Sling TV Sees Q3 Gains, Hikes Price By $5 11/03/2022 - MediaPost Communications

• by Karlene Lukovitz  @KLmarketdaily, 4 minutes ago

Dish Network’s Sling TV virtual multiplatform video programming distributor (vMVPD) added astir 214,000 nett subscribers successful the 3rd quarter, much than offsetting a nett nonaccomplishment of astir 183,000 astatine outer supplier Dish TV.

The institution gained astir 30,000 nett pay-TV subscribers overall. That importantly exceeded analysts’ anticipation of a nonaccomplishment of 134,000, arsenic good arsenic Q2 2022’s 257,000 nett loss, and Q3 2021’s 13,000 nett loss.

Sling’s full roseate to 2.41 cardinal astatine the extremity of Q3 — up from 2.19 cardinal successful this year’s 2nd quarter, but still lower than its 2.6 cardinal full successful Q3 2021. The MVPD saw losses successful each of the past 3 quarters.

The vMVPD besides announced a terms hike of $5 per period , effectual instantly for new subscribers and connected Dec. 3 for existing subscribers. With the change, the monthly outgo for Sling Orange oregon Sling Blue is present $40, and a Sling Orange & Blue bundle costs $55.

"Sling doesn’t ain the networks customers ticker — it pays programmers for channels, and the terms of programming continues to rise," institution said successful a blog post, adding that Sling "is committed to keeping costs debased and continually works with programmers to supply reliable service. In fact, Sling hasn’t raised prices successful astir 2 years and maintains a generous cost advantage compared to its competitors."

For Dish TV, Q3 marked an acceleration of its ongoing losses, including a 130,000 nonaccomplishment successful Q3 2021.

Dish TV ended Q3 with 7.61 cardinal subscribers, compared to 7.79 cardinal astatine the extremity of this year's 2nd quarter.

Dish TV’s decline reflects increasing losses successful its once-dependable agrarian lawsuit base, arsenic good arsenic much municipality markets, arsenic over-the-top has go much broadly available.

Dish Network’s ain caller wireless concern saw nett subscribers summation by conscionable 1,000 successful Q3 (to full 8.01 million), but that compared to a nett nonaccomplishment of 121,000 successful the year-ago quarter.

Q3 gross totaled $4.1 billion, down from $4.45 cardinal successful Q3 2021. Net income totaled $412 million, down from $557 cardinal successful the year-ago quarter. Diluted earnings per stock were $0.65, down from $0.88 a twelvemonth ago.