Dish quarterly profit misses on pay-TV subscriber losses . . .
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They're still managing to maintain profitability, but wow...that churn is not sustainable. They're losing a million subscribers a year!
Let me see. At that rate, I should become the very last customer about the same time I die.
What year is that scheduled for?
- Nov 29, 2003
- 15,802
- 20,227
I’m sorry but i believe that is just a excuse that Dish is putting out why they lost subs, DirecTV/ATT (the biggest at 544,000), Comcast, Charter all had lost subs and none of them lost channels.
The only other one that lost channels and subscribers was DNOW ( 83,000), but they also lost subs the previous quarter before the channel purge because the service just sucks compared to the other OTT providers.
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1st quarter 10Q
All the dirty details will be found here (the Edgar SEC filing system)
dish_Current folio_10Q_Taxonomy2018
All the dirty details will be found here (the Edgar SEC filing system)
dish_Current folio_10Q_Taxonomy2018
I believe it's a combination of factors. Annual price increases of traditional pay TV services which have crossed the uncomfortable threshold for many people. That plus the plethora of perceived "cheap" streaming services and free OTA channels. Then you have millenial-age people and younger who mostly use only Netflix and Prime Video. It's a perfect storm. I still think satellite will have relevance in rural areas for awhile, at least until broadband penetration reaches remote areas.
10Q Extract:
Financial Highlights
2019 First Quarter Consolidated Results of Operations and Key Operating Metrics
Revenue of $3.187 billion
Net income attributable to DISH Network of $340 million and basic and diluted earnings per share of common stock of $0.73 and $0.65, respectively
Loss of approximately 259,000 net Pay-TV subscribers
Loss of approximately 266,000 net DISH TV subscribers
Addition of approximately 7,000 net Sling TV subscribers
Pay-TV ARPU of $85.03
Gross new DISH TV subscriber activations of approximately 243,000
DISH TV churn rate of 1.74%
DISH TV SAC of $828
Financial Highlights
2019 First Quarter Consolidated Results of Operations and Key Operating Metrics
Revenue of $3.187 billion
Net income attributable to DISH Network of $340 million and basic and diluted earnings per share of common stock of $0.73 and $0.65, respectively
Loss of approximately 259,000 net Pay-TV subscribers
Loss of approximately 266,000 net DISH TV subscribers
Addition of approximately 7,000 net Sling TV subscribers
Pay-TV ARPU of $85.03
Gross new DISH TV subscriber activations of approximately 243,000
DISH TV churn rate of 1.74%
DISH TV SAC of $828
Yep, or cord swapping. Going from satellite to paid streaming isn't really cord cutting, it's cord swapping. True cord cutting is going to OTA only.
Good point, I didn't know the DTV or other numbers.
I wonder how long the channel owners will take to realize they created this mess and it is their responsibility to stop the bubble from bursting.
They won't. See: newspapers. Traditional Pay-TV will continue a slow decline until they've sucked the last bit of profit out of it.
It is semantics really. Yeah, going from Dish to YTTV is just churn IMHO. Going from Dish to Netflix, Prime, and Hulu, is something else.
Satellite and transmission expenses. “Satellite and transmission expenses” totaled $140 million during the three months ended March 31, 2019
The answer to what it costs to delivery service to a customer - about $4.50-4.75 per month per customer when including their Mexican service.
So, if they dropped to 4.8 million customers - the cost would be about $9.00 per month per customer. A fair price to delivering service.
The answer to what it costs to delivery service to a customer - about $4.50-4.75 per month per customer when including their Mexican service.
So, if they dropped to 4.8 million customers - the cost would be about $9.00 per month per customer. A fair price to delivering service.
Before long Charlie won't have two nickels to rub together.
Yea, they only made 340 million dollars profit in the first quarter. Poor babies.
Yea, they only made 340 million dollars profit in the first quarter. Poor babies.
Even so, shedding a projected 1 million customers in a year's time can't be a good thing...
