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Earnings Results: Dish stock falls after company posts subscriber losses across pay TV and wireless

Dish Network Corp. fell short of profit expectations Thursday as the telecommunications company shed subscribers across its wireless and pay-TV businesses.

Shares were off 0.9% in premarket trading Thursday.

The company reported third-quarter net income of $557 million, or 88 cents a share, up from $505 million, or 86 cents a share, in the year-prior quarter. Analysts tracked by FactSet were expecting 91 cents in earnings per share.


revenue declined slightly to $4.45 billion from $4.53 billion, though the revenue total matched the FactSet consensus.

The company saw net pay-TV customers fall by about 13,000 in the third quarter, whereas it posted gains of 116,000 in the year-earlier quarter. Dish finished the quarter with 10.98 million pay-TV subscribers, including 8.42 million using Dish TV and 2.56 million using Sling TV.

In Dish’s wireless business, the company shed a net of roughly 121,000 subscribers during the quarter, whereas it lost about 212,000 in the year-prior quarter. Dish had 8.77 million retail wireless subscribers as of the end of the quarter.

Shares of Dish have risen 33% so far this year as the S&P 500

has increased 24%.

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