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Dish Network Lost Record 413,000 Paid Subscribers in Q1

Company says the coronavirus pandemic caused "severe disruption" in its commercial segments

| May 7, 2020 @ 4:37 AM
Charlie Ergen

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Dish Network had a record net loss of 413,000 paid subscribers in the first quarter of 2020. That's worse than the net loss of 259,000 subs in Q1 2019.

"The COVID-19 pandemic caused severe disruption in certain commercial segments served by Dish, including the hospitality and airline industries," the company said Thursday morning in its earnings release.

Dish closed the first quarter with 11.32 million pay-TV subscribers. Breaking down that total further, 9.01 million were Dish TV subs and 2.31 million were Sling TV subs.

Also Read: ViacomCBS Tops Wall Street's Expectations in First Full Quarter as Recombined Company

For Q1 2019, Dish reported it had 12.063 million total pay-TV subscribers. That year-ago number broke down to 9.639 million Dish TV subs and 2.424 million Sling TV subs. At the end of 2019's fiscal year (so, previously the most-recently reported quarter) Dish had 11.99 million pay-TV subs. Of those, 9.40 million came from Dish TV and the remaining 2.59 million came from Sling.

This time around, Dish's net income for the first quarter of 2020 was $73 million -- a far cry from the $340 million profit it turned a year ago. Earnings per share (EPS) diluted to 13 cents. Wall Street forecast 57 cents of EPS, so that was a big miss.

In terms of revenue, however, Dish Network topped estimates, posting $3.22 billion vs. the $3.15 billion analysts expected. A year ago, Dish's revenue was $3.19 billion.

Spring TV 2020: Premiere Dates for New and Returning Shows (Photos)

  • spring premiere dates 2020 Showtime/Netflix/ABC/Apple
  • Celebrity Watch Party Fox
  • The Eddy Netflix
  • Solor Opposites Hulu
  • Dead to Me Season 2 Netflix
  • I Know This Much Is True HBO
  • Misery Index TBS
  • The Great Hulu Hulu
  • She-Ra and the Princess of Power Netflix
  • Bering Sea Gold Discovery
  • Hightown Starz
  • Snowpiercer TNT
  • The Big Flower Fight Trailer Netflix
  • DC Universe
  • The 100 The CW
  • Married at First Sight Lifetime
  • Ultimate Tag Fox
  • Jay Leno's Garage CNBC
  • BURDEN OF TRUTH The CW
  • Labor of Love cast Fox
  • Holey Moley ABC
  • To Tell the Truth Anthony Anderson Beats ABC
  • Selling Sunset Netflix
  • Janelle Monae Amazon Prime Video
  • Naked and Afraid Discovery
  • Titan Games Dwayne Johnson NBC
  • NBC
  • World of Dance - Season 4 NBC
  • Craftopia HBO Max HBO Max
  • Legendary HBO Max HBO Max
  • Looney Tunes Cartoons HBO Max HBO Max
  • Not Too Late Show With Elmo HBO Max
  • Love Life Anna Kendrick HBO Max
  • GAME ON! CBS
  • ABC
  • Apple TV+
  • Netflix
  • Ramy Hulu
  • Celebrity Family Feud ABC
  • Press Your Luck ABC
  • Match Game ABC ABC
  • AMC
  • 90 Day Fiance the Other Way TLC
  • NOS4A2 AMC/BBC America
  • Fuller House Netflix
  • “’The Bachelor_ The Most Unforgettable – Ever!’ ABC
  • Dirty John USA Network
  • RuPauls Drag Race All Stars Showtime
  • I May Destroy You HBO
  • Spectrum
  • ADAM SCOTT Dont ABC
  • Pokemon Journeys The Series Netflix
  • Love Victor Hulu
  • Taste the Nation with Padma Lakshmi Hulu
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Here's when 53 broadcast, cable and streaming series debut and come back

Spring has been sprung for quite a while now and with the changing of the seasons came the changing of many channels as a slew of new shows began to premiere. In honor of the months that bring showers and flowers, TheWrap has rounded up the start dates for not just the new and returning shows on Fox, ABC, NBC, CBS and The CW, but also the ones for the eagerly-anticipated series hitting cable channels and streaming services this spring. Click through our gallery to find out when your favorite spring shows will be back and when your (possible) new favorites will debut.

Also Read: Fall TV 2020: Every Broadcast Show Canceled, Renewed and Ordered – So Far (Updating)

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