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DISH Network loses 281,000 pay-TV subs in Q2

US satellite broadcaster DISH Network has reported revenue totaling $3.84 billion (3.48bn) for the quarter ending June 30th 2016, compared to $3.83 billion for the corresponding period in 2015. Subscriber-related revenue increased to $3.83 billion from $3.80 billion in the year-ago period.

Net income attributable to DISH Network totaled $410 million for the second quarter 2016, compared with $324 million from the year-ago quarter.

In the second quarter, DISH activated approximately 527,000 gross new pay-TV subscribers compared to approximately 638,000 in the prior year’s second quarter. Net pay-TV subscribers declined approximately 281,000 in the second quarter, compared to a loss of approximately 81,000 in the second quarter 2015.

The company closed the second quarter with 13.593 million pay-TV subscribers, compared to 13.932 million at the end of second quarter 2015.

DISH lost approximately 15,000 net broadband subscribers in the second quarter, bringing its broadband subscriber base to approximately 613,000.

Year-to-Date Review

DISH Network’s first-half 2016 revenue totaled $7.62 billion, compared to $7.56 billion in revenue from the same period last year. In the first six months of 2016, net income attributable to DISH Network totaled $800 million, compared with $676 million during the same period last year.

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