- DISH Network Corp (NASDAQ: DISH) reported a first-quarter FY23 revenue decline of 8.6% year-on-year to $3.96 billion, missing the consensus estimate of $4.06 billion.
- The net decrease primarily resulted from the decline in revenue from its Pay-TV Wireless and Wireless segments.
- Net pay TV subscribers decreased by 552,000 in Q1 compared to a net 462,000 decline in Q1 FY22.
- Also Read: Dish Yet To Clarify On Ransomware Attack Two Weeks Ago, Likely To Impact Beyond 10M Customers With No Easy Path To Recovery
- DISH closed Q1 FY23 with 9.20 million Pay-TV subscribers, including 7.10 million DISH TV subscribers and 2.10 million SLING TV subscribers.
- Retail wireless net subscribers decreased by 81,000 in Q1 FY23 compared to a net decrease of 343,000 in Q1 FY22.
- DISH closed Q1 FY23 with 7.91 million retail wireless subscribers.
- Operating income declined to $323.4 million, down from $550.4 million a year ago.
- EPS of $0.35 missed the consensus estimate of $0.36.
- DISH Price Action: DISH shares traded lower by 4.49% at $6.80 premarket on the last check Monday.
What’s Going On With Alibaba Shares
Alibaba Group Holding Ltd - ADR (NYSE: BABA) shares are trading lower by 2.01% to $88.92 Friday afternoon. Shares of Chinese companies are trading lower amid a fall in Asia-Pacific stocks. Weakness may be driven by tensions over Taiwan, recent U.S. earnings and Japan inflation data.
