Dish Network Revenues Hurt As Pay-TV Gets Ditched By Cord Cutters

Dish losing subscribers

Dish Network continues to experience accelerated losses from pay-TV subscribers.

The company reported lower-than-expected quarterly revenue, which triggered analysts to question what the company plans to do with its vast holding of wireless spectrum.

Some analysts have suggested that Dish Network could use its wireless spectrum to leverage a buyout of a wireless provider. The company could also build its own wireless company.

Dish shares were down 1.6% at $62.73 in afternoon trading on Monday after it reported a loss of about 23,000 TV subscribers on a net basis in the quarter ended September 30. The company lost 12,000 subscribers during the same period a year earlier.

Dish’s shares have fallen nearly 13% year-to-date.

The company recently launched a cheaper $20-per-month Sling TV service, however, it lacks local channels and a full lineup that will satisfy the viewing needs of many buyers.

Dish, the No. 2 U.S. satellite TV company by revenue. The company does not break out Sling TV numbers, but it is estimated that the satellite provider had a total of 155,000 Sling TV subscribers by the end of Q3 2015.

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Dish said its average revenue per pay-TV user rose to $86.33 in the third quarter and Net income attributable to Dish rose 34.2% to $196 million, or 42 cents per share.

Revenue rose marginally to $3.73 billion.