DISH Network Clocks 2.4% Revenue Decline In Q4, Misses Street View

  • DISH Network Corp DISH reported a fourth-quarter FY21 revenue decline of 2.4% year-on-year to $4.45 billion, missing the consensus of $4.47 billion.
  • Drivers: Net Pay-TV subscribers decreased 273,000 in Q4 FY21, compared to a net 133,000 decrease in Q4 FY20.
  • DISH closed Q4 with 10.71 million Pay-TV subscribers, including 8.22 million DISH TV subscribers and 2.49 million SLING TV subscribers.
  • Retail wireless net subscribers decreased 245,000 in Q4 FY21 compared to a net decrease of 363,000 in Q4 FY20.
  • DISH closed Q4 with 8.55 million retail wireless subscribers.
  • EPS of $0.87 matched the consensus.
  • The company held $5.34 billion in cash and equivalents.
  • Price Action: DISH shares traded lower by 3.16% at $26.70 in the premarket session on the last check Thursday.
Market News and Data brought to you by Benzinga APIs
Posted In: EarningsNewsMoversTechTrading IdeasBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!