Dish loses subs in Q3
November 9, 2016
US satellite broadcaster DISH Network has reported revenue totaling $3.75 billion (€3.4bn) for the quarter ending September 30th 2016, compared to $3.73 billion for the corresponding period in 2015. Subscriber-related revenue increased to $3.73 billion from $3.70 billion in the year-ago period.
DISH includes all of its Sling TV subscribers 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 reported net of disconnects in our gross new pay-TV subscriber activations.
In the third quarter, DISH activated approximately 736,000 gross new pay-TV subscribers compared to approximately 751,000 gross new pay-TV subscribers in the prior year’s third quarter. Net pay-TV subscribers declined approximately 116,000 in the third quarter, compared to a loss of approximately 23,000 in the third quarter 2015.
The company closed the third quarter with 13.643 million pay-TV subscribers, compared to 13.909 million Pay-TV subscribers at the end of third quarter 2015. Our ending pay-TV subscriber count increased by approximately 166,000 subscribers as of September 30, 2016 as a result of a change in our calculation for our commercial accounts. This had no impact on our gross new pay-TV subscriber activations, net pay-TV subscriber losses or pay-TV churn rate for all periods presented.
Pay-TV ARPU for the third quarter totaled $89.44, compared to third quarter 2015 pay-TV ARPU of $86.33. Pay-TV subscriber churn rate was 2.11 per cent versus 1.86 per cent for third quarter 2015.
DISH lost approximately 20,000 net broadband subscribers in the third quarter, bringing its broadband subscriber base to approximately 593,000.