DISH Network Reports First Quarter 2020 Financial Results
Net income attributable to
Diluted earnings per share were
During the quarter, the COVID-19 pandemic caused severe disruption in certain commercial segments served by DISH, including the hospitality and airline industries.
In an effort to avoid charging commercial customers for services that were no longer being viewed by their customers, DISH paused service or provided temporary rate relief for certain of those commercial accounts. Those commercial accounts, including accounts DISH expects to disconnect because of COVID-19 disruption, represent approximately 250,000 subscribers, which DISH removed from its ending Pay-TV subscriber count as of
DISH does not expect to incur significant expenses from the reactivation of any returning commercial accounts. While returning accounts will be added to future ending subscriber counts, they will not be counted as gross new subscriber additions in the period of their return.
The company closed the first quarter with 11.32 million Pay-TV subscribers, including 9.01 million DISH TV subscribers and 2.31 million Sling TV subscribers.
Other metrics including gross new Pay-TV subscriber activations, net Pay-TV subscriber additions/losses and Pay-TV churn rate for the period ending
Net Pay-TV subscribers decreased by approximately 413,000 in the first quarter, compared to a net decrease of 259,000 in the year-ago quarter.
Detailed financial data and other information are available in
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Robert Toevs, email@example.com, 303-723-2010