showed progress in its pivot toward the wireless business, smashing Wall Street’s fourth-quarter earnings estimates and reporting just shy of 8 million retail wireless subscribers as of the end of 2022.
During the company’s quarterly earnings call, Executive Chairman Charlie Ergen widened his attack on programmers seeking to extract ever-higher fees from Dish to carry their networks. The company has long been at odds with regional sports networks and at times has feuded with HBO, Univision and local stations. Asked during the press portion of the call about the company’s dispute with Cox Media Group, nine of whose stations went Dark on Dish platforms last fall.TelevisaUnivision U.S.
Revenue for the quarter came in at $4.04 billion, compared with $4.45 billion in the same period of 2022. That was below Wall Street analysts’ consensus forecast, but earnings rocketed to $1.47 per share compared with 87 cents a year ago, tripling the Street’s outlook. Since acquiring wireless spectrum and investing in its network over the past couple of years, Dish has begun to show signs of making strides, though it remains behind category giants AT&T, Verizon and T-Mobile. The retail wireless subscriber roster shed 24,000 in the fourth quarter, compared to a net decrease of 245,000 a year ago quarter and leaving the company with 7.98 million at year-end.
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