DISH Network reduces sub losses
February 23, 2012
DISH Network has reported total revenue of $3.63 billion for the quarter ended December 31st, 2011, a 13 per cent increase compared with $3.21 billion for the corresponding period in 2010.
“DISH delivered a quarter and a year of strong growth in net income and total revenue compared to the same period last year,” said Joe Clayton, president and CEO of DISH Network. “By introducing new Blockbuster-branded services, we’ve begun to turn the tide in subscriber losses while continuing to face increased competitive pressures. We look forward to the introduction of our new Hopper_ product this quarter, the most technically advanced whole-home HD DVR in the world.”
Net income attributable to DISH Network totaled $313 million for the quarter, compared with $252 million during the corresponding period in 2010.
DISH Network gained approximately 22,000 net subscribers during the quarter, giving the company approximately 13.967 million subscribers at year-end. DISH Network’s net subscribers decreased by approximately 166,000 for the full year.