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Benzinga
Benzinga
Business
Anusuya Lahiri

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

DISH Network Corp
  • DISH Network Corp (NASDAQ: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.
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