Dish Network loses 12,000 TV subs
November 4, 2014
Charlie Ergen’s Dish Network has reported revenue totaling $3.68 billion for the quarter ending September 30th, compared to $3.51 billion for the corresponding period in 2013. Subscriber-related revenue increased 5.3 per cent to $3.65 billion from $3.46 billion in the year-ago period.
Net income attributable to Dish Network totaled $146 million for the quarter compared to net income of $315 million from the year-ago quarter. Diluted earnings per share for the quarter were $0.31, compared with $0.68 in 2013.
Pay-TV ARPU for the third quarter totaled $84.39, compared to the year-ago period’s pay-TV ARPU of $80.98. Pay-TV subscriber churn rate increased slightly to 1.67 per cent versus 1.66 per cent.
Total pay-TV customers decreased by approximately 12,000 in the quarter. DISH closed the third quarter with 14.041 million pay-TV subscribers, compared to 14.049 million pay-TV subscribers at the end of third quarter 2013. DISH activated approximately 691,000 gross new pay-TV subscribers, compared to approximately 734,000 gross new pay-TV subscribers in the prior year’s third quarter.
DISH added approximately 28,000 net broadband subscribers in the third quarter, bringing its broadband subscriber base to approximately 553,000. DISH added approximately 75,000 net broadband subscribers in the third quarter 2013.