company's pay-TV business added 148,000 subscribers in the
second quarter, compared with analysts' estimates for a loss of
166,000, according to research firm FactSet.
Dish has attempted to boost its online streaming service, Sling
TV, by allowing viewers to watch both live and on-demand TV
channels including Disney's ESPN and Warner Media's HBO. The
effort paid off as the unit added 220,000 subscribers, compared
with the previous quarter.
The company is also expected to get a stronger presence in the
wireless market if the merger between T-Mobile <TMUS.O> and
Sprint Corp <S.N> goes through, as the deal requires Sprint to
sell its prepaid business to Dish.
Net income attributable to the company fell to $353 million, or
66 cents per share, in the third quarter ended Sept. 30 from
$432 million, or 82 cents per share, a year earlier.
Analysts on average had expected a profit of 61 cents per share,
according to IBES data from Refinitiv.
Revenue fell 6.8% to $3.17 billion, but beat analysts' average
estimate of $3.16 billion, according to IBES data from Refinitiv.
(Reporting by Neha Malara in Bengaluru; Editing by Anil D'Silva)
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