DISH increases subs in Q3; expands wireless team
November 7, 2019
DISH Network has reported revenue totalling $3.17 billion (€2.68bn) for the quarter ending September 30th 2019, compared to $3.4 billion for the corresponding period in 2018.
Net income attributable to the US pay-TV broadcaster totalled $353 million for the third quarter 2019, compared to net income of $432 million from the year-ago quarter.
The company closed the third quarter with 12.18 million total pay-TV subscribers, including 9.49 million DISH TV subscribers and 2.69 million Sling TV subscribers.
Net pay-TV subscribers increased approximately 148,000 subscribers in the third quarter, compared to a decline of approximately 341,000 in the third quarter 2018.
DISH Network’s 2019 year-to-date revenue totalled $9.57 billion, compared to $10.31 billion in revenue from the same period last year. In the first nine months of 2019, net income attributable to DISH Network totalled $1.01 billion, compared with $1.24 billion during the same period last year.
Meanwhile, DISH has named wireless industry innovators Marc Rouanne and Stephen Bye to its executive wireless leadership team.
Rouanne will serve as Chief Network Officer and Bye will serve as Chief Commercial Officer. Both will join Dish as executive vice presidents and report to Dish co-founder and Chairman Charlie Ergen.
Rouanne has more than 20 years of international management experience in the telecommunications industry. He has held executive positions, including President of Mobile Networks and Chief Innovation and Operating Officer of Nokia and chairman of the board of Alcatel-Lucent. Bye, most recently CEO of Connectivity Wireless, is a 28-year veteran of telecommunications and wireless who served as President of C-Spire and CTO of Sprint. He will lead the Dish wireless enterprise development team.