Q3 results show decline in subscribers and financial performance

  • Dish Network’s stock drops 4.9% after surprise Q3 loss
  • Net loss of $139 million, compared to net income of $412 million last year
  • Revenue falls 9.5% to $3.70 billion, missing expectations
  • Net pay-TV subscribers decrease by 64,000
  • Retail wireless subscribers down 225,000

Shares of Dish Network Corp. dropped 4.9% in premarket trading after the company reported a surprise net loss of $139 million in the third quarter, compared to net income of $412 million in the same period last year. Revenue also fell 9.5% to $3.70 billion, missing expectations. The company saw a decrease of 64,000 net pay-TV subscribers and a decline of 225,000 retail wireless subscribers. These disappointing results have led to a 27.7% drop in the stock price over the past three months.

Public Companies: Dish Network Corp. (DISH)
Private Companies:
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Factuality Level: 8
Justification: The article provides specific financial figures and compares them to previous periods. It also mentions the consensus estimates from FactSet. However, it does not provide any analysis or context for the decline in subscribers or the decrease in revenue.

Noise Level: 7
Justification: The article provides relevant information about Dish Network’s financial performance in the third quarter, including a surprise loss and decline in subscribers. It also includes data on revenue, net pay-TV subscribers, and average revenue per user. However, it lacks analysis or insights into the long-term trends or consequences of these results. The article stays on topic and supports its claims with data, but it does not provide actionable insights or solutions.

Financial Relevance: Yes
Financial Markets Impacted: Shares of Dish Network Corp.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to the financial performance of Dish Network Corp., which experienced a surprise loss in the third quarter. This information is relevant to financial markets and investors.

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