Dish grows profit, subs falter
November 9, 2015
US pay-TV broadcaster Dish Network has reported revenue totalling $3.73 billion (€3.45bn) for the quarter ending September 30th 2015, compared to $3.68 billion for the corresponding period in 2014. Subscriber-related revenue increased to $3.7 billion from $3.65 billion in the year-ago period.
Net income attributable to Dish Network totalled $196 million for the quarter, compared to net income of $146 million from the year-ago quarter. Diluted earnings per share for the quarter were $0.42, compared with $0.31 during the same period in 2014.
For the three and nine months, Dish has included all of its Sling TV live, linear streaming over-the-top Internet-based television services in the company’s total pay-TV metrics, including in the pay-TV subscriber, pay-TV ARPU and pay-TV churn rate numbers set forth below. Sling TV subscribers are included net of disconnects.
In the third quarter, Dish activated approximately 751,000 gross new pay-TV subscribers, compared to approximately 691,000 gross new pay-TV subscribers in the prior year’s third quarter. Net pay-TV subscribers declined approximately 23,000 in the third quarter, compared to a loss of approximately 12,000 in the third quarter 2014.
The company closed the third quarter with 13.909 million pay-TV subscribers, compared to 14.041 million pay-TV subscribers at the end of third quarter 2014.
Pay-TV ARPU for the third quarter totalled $86.33, compared to the year-ago period’s Pay-TV ARPU of $84.39. Pay-TV subscriber churn rate was 1.86 per cent versus 1.67 per cent for third quarter 2014.
Dish added approximately 13,000 net broadband subscribers in the third quarter, bringing its broadband subscriber base to approximately 608,000.