EL SEGUNDO, Calif – Following AT&T TV NOW’s loss of over 195,000 subscribers, many analysts had also speculated about Sling TV suffering the same loss this quarter.
Today proved the opposite, however, as Sling TV gained upwards of 214,000 subscribers in 3Q2019, totaling at over 2.69 million at the end of the quarter.
With these numbers, Sling TV remains at the top of the live TV streaming market in the US.
DISH satellite, on the other hand, lost 66,000 customers as Sling TV was in the process of assisting it in getting into a positive subscriber growth trend.
After receiving assistance from its subsidiary Sling TV, DISH ended up with a net gain of 148,000 new subscribers besides its previous loss of 341,000 subscribers.
The total number of DISH subscribers now amounts to 9.49 million.
The gains enjoyed by DISH now attribute to its net income for 3Q2019 totaling at around $353 million, a significant downturn from its revenue of $432 million in 3Q of the previous year.
DISH will soon hold their earnings call to shed some more light onto the trajectory of DISH and Sling TV as a whole.
Last Thursday, DISH had also revealed a rights offering to produce close to $1 billion to add to company finances. This rights offering will give existing shareholders the right to purchase more shares, proportional to holdings already in their possession.
DISH hopes that this move will give the company the assets it needs to further its campaign of growth, in conjunction with Sling TV.
This move is partly in preparation for DISH’s entry into the US wireless market. Once that comes to pass, DISH will be the fourth network competitor in the US that is facilities-based.
DISH had expressed that they had committed to the FCC to deliver a 5G broadband network that is facilities-based and equipped to serve up to 70 percent of the nation’s population come mid-2023.