Today, Dish Network reported second quarter 2020 financial results, sharing that the company lost a total of 96,000 pay TV customers for the quarter. Of those, 40,000 were cable customers and 56,000 were Sling TV streaming subscribers.
Dish ended the quarter with 9.02 million Dish TV subscribers and 2.25 million Sling TV subscribers.
Like other cable providers, Dish cited the pandemic as the main driver of customers losses for the quarter, but noted that COVID-19 helped to minimize the churn rate for its satellite TV service, saying “Our DISH TV churn rate for the three months ended June 30, 2020 was 1.14% compared to 1.48% for the same period in 2019,” in its 10-Q Form. “In addition, COVID-19 had a positive impact on competitive pressures due to, among other things, a reduction in customers’ willingness to allow competitors’ technicians into their homes and delays and cancellations of sporting events that reduced the attractiveness of competitors’ promotional offers and services.”
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