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DISH Network adds 656,000 subs in Q2

DISH Network has reported revenue totaling $3.69 billion for the quarter ending June 30th 2014, compared to $3.49 billion for the corresponding period in 2013. Subscriber-related revenue increased 5.6 per cent to $3.65 billion from $3.45 billion in the year-ago period.

Net income attributable to the US pay-TV network totalled $213 million for the second quarter 2014, compared to a loss of $11 million from the year-ago quarter.

DISH activated approximately 656,000 gross new pay-TV subscribers in the second quarter 2014, compared to approximately 624,000 gross new pay-TV subscribers in the prior year’s second quarter. Net pay-TV subscribers declined approximately 44,000 in the second quarter. The company closed the second quarter with 14.053 million pay-TV subscribers, compared to 14.014 million pay-TV subscribers at the end of second quarter 2013.

Pay-TV ARPU for the second quarter totaled $84.15, an improvement over the second quarter 2013 pay-TV ARPU of $80.81. Pay-TV subscriber churn rate was 1.66 per cent versus 1.67 per cent for second quarter 2013.

DISH added approximately 36,000 net broadband subscribers in the second quarter, bringing its broadband subscriber base to approximately 525,000.

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