Dish Networks Goes Offline
Dish Networks is back in the news, but not for great reasons. The stock plunged 37% to 25-year lows today, let’s see why. 👇
The satellite TV and wireless services company surprised investors with a third-quarter loss, as pay-TV and wireless subscribers declined. Its net pay-TV subscribers fell by 64,000, while retail wireless subscribers fell by 225,000. Average revenue per pay-TV users rose 3.1% YoY to $105.25, and Dish TV churn rose from 1.53% last year to 1.58% this quarter. 📊