(Reuters) – U.S. satellite TV provider Dish Network Corp on Wednesday posted fourth-quarter profit and revenue that beat expectations as it lost fewer pay-TV subscribers.
Dish has struggled to retain pay-TV subscribers as it repositions itself as a wireless phone carrier, because customers are shifting to online streaming services including those from Netflix Inc, Walt Disney Co and Apple Inc.
Dish’s pay-TV business, which includes satellite TV and streaming service Sling TV, lost a net 194,000 subscribers in the fourth quarter, fewer than the 334,000 lost a year earlier.
Sling TV had 94,000 fewer subscribers in the quarter, its first subscriber loss ever.
Net income rose to $389 million, or 69 cents per share, beating Wall Street estimates of 59 cents, according to IBES data from Refinitiv.
Total revenue fell 2.1% to $3.24 billion from $3.31 billion in the year-ago quarter, beating analysts’ average estimate of $3.15 billion.
Dish stands to benefit from the merger between…
Source Reuters Tech News
Source link
