US satellite TV provider DISH Network has reported a rise in its earnings for the fourth quarter. Net income attributable to the company came in at $409.9 million up from $288 million in the same period a year ago. DISH Network revenue climbed 4 per cent to $3.68 billion.
For the full year, the company activated around 2.601 million gross new pay-TV subscribers, against 2.666 million in 2013. Pay-TV average monthly subscriber churn rose to 1.59 per cent from 1.58 per cent in 2013.
Average revenue per user for the company’s pay-TV service totaled $83.77 a month in 2014, up from $80.37 in 2013, due largely to subscription fee increases. The annual rise in revenues was attributed primarily these higher fees and added broadband revenues.
In the fourth quarter, DISH lost around 63,000 pay-TV subscribers, against an addition of 8,000 subscribers a year earlier.
DISH Network added approximately 141,000 net new broadband subscribers in 2014, bringing the company’s total to around 577,000, compared with 436,000 at the end of 2013. In 2013 DISH added 253,000 net broadband subscribers. The company blamed the drop on “lower gross new Broadband subscriber activations and a higher number of customer disconnects.”