Dish 3rd Quarter 2024

[Bruce]

The company posted a net loss of $454.78 million, compared to net income of $327.83 million in the year-ago period.

For the 3rd Quarter alone, net loss was $141.812 Million.

EchoStar Reports $455M Q3 Loss as Revenue Falls; Sling TV Sees Subscriber Growth

EchoStar faces challenging Q3 with $11.86B revenue drop, but sees bright spots in Sling TV's 145K subscriber gain and secures $5.2B financing amid DIRECTV deal talks.

www.stocktitan.net

• Pay-TV: Net Pay-TV subscribers decreased by 43,000 in Q3 2024, an improvement from the 64,000 loss in the year-ago quarter. Sling TV, the company’s streaming service, saw subscriber growth of 145,000.
• Wireless: Retail Wireless subscribers (excluding ACP) increased by 62,000. However, the company experienced a net loss of 297,000 subscribers due to the conclusion of the Affordable Connectivity Program (ACP) funding.
• Broadband Satellite: EchoStar closed Q3 with 912,000 broadband satellite subscribers, a decrease of 43,000. The company attributed the lower loss to the launch of its new Jupiter 3 satellite and increased demand for its new service plans.

All bad news, TV Subscribers especially, they lose, roughly 188,000 Satellite Subscribers paying, on average, $100-120 a month, gained 145,000 Sling Subscribers paying, roughly, $40 a month, which might be less, since Sling was running a promo during the time period.

Sling TV Added 145,000 New Customers But DISH Continue to Lose Subscribers | Cord Cutters News

EchoStar Corporation the parent company of DISH today announced financial results for the third quarter and nine months ended September 30, 2024, revealing a decline in revenue and a net loss attributed to ongoing industry challenges and strategic shifts. For the nine months ended September 30...

cordcuttersnews.com

 

[Bruce]

Actual Numbers-

https://finance.yahoo.com/news/echostar-announces-financial-results-three-124200973.html

 

[Bruce]

Reading from Echostar’s Actual Report-

The company closed the third quarter with 6.98 million Retail Wireless subscribers.

That means they have officially lost 3 Million Boost Customers since taking over.

The company closed the third quarter with 912,000 Broadband Satellite subscribers

I believe StarLink is really hurting them here.

The company closed the third quarter with 8.03 million Pay-TV subscribers including 5.89 million DISH TV subscribers and 2.14 million SLING TV subscribers.

I believe the Sling numbers to be somewhat artificial, people signing up for the promo price, so they would be able to receive ESPN during DirecTV’s dispute.

The good news there, I am still hearing rumors that DirecTV lost 1 Million subscribers because of the dispute.

The bad news, Dish has now lost 8 Million Satellite Subscribers since their high of 14 Million in 2014.

https://ir.echostar.com/news-releases/news-release-details/echostar-announces-financial-results-three-and-nine-months-6

 

[dishdude]

Less than 6 million satellite TV subscribers? I don't think it's been that low since the 1900's.

 

[nelson61]

The full SEC 10Q filing

View Filing Data

 

[nelson61]

Satellite TV is stabilizing quite well. Good for DIRECTV's acquisition strategy.

 

[nelson61]

Nimiq 5 lease has been extended to October 2029

EchoStar 25 construction contract continues

"Satellite Under Construction

EchoStar XXV. On March 20, 2023, we entered into a contract with Maxar Space LLC for the construction of EchoStar XXV, a DBS satellite that is capable of providing service to the continental United States (“CONUS”) and is intended to be used at the 110 degree orbital location. During the fourth quarter of 2023, we entered into an agreement with Space Exploration Technologies Corp (“SpaceX”) for launch services for this satellite, which is expected to be launched during 2026."

 

[Bruce]

Satellite TV is stabilizing quite well. Good for DIRECTV's acquisition strategy.

View attachment 176182

Who make that chart, Dish?

It goes from year to year from 1996 till 2022.

Then quarterly starting June 2023, Sept 2023, December 2023, March 2024, June 2024, September 2024.

Which gives it a illusion that things have stabilized.

When you go year to year, more of a severe drop, hence why it looked that way until they switch to quarterly, not as severe looking.

 

[nelson61]

Which gives it a illusion that things have stabilized.

It is not an illusion. Excel made it and if you are an excel user, you understand that the Excel graphs system automatically normalizes the date scale for a data set . Historical data is from annual reports while the more recent includes the quarterly.

 

[Bruce]

It is not an illusion. Excel made it and if you are an excel user, you understand that the Excel graphs system automatically normalizes the date scale for a data set . Historical data is from annual reports while the more recent includes the quarterly.

I was a excel user, it was easy to manipulate by inputing data year by year, it would look up or down, but by changing it to quarterly in the same graph, you stretch that line out.

This is how it would look if kept yearly, used a sharpie-

 

[ekilgus]

This may not be the correct thread, but I just read something about the Dish/Direct merger:

"The original acquisition plan announced in September was contingent upon Dish debt holders agreeing to a $1.5 billion cut to the value of their investment. A group of those debt holders, however, rejected a proposed offer on the table. DirecTV says that if those debt holders don’t agree, it “will have no choice but to terminate the acquisition of Dish by midnight on November 22."

That's only nine days away.

 

[Myopic_Void]

"The original acquisition plan announced in September was contingent upon Dish debt holders agreeing to a $1.5 billion cut to the value of their investment. A group of those debt holders, however, rejected a proposed offer on the table. DirecTV says that if those debt holders don’t agree, it “will have no choice but to terminate the acquisition of Dish by midnight on November 22."

DirecTV Says Dish Purchase Is Off

 

[nelson61]

I was a excel user, it was easy to manipulate by inputing data year by year, it would look up or down, but by changing it to quarterly in the same graph, you stretch that line out.

This is how it would look if kept yearly, used a sharpie-

Have no idea what happened. Deleted graph and regenerated and scaling is now correct.

 

[Bruce]

Have no idea what happened. Deleted graph and regenerated and scaling is now correct.

Looks totally different.

 

[nelson61]

Update on 61.5 W satellites this wee (from FCC filings)

"EchoStar uses EchoStar 16 to provide service to consumers" (at 61.5W) "with EchoStar 15 and 18 currently serving as in-orbit spares."