Dish bleeds more pay-TV subscribers, Sling TV disappoints
TECHNOLOGY NEWS MAY 3, 2019
Source(Reuters) - Dish Network Corp fell short of estimates for quarterly profit on Friday, as the U.S. satellite TV service provider lost more pay-TV subscribers than expected and posted anemic growth in its streaming service Sling TV.
The company’s pay-TV business has been struggling as subscribers switch to online streaming services such as Netflix and Amazon.com’s Prime Video.
Dish has also tried to attract viewers with Sling TV, operating in an sector that is set to get more competitive with the entry of Walt Disney Co’s streaming service later this year.
But Sling subscriber additions of 7,000 for the first quarter was well below the 91,000 subscribers it added last year.
Overall, Dish’s pay-TV business, which includes both satellite TV and Sling TV, lost 259,000 subscribers on a net basis during the first quarter, compared with the 94,000 it lost a year earlier.