Sunday December 3, 2023

Dish Boosts Revenue By More Than $1B

Dish/Design: Alex Brooks
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Dish Network reported second-quarter earnings Monday, recording $4.49 billion in revenue, up from the $3.19 billion reported the same time last year.

Net income increased from $452 million to $671 million in the three months ending June 30.

Despite an increase in revenue, the company lost 67,000 pay TV subscribers, though that’s fewer than the 230,000 lost in Q1. It also gained 65,000 Sling TV subscribers. 

Dish has had a roller coaster of a year.

  • July: The network announced a $5 billion partnership with AT&T to replace T-Mobile as Dish Network’s primary connectivity provider.
  • April: Dish sued Peloton, Lululemon, and ICON Health & Fitness, accusing the companies of using Dish’s patented technology which “allows Internet users to stream content across the world in real time.”
  • September 2020: Dish and NFL Media announced a carriage agreement to add the NFL Network and NFL RedZone to its offerings. NFL Network is part of the $30-per-month Sling Blue Plan, and NFL RedZone is available as part of the “Sports Extra” add-on for $10.

Sinclair Broadcast Group announced Monday that it does not believe a carriage agreement with Dish will be reached before the expiration of its current deal on Aug. 16.

Without a deal, 112 Sinclair TV stations are expected to be dropped from Dish, including ABC, CBS, FOX, and NBC affiliates.

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