DISH Network Reports Second Quarter 2022 Financial Results

ENGLEWOOD, Colo., August 3, 2022 /PRNewswire/ — DISH Network Corporation (NASDAQ: DISH) reported revenue totaling $4.21 billion for the quarter ending June 30, 2022compared to $4.49 billion for the corresponding period in 2021.

Net income attributable to DISH Network totaled $523 million for the second quarter of 2022, compared to $671 million for the quarter of the previous year.

Diluted earnings per share were $0.82 for the second quarter, compared to $1.06 per share over the same period in 2021.

Pay TV
The net number of pay-TV subscribers decreased by approximately 257,000 in the second quarter, compared to a net decrease of approximately 67,000 in the corresponding quarter of the previous year.

The company ended the quarter with 9.99 million pay-TV subscribers, including 7.79 million DISH TV subscribers and 2.20 million SLING TV subscribers.

Wireless
The number of retail wireless network subscribers decreased by approximately 210,000 in the second quarter, compared to a net decrease of 201,000 in the prior year quarter.

The company ended the quarter with 7.87 million retail wireless subscribers.

Additional details
Detailed financial data and other information is available in DISH Network’s Form 10-Q for the quarter ending June 30, 2022, filed today with the Securities and Exchange Commission. DISH Network will host its second quarter 2022 financial results conference call today at noon ET.

Participant conference numbers: (800) 289-0720 (US) and (323) 701-0160; Conference ID: 4146227.

A webcast will be available on DISH’s Investor Relations website at http://ir.dish.comand will remain available for 48 hours.

About DISH
DISH Network Corporation is a connectivity company. Since 1980, it has served as a disruptive force, driving innovation and value on behalf of consumers. Through its subsidiaries, the company provides television entertainment and award-winning technology to millions of customers with its DISH TV satellite and SLING TV streaming services. In 2020, the company became a nationwide US mobile carrier through the acquisition of Boost Mobile. DISH continues to innovate in wireless, building the nation’s first O-RAN 5G virtualized broadband network. DISH Network Corporation (NASDAQ: DISH) is a Fortune 200 company.

For more information about the company, visit about.dish.com












Quarterly Metrics

Q2 2022

Q1 2022

Q4 2021

Q3 2021

Q2 2021

Q1 2021

Q4 2020

Q3 2020

Q2 2020

Q1 2020












Other information:











Pay-TV subscribers, end of period (in millions)

9.988

10.245

10.707

10.980

10.993

11.060

11,290

11.423

11.272

11.323

DISH TV subscribers, end of period (in millions)

7.791

7.993

8.221

8.424

8.554

8.686

8.816

8.965

9.017

9.012

Sling TV subscribers, end of period (in millions)

2.197

2.252

2.486

2.556

2.439

2.374

2.474

2.458

2.255

2.311

Additions (losses) of pay-TV subscribers, net (in millions)

(0.257)

(0.462)

(0.273)

(0.013)

(0.067)

(0.230)

(0.133)

0.116

(0.096)

(0.413)

DISH TV subscriber additions (losses), net (in millions)

(0.202)

(0.228)

(0.203)

(0.130)

(0.132)

(0.130)

(0.149)

(0.087)

(0.040)

(0.132)

Sling TV subscriber additions (losses), net (in millions)

(0.055)

(0.234)

(0.070)

0.117

0.065

(0.100)

0.016

0.203

(0.056)

(0.281)

Pay-TV ARPU

$101.30

$99.44

$97.53

$96.31

$96.32

$93.63

$94.47

$91.79

$92.17

$88.76

DISH TV Subscriber Additions, Gross (Millions)

0.156

0.159

0.200

0.224

0.201

0.210

0.235

0.292

0.268

0.299

DISH TV Churn Rate

1.51%

1.59%

1.61%

1.39%

1.29%

1.30%

1.44%

1.41%

1.14%

1.54%

DISH TV BAG

$980

$1,088

$789

$824

$890

$790

$842

$864

$834

$861












Wireless subscribers, end of period (in millions)

7.867

8.203

8.546

8.774

8.895

8.894

9.055

9.418

Wireless subscriber additions, gross (millions)

0.793

0.796

0.826

0.888

0.944

1.032

0.989

1.104

Additions (losses) of wireless subscribers, net (in millions)

(0.210)

(0.343)

(0.245)

(0.121)

(0.201)

(0.161)

(0.363)

(0.212)

Wireless ARPUs

$37.90

$37.72

$38.76

$39.25

$39.10

$38.89

$38.32

$38.17

Wireless churn

4.39%

4.64%

4.95%

4.67%

4.33%

4.44%

4.88%

4.64%

SOURCE DISH Network Corporation

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