EchoStar loses 366,000 TV subscribers as video revenue falls
EchoStar Corporation, owner of DISH Network and Sling TV, reported a loss of over 366,000 live TV subscribers across both platforms in the last three months, contributing to a 2.54 billion USD drop in TV revenue. This decline comes despite what the article describes as EchoStar's strategy to expand its wireless business and reduce dependence on video subscribers.
Key Takeaways
- DISH Network and Sling TV lost more than 366,000 live TV subscribers in three months.
- EchoStar’s TV revenue fell by $2.54 billion.
- EchoStar owns both the DISH Network satellite TV service and the Sling TV streaming platform.
- The article says EchoStar is expanding its wireless business and reducing dependence on video subscribers.
Why It Matters
EchoStar’s latest numbers show how quickly legacy TV and virtual pay-TV subs can erode revenue when churn stays high. The company is still leaning toward wireless and away from video, but the article does not say that shift has offset the subscriber losses yet. For streaming and pay-TV watchers, the key signal is whether EchoStar can stabilize DISH and Sling TV while it continues to reweight the business. Next to watch: the next earnings release for live TV subscriber counts and TV revenue.
Read full article at cordcuttersnews.com
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