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Dish Network reported that it lost about 230,000 net pay TV subscribers in the first quarter, compared with a decline of 413,000 in the year-ago period and a drop of 133,000 in the fourth quarter of 2020.
The latest quarter’s figures include subscribers to the traditional Dish pay TV service, as well as the Sling TV streaming service. The company detailed that it lost about 100,000 Sling TV subscribers in the latest period, compared with a gain of 16,000 in the fourth quarter. Dish also recorded a net decline of 130,000 satellite TV subscribers, compared with a drop of 149,000 in the final quarter of 2020.
The company, led by CEO Erik Carlson and chairman Charlie Ergen, ended March with 11.06 million total subscribers, including 8.69 million Dish TV subscribers and 2.37 million Sling TV subscribers.
Dish’s earnings of $630 million for the first quarter were up sharply from the $73 million recorded in the year-ago period. Revenue rose from $3.22 billion to $4.50 billion.
Ergen had said during an earnings conference call in late February that Sling TV should have done better taking market share from such competitors as YouTube TV, Hulu+ Live TV and fuboTV. “We should have more market share there. We stumbled a little bit with the quality of the user interface and user experience,” he told Wall Street analysts back then. “Our network was best at the beginning, but we got a little complacent … We have room to improve.”
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