On paper, you might think that DISH Network (NASDAQ: DISH) was underperforming and is in dire straits. In its 2Q22 earnings report, the company showed declines in both its established Pay-TV services and in its fledgling wireless business. Its Wireless Segment consists of two parts - the Retail Wireless business unit that handles its prepaid phone business that is a combination of acquired Boost Mobile, Ting, and Republic Wireless brands; and, the 5G Network Deployment business unit that is handling the company’s new 5G network construction activity.
Pay-TV service revenues dropped 1 percent to $3.1 billion from $3.2 billion on a year-over-year basis. Pay-TV subscribers, including both DISH TV and Sling TV, declined 7 percent YoY to 10.2 million. Retail Wireless 2Q22 service revenues of $916 million were down 13 percent from $1.05 billion in 2Q21. Retail Wireless subscribers dropped 12 percent year-over-year from 8.9 million at the end of 1Q21 to 7.9 million, in part related to the T-Mobile 3G CDMA network shutdown, as Inside Towers reported. Continue Reading |
|
No comments:
Post a Comment