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Dish Network sees profit growth while they see subscribers purged

Dish Network, the paid satellite-TV service, posted an 88% profit growth while they lost hundreds of thousands of customers.

On Monday, Dish announced that they lost 133,000 customers for their TV service in the fourth quarter. Last year, the company lost almost 200,000 during the same time period.

Peter Supino, an analyst from Bernstein, says the improved results come from fewer people changing services and price increases. While the net loss of users is 133,000, the company lost 149,000 and gained 16,000 users. The gain came to the company’s owned Slint TV service.

The New York Post says “fourth-quarter profit reached $733 million, or $1.24 a share compared with $389 million, or 69 cents in the year-ago quarter. Revenue grew 41 percent to $4.56 billion compared with the $3.24 billion, a year earlier.” According to the report, prices rose to $94.47 from $87.

 

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Ruben Jay
Ruben Jay
Ruben Jay is an American broadcaster, media blogger, and podcast host. Currently, Ruben is the President of MultiMediaMouth.com and the executive producer and host of the popular podcasts You’re My Best Friend and ON AIR with Ruben Jay, exclusively on MultiMediaMouth.com. Follow Ruben on Instagram, Twitter, and Tiktok @TheRubenJay.

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