Today Sling TV reported for the first time that it lost 94,000 TV subscribers in the 4th quarter of 2019. DISH lost 100,000 satellite TV subscribers in the 4th quarter of 2019. This means in total, DISH lost 194,000 TV subscribers in the 4th quarter of 2019.
In total, Sling TV now has 2.59 million TV subscribers meaning that Hulu is now confirmed to be the largest live TV streaming service with over 3 million live TV subscribers. This news comes as it was also reported that YouTube TV is now the 3rd largest live TV streaming services with over 2 million live TV subscribers.
Revenue for DISH was also down to $1.40 billion in the 4th quarter of 2019, down from $1.58 billion in 2018.
The good news for DISH is that it lost fewer subscribers in the 4th quarter of 2019 compared to the 334,000 it lost in the 4th quarter of 2018. The bad news is that Sling TV is now losing subscribers, something that has never happened before.
This is very bad news for companies who had hopped that services like Sling TV would help offset the losses from traditional pay-TV providers. Increasingly cord cutters are skipping live TV streaming services in favor of on-demand only options. Of the reported 35 to 40 million cord cutters in the United States, only about 8 million of them subscribe to a live TV streaming service.
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