DISH Revenue Declines Over 9% In Q4 Amid Wireless, Pay TV Weakness

DISH Network Corp (NASDAQ: DISH) reported a fourth-quarter FY22 revenue decline of 9.2% year-on-year to $4.04 billion Thursday, missing the consensus estimate of $4.15 billion.

The net decrease primarily resulted from the decline in revenue from its Wireless and pay TV segments. 

Drivers: Net pay TV subscribers decreased by 268,000 in Q4 FY22 compared to a net 273,000 decrease in Q4 FY21.

DISH closed Q4 with 9.75 million Pay-TV subscribers, including 7.42 million DISH TV subscribers and 2.33 million SLING TV subscribers.

Retail wireless net subscribers decreased by 24,000 in Q4 FY22 compared to a net decrease of 245,000 in Q4 FY21.

DISH closed Q4 with 7.98 million retail wireless subscribers.

Operating income declined to $375.34 million, down from $714.02 million a year ago.

EPS of $1.47 beat the consensus estimate of 47 cents. 

DISH Price Action: DISH shares closed higher by 1.16% at $13.08 on Wednesday.

Photo via Pixabay.