Dish Reports Higher 3rd-Quarter Earnings

A Dish technician standing outside a company van.
(Image credit: Dish)

Dish Network reported higher earnings, reporting gains in pay-TV subscribers.

Net income rose to $505 million, or 86 cents a share, from $353 million, or 66 cents a share.

Revenue rose 42% to $4.53 million.

Related: Dish Gets Back to Its Rural Roots

At a time when everyone's talking about cord cutting, Dish said it closed the quarter with 11.42 million pay-TV subscribers, up 116,000. A year ago it added 148,000. 

Dish's Sling TV platform added 203,000 customers in the third quarter. It's the first time since the fourth quarter of 2019 that Dish reported gains for the virtual pay TV service.

The company said it had 8.96 million Dish TV subscribers and 2.46 million Sling TV subscribers as of the end of September.

Dish acquired the Boost Mobile business on July 1 and acquired more than 9 million retail wireless subscribers. In the quarter, net retail wireless subscribers declined by 212,000 to 9.42 million.  

Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.