The net decrease primarily resulted from the decline in revenue from its Wireless and pay TV segments.
Drivers: Net pay TV subscribers decreased by 268,000 in Q4 FY22 compared to a net 273,000 decrease in Q4 FY21.
DISH closed Q4 with 9.75 million Pay-TV subscribers, including 7.42 million DISH TV subscribers and 2.33 million SLING TV subscribers.
Retail wireless net subscribers decreased by 24,000 in Q4 FY22 compared to a net decrease of 245,000 in Q4 FY21.
DISH closed Q4 with 7.98 million retail wireless subscribers.
Operating income declined to $375.34 million, down from $714.02 million a year ago.
EPS of $1.47 beat the consensus estimate of 47 cents.
DISH Price Action: DISH shares closed higher by 1.16% at $13.08 on Wednesday.
Photo via Pixabay.
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