Technology

Sling TV continues to drop subscribers, loses 55K subscribers in second quarter – TechCrunch

Dish reported today that its streaming service Sling TV declined with a net loss of 55,000 subscribers in the second quarter of 2022. This is quite different from the first quarter of 2022, when it lost 234,000 subscribers. However, this is the third consecutive quarter that there has been a decline.

The number was also less of a loss than in the second quarter of 2021, when Sling TV lost 65,000 subscribers. Now Sling has a total of 2.197 million subscribers, down 242,000 from 2.439 million in the second quarter of last year. For comparison, in the first quarter of 2022, Sling TV had a total of 2.252 million.

The company wrote in a regulatory filing, “The decline in net Sling TV subscribers was primarily due to higher subscriber severance by seasonal sports activity. We continue to see increased competition, including competition from other subscription video-on-demand and live linear OTT service providers.”

While Sling TV is credited with being one of the first live TV streaming services, launching in 2015, it has yet to beat Google in the streaming wars. YouTube TV remains a live TV streaming service to watch after it was announced that it surpassed 5 million subscribers, including those in the trial period. Disney reported in its first-quarter 2022 report that Hulu Live TV had 4.3 million subscribers — but it only includes paying subscribers in its numbers.

Sling TV still beats FuboTV, which has 1.05 million subscribers. Philo has around 800,000 subscribers.

The company has focused on retaining customers with new content like the free Elvis Presley Channel, which launched in June. Also in July, Sling TV offered its customers free previews of premium streaming services through its Freeview Weekends, including AMC+, EPIX, Sundance Now, Hallmark Movies Now and more.

https://techcrunch.com/2022/08/03/sling-tv-continues-to-drop-subscribers-loses-55k-subscribers-in-second-quarter/ Sling TV continues to drop subscribers, loses 55K subscribers in second quarter – TechCrunch

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