DISH Network Clocks 2.4% Revenue Decline In Q4, Misses Street View

• DISH Network Corp (NASDAQ:DISH) reported a fourth-quarter FY21 revenue decline of 2.4% year-on-year to $4.45 billion, missing the consensus of $4.47 billion.
• Drivers: Net Pay-TV subscribers decreased 273,000 in Q4 FY21, compared to a net 133,000 decrease in Q4 FY20.
• DISH closed Q4 with 10.71 million Pay-TV subscribers, including 8.22 million DISH TV subscribers and 2.49 million SLING TV subscribers.
• Retail wireless net subscribers decreased 245,000 in Q4 FY21 compared to a net decrease of 363,000 in Q4 FY20.
• DISH closed Q4 with 8.55 million retail wireless subscribers.
• EPS of $0.87 matched the consensus.
• The company held $5.34 billion in cash and equivalents.
• Price Action: DISH shares traded lower by 3.16% at $26.70 in the premarket session on the last check Thursday.