The company said it lost about 196,000 net pay-TV subscribers in
the second quarter ended June 30. The number includes
subscribers to both its satellite TV and Sling TV services.
The loss came in below analysts' average expectation of 256,000
subscribers, according to financial data and analytics firm
Net income attributable to Dish plunged 90 percent to $40
million or 9 cents per share in the quarter, hurt by litigation
expenses, net of taxes, of $280 million.
Excluding one-time items, Dish earned 69 cents per share,
missing analysts' average estimate of 75 cents, according to
Thomson Reuters I/B/E/S.
Dish, like other pay-TV providers, is facing stiff competition
from video streaming services such as Netflix, Hulu and HBO
Live, as more viewers prefer to go online for their
In 2015, Dish launched its own streaming service, Sling TV, to
attract younger viewers, who are increasingly shifting away from
traditional television services.
Dish has been buying up wireless airwaves, or spectrum, in
recent years as its satellite business comes under pressure. In
April, the company was the second-largest winner in a U.S.
government auction of broadcast airwaves for wireless use.
Its spectrum portfolio has led industry analysts to speculate
that it could tie up with U.S. wireless carriers such as Verizon
Communications Inc <VZ.N> or T-Mobile US Inc <TMUS.O>.
Following the spectrum auction, Dish Chief Executive Charlie
Ergen said in May the company was open to options that would
ultimately increase "shareholder value".
Amazon.com Inc <AMZN.O> CEO Jeff Bezos and Ergen have discussed
a partnership to enter the wireless business, the Wall Street
Journal reported last month.
The aspirations of the two companies may be intersecting around
connected devices, Citi analysts said in May, adding that Amazon
could become a customer or investor.
Dish said second-quarter revenue dipped nearly 6 percent to
$3.64 billion. Analysts on an average had expected $3.72
(Reporting by Laharee Chatterjee in Bengaluru and Anjali
Athavaley in New York; Editing by Sai Sachin Ravikumar)
[© 2017 Thomson Reuters. All rights
Copyright 2017 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.