Dish Network Corporation Stock Price, News & Analysis

DISH Network has launched the Hopper Plus entertainment system, integrating live TV, On Demand, and streaming apps into one interface. This new system includes three devices: Hopper Plus, Joey 4, and Wireless Joey 4, featuring 2000 hours of DVR recordings and 60,000+ On Demand titles. Powered by Android TV, the Hopper Plus allows access to over 10,000 apps. The devices support 4K HDR video and offer enhanced search capabilities. DISH aims to enhance user experience by providing a seamless viewing platform.

Segra has successfully completed the first phase of its broadband build for DISH, launching service at over 500 towers in under a year. This achievement has enabled DISH to meet its 20 percent U.S. population coverage deadline set by the FCC. DISH's Smart 5G™ network is now accessible to consumers in more than 120 cities. Segra's CEO stated their commitment to providing reliable fiber infrastructure to support DISH's growing 5G network, marking a significant milestone in their partnership.

DISH Network Corporation (NASDAQ: DISH) reported Q2 2022 revenue of $4.21 billion, down from $4.49 billion in Q2 2021. Net income decreased to $523 million from $671 million year-over-year, with diluted EPS at $0.82 compared to $1.06 previously. The company lost approximately 257,000 pay-TV subscribers in the quarter, a significant increase from a loss of 67,000 in the same quarter last year. Retail wireless subscribers also decreased by 210,000, ending the period with 7.87 million subscribers.

DISH Network Corp. (NASDAQ: DISH) will host a conference call on August 3, 2022 at noon ET to discuss its second quarter results. Interested participants can join via dial-in using the numbers (800) 289-0720 in the U.S. and (323) 701-0160 internationally, with conference ID 4146227. The financial results will be released beforehand and shared on DISH's Investor Relations website. A replay of the webcast will also be available for 48 hours following the call.

DISH Network announced the launch of ViX+, a premium Spanish-language streaming service, on DISH TV and SLING TV, available for $6.99 per month. ViX+ offers over 10,000 hours of programming and 4,000 hours of live sports, including UEFA matches, making it a unique offering in the U.S. market. Subscribers will also gain access to more than 70 original series and movies. The service can be subscribed to via DISH's Hopper and Wally devices, as well as through the SLING app on supported devices.

SLING TV has launched 'Freeview Weekends,' allowing paid subscribers free access to select standalone streaming services through August 2022. This initiative kicks off with SHOWTIME content coinciding with the season premiere of 'The Chi' and Bellator MMA 282 on June 24. Subscribers can explore premium services like EPIX, Hallmark Movies Now, and AMC+ without financial commitment. Additionally, SLING offers channels like CNN and ESPN starting at $35/month, with current promotions for new users.

DISH Network and T-Mobile have amended their Master Network Services Agreement, enhancing DISH's access to T-Mobile's nationwide 5G network for its retail wireless brands, including Boost Mobile. This amendment, pending U.S. Department of Justice approval, introduces financial and operational improvements, including better pricing and roaming solutions. DISH's 5G network currently covers over 20% of the U.S. population, contributing to DISH's competitive position in the market. The agreement also ensures a multi-billion dollar revenue commitment for T-Mobile.

DISH has achieved a significant milestone by offering 5G broadband service to over 20% of the U.S. population as of June 14, 2022. This advancement highlights the company's commitment to its cloud-native Open RAN network, described as the most advanced globally. The expansion includes more than 120 cities, following the launch of Project Genesis in Las Vegas. DISH's Smart 5G™ network enables seamless connectivity via multiple networks and will file its FCC buildout report by July 14, 2022. Key partnerships with major vendors like AWS and Cisco underscore DISH's innovative approach to wireless services.

DISH Network Corporation (NASDAQ: DISH) reported Q1 2022 revenue of $4.33 billion, down from $4.50 billion in Q1 2021. Net income fell to $433 million or $0.68 per diluted share, compared to $630 million and $0.99 in the prior year. Pay-TV subscribers decreased by approximately 462,000, totaling 10.24 million subscribers, while retail wireless subscribers also fell by 343,000, bringing the total to 8.20 million.