DISH sheds 196k subs in Q2
August 3, 2017
DISH Network, the US satellite TV provider, has reported revenue totalling $3.64 billion (€3.07bn) for the quarter ending June 30th 2017, compared to $3.86 billion for the corresponding period in 2016. Subscriber-related revenue for the quarter totalled $3.61 billion, compared to $3.83 billion in subscriber-related revenue for the year-ago period.
Net income attributable to DISH Network totaled $40 million for the second quarter 2017, compared to net income of $424 million from the year-ago quarter. DISH’s net income for the second quarter was negatively impacted by litigation expenses, net of related taxes, of $280 million.
DISH includes all of its Sling TV subscribers in its 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 gross new pay-TV subscriber activations.
In the second quarter, DISH activated approximately 444,000 gross new pay-TV subscribers, compared to approximately 527,000 gross new pay-TV subscribers in the prior year’s second quarter. Net pay-TV subscribers declined approximately 196,000 in the second quarter, compared to a decline of approximately 281,000 in the second quarter 2016.
The company closed Q2 with 13.332 million pay-TV subscribers, compared to 13.593 million pay-TV subscribers at the end of Q2 2016.
Pay-TV ARPU for the second quarter totaled $87.25, compared to the year-ago period’s Pay-TV ARPU of $89.98. Pay-TV subscriber churn rate was 1.59 per cent versus 1.96 per cent for second quarter 2016.
DISH Network’s first-half 2017 revenue totaled $7.32 billion, compared to $7.69 billion in revenue from the same period last year. In the first six months of 2017, net income attributable to DISH Network totaled $416 million, compared with $824 million during the same period last year. DISH’s net income for the first six months of 2017 was negatively impacted by litigation expenses, net of related taxes, of $280 million.