISH TV subscribers, as
of period end (in millions)
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7.098
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7.416
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7.607
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7.791
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7.993
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8.221
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8.424
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8.554
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Sling TV subscribers,
as of period end (in millions)
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2.100
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2.334
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2.411
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2.197
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2.252
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2.486
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2.556
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2.439
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Pay-TV subscriber
additions (losses), net (in millions)
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(0.552)
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(0.268)
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0.030
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(0.257)
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(0.462)
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(0.273)
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(0.013)
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(0.067)
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DISH TV subscriber
additions (losses), net (in millions)
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(0.318)
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(0.191)
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(0.184)
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(0.202)
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(0.228)
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(0.203)
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(0.130)
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(0.132)
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Sling TV subscriber
additions (losses), net (in millions)
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(0.234)
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(0.077)
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0.214
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(0.055)
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(0.234)
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(0.070)
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0.117
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0.065
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Pay-TV ARPU
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$
102.71
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$
102.08
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$
102.07
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$
101.30
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$
99.44
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$
97.53
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$
96.31
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$
96.32
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DISH TV subscriber
additions, gross (in millions)
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0.113
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0.149
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0.170
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0.156
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0.159
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0.200
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0.224
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0.201
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DISH TV churn
rate
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1.98 %
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1.51 %
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1.53 %
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1.51 %
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1.59 %
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1.61 %
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1.39 %
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1.29 %
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DISH TV SAC
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$
1,055
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$
1,081
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$ 1,029
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$
980
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$
1,088
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$
789
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$
824
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$
890
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Wireless subscribers,
as of period end (in millions)*
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7.913
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7.983
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8.007
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7.867
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8.203
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8.546
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8.774
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8.895
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Wireless subscriber
additions, gross (in millions)
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0.785
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0.938
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0.891
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0.793
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0.796
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0.826
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0.888
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0.944
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Wireless subscriber
additions (losses), net (in millions)
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(0.081)
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(0.024)
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0.001
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(0.210)
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(0.343)
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(0.245)
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(0.121)
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(0.201)
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Wireless
ARPU
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$
36.43
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$
37.61
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$ 37.64
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$ 37.90
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$
37.72
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$
38.76
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$
39.25
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$
39.10
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Wireless churn
rate
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4.24 %
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4.57 %
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4.28 %
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4.39 %
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4.64 %
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4.95 %
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4.67 %
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4.33 %
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* During the third
quarter of 2022, T-Mobile transferred approximately 139,000
wireless subscribers to DISH representing all Boost-branded
customers of former Sprint affiliates Shentel and Swiftel, as well
as Boost-branded customers who were previously part of the
California Public Utilities Commission CARE program. The 139,000
subscribers are included in DISH's ending Wireless subscriber count
and excluded from DISH's gross new Wireless subscriber activations.
In addition, during the second quarter of 2022, DISH removed
approximately 126,000 subscribers from its ending Wireless
subscriber count representing wireless subscribers who did not
migrate off T-Mobile's CDMA Network prior to the shutdown. The
effect of the removal of the 126,000 subscribers was excluded from
the calculation of DISH's net Wireless subscriber additions/losses
and Wireless churn rate. During the second quarter of 2021, DISH
acquired over 200,000 subscribers as a result of the Republic
Wireless Acquisition, which are included in DISH's ending Wireless
subscriber count and excluded from DISH's gross new Wireless
subscriber activations for that period.
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SOURCE DISH Network Corporation