DISH Network reports fourth quarter, year-end 2021 financial results
ENGLEWOOD, Colo., Feb. 24, 2022 /PRNewswire/ -- DISH Network Corporation (NASDAQ: DISH) reported revenue totaling $4.45 billion for the quarter ending December 31, 2021, compared to $4.56 billion for the corresponding period in 2020.
Net income attributable to DISH Network totaled $552 million for the fourth quarter 2021, compared to $733 million from the year-ago quarter. Diluted earnings per share were $0.87 for the fourth quarter, compared to $1.24 per share during the same period in 2020.
Pay-TV
Net pay-TV subscribers decreased approximately 273,000 in the fourth quarter, compared to a decrease of approximately 133,000 in the year-ago quarter.
The company closed the quarter with 10.71 million pay-TV subscribers, including 8.22 million DISH TV subscribers and 2.49 million SLING TV subscribers.
Wireless
Retail wireless net subscribers decreased by approximately 245,000 in the fourth quarter, compared to a net decrease of 363,000 in the year-ago quarter.
The company closed the quarter with 8.55 million retail wireless subscribers.
Full-Year 2021 Review
For the year, DISH reported 2021 total revenue of $17.88 billion, compared to $15.49 billion in 2020.
Net income attributable to DISH Network in 2021 was $2.41 billion, compared to $1.76 billion in 2020. Diluted earnings per share were $3.79 in 2021, compared to $3.02 in 2020.
For additional detail on quarterly metrics, please refer to the attached table.
Detailed financial data and other information are available in DISH Network's Form 10-K for the year ending December 31, 2021, filed today with the Securities and Exchange Commission. DISH Network will host its fourth quarter and year-end 2021 financial results conference call today at noon ET.
Participant conference numbers: (800) 289-0720 (U.S.) and (323) 701-0160; Conference ID: 9002646.
A live webcast will be available on DISH's Investor Relations website at http://ir.dish.com during the call. A webcast replay will also be available for 48 hours after the call.
About DISH
DISH Network Corporation is a connectivity company. Since 1980, it has served as a disruptive force, driving innovation and value on behalf of consumers. Through its subsidiaries, the company provides television entertainment and award-winning technology to millions of customers with its satellite DISH TV and streaming SLING TV services. In 2020, the company became a nationwide U.S. wireless carrier through the acquisition of Boost Mobile. DISH continues to innovate in wireless, building the nation's first virtualized, O-RAN 5G broadband network. DISH Network Corporation (NASDAQ: DISH) is a Fortune 200 company.
For company information, visit about.dish.com
Quarterly Metrics |
Q4 2021 |
Q3 2021 |
Q2 2021 |
Q1 2021 |
Q4 2020 |
Q3 2020 |
Q2 2020 |
Q1 2020 |
Other Data: |
||||||||
Pay-TV subscribers, as of period end (in millions) |
10.707 |
10.980 |
10.993 |
11.060 |
11.290 |
11.423 |
11.272 |
11.323 |
DISH TV subscribers, as of period end (in millions) |
8.221 |
8.424 |
8.554 |
8.686 |
8.816 |
8.965 |
9.017 |
9.012 |
Sling TV subscribers, as of period end (in millions) |
2.486 |
2.556 |
2.439 |
2.374 |
2.474 |
2.458 |
2.255 |
2.311 |
Pay-TV subscriber additions (losses), net (in millions) |
(0.273) |
(0.013) |
(0.067) |
(0.230) |
(0.133) |
0.116 |
(0.096) |
(0.413) |
DISH TV subscriber additions (losses), net (in millions) |
(0.203) |
(0.130) |
(0.132) |
(0.130) |
(0.149) |
(0.087) |
(0.040) |
(0.132) |
Sling TV subscriber additions (losses), net (in millions) |
(0.070) |
0.117 |
0.065 |
(0.100) |
0.016 |
0.203 |
(0.056) |
(0.281) |
Pay-TV ARPU |
$ 97.53 |
$ 96.31 |
$ 96.32 |
$ 93.63 |
$ 94.47 |
$ 91.79 |
$ 92.17 |
$ 88.76 |
DISH TV subscriber additions, gross (in millions) |
0.200 |
0.224 |
0.201 |
0.210 |
0.235 |
0.292 |
0.268 |
0.299 |
DISH TV churn rate |
1.61% |
1.39% |
1.29% |
1.30% |
1.44% |
1.41% |
1.14% |
1.54% |
DISH TV SAC |
$ 789 |
$ 824 |
$ 890 |
$ 790 |
$ 842 |
$ 864 |
$ 834 |
$ 861 |
Wireless subscribers, as of period end (in millions) |
8.546 |
8.774 |
8.895 |
8.894 |
9.055 |
9.418 |
||
Wireless subscriber additions, gross (in millions) |
1.049 |
1.098 |
0.964 |
1.032 |
0.989 |
1.104 |
||
Wireless subscriber additions (losses), net (in millions) |
(0.245) |
(0.121) |
(0.201) |
(0.161) |
(0.363) |
(0.212) |
||
Wireless ARPU |
$ 38.76 |
$ 39.25 |
$ 39.10 |
$ 38.89 |
$ 38.32 |
$ 38.17 |
||
Wireless churn rate |
4.98% |
4.61% |
4.32% |
4.44% |
4.88% |
4.64% |
SOURCE DISH Network Corporation
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