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Sling TV, Dish Network's linear and digital live television network, posted slower growth in the third quarter, as well as further declines in Dish's satellite television service.
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The number of subscribers to Sling TV – the live and live digital TV network service – grew by 26,000 in the third quarter. Analysts expected 71,000.
"Additions to the canvas have also been made
less than expected, partly because of this conflict, with some Hispanic networks having been withdrawn from service, "writes Kannan Venkateshwar, a media analyst at Barclays Capital.
These
the results contrast with those of a year ago, when Sling TV added 236,000 in the third quarter, with the following quarterly results down: 160,000 (fourth quarter of 2017); 91,000
(first quarter of 2018); and 41,000 (second quarter 2018).
Craig Moffett, Senior Research Analyst at MoffettNathanson Research, has envisioned a broad chart for this new live and linear digital television
network services. He has witnessed the price increases of many new digital pay television network services, including Sling, which could be causing the decline. "Whatever the cause, DirecTV Now has seen a strong
Slowdown, and Dish Network's SlingTV has debunked. "
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Dish's largest satellite TV service shows a 367,000 drop, as analysts expect lower
of 232,000. A year ago, Dish's satellite activity had lost 220,000. The total number of pay-TV subscribers for Dish – Sling TV and Dish Satellite – now stands at 12.7 million – after a total decline of 341,000
compared to the third quarter of 2017.
Overall, Dish Network's revenues declined 11 percent to $ 3.4 billion, but net income attributed to the company increased 45 percent to $ 432 million from $ 297 million.
third quarter of 2017, due to the adoption of a new revenue recognition standard.
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