Tue, May 13, 9:19 PM (30 days ago)
**DISH DBS Corporation (DISH) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $2,526.5 million, down 6.7% YoY due to lower subscriber base and equipment sales. - **Net Income:** $350.5 million, down 9.1% YoY. - **Operating Income:** $623.2 million, down 2.1% YoY. - **Cash Flow from Operations:** $446.3 million, down 8.6% YoY. - **Cash Position:** $854.5 million, up 36.1% YoY. **Key Metrics:** - **Pay-TV Subscribers:** 7.4 million, down 9.6% YoY. - **DISH TV:** 5.5 million, down 12.1% YoY. - **SLING TV:** 1.9 million, down 1.4% YoY. - **Pay-TV ARPU:** $110.64, up 3.0% YoY. - **DISH TV Churn Rate:** 1.36%, down 11.1% YoY. - **DISH TV SAC:** $1,149, up 9.0% YoY. **Trends and Uncertainties:** - **Subscriber Losses:** Continued decline in DISH TV subscribers due to competition and cord-cutting trends. - **ARPU Growth:** Increase driven by programming price hikes. - **Churn Rate:** Improvement due to focus on higher-quality subscribers. - **SAC Increase:** Due to higher receiver activations and commission costs. - **Cash Flow:** Impacted by subscriber losses and increased programming costs. - **Liquidity:** Concerns about funding 2026 debt maturities. **Future Operations Impact:** - **Debt Maturity:** Need to refinance or restructure $1.2 billion in debt maturing in 2026. - **Capital Expenditures:** Potential increase due to satellite leases and construction. - **Competition:** Intensifying competition from streaming services and traditional pay-TV providers. - **Programming Costs:** Continued pressure from rate increases and contract renewals. **Ticker:** DISH **Note:** Amounts are in thousands, 000s.