The coronavirus outbreak eased the pace of cord-cutting at Dish Network in the second quarter of 2020, but the company continued to bleed subscribers on both its satellite TV and Sling TV internet …
internet services. Dish exceeded Wall Street financial forecasts, but warned that the COVID-19 crisis could cause further erosion in its pay-TV subscriber base.
Overall, Dish’s pay-TV base shrank 6.3% year-over-year. The company ended the quarter with 11.27 pay-TV subscribers, comprising 9.02 million Dish TV subscribers and 2.25 million Sling TV subscribers. The company cautioned, however, that COVID-19 going forward could hurt the pay-TV business because of “higher unemployment and lower discretionary spending and reduced ability to perform our in-home service operations due to the impact of social distancing.”
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