DISH Network pay-TV subscribers down 31,000 in 2Q 2019

DISH Network Reports Second Quarter 2019 Financial Results

ENGLEWOOD, Colo. — DISH Network Corporation (NASDAQ: DISH) today reported revenue totaling $3.21 billion for the quarter ending June 30, 2019, compared to $3.46 billion for the corresponding period in 2018.

Net income attributable to DISH Network totaled $317 million for the second quarter 2019, compared to net income of $439 million from the year-ago quarter. Diluted earnings per share for the quarter ending June 30, 2019 were $0.60, compared with $0.83 during the same period in 2018.

The company closed the second quarter with 12.03 million total Pay-TV subscribers, including 9.56 million DISH TV subscribers and 2.47 million Sling TV subscribers.

Net pay-TV subscribers declined approximately 31,000 subscribers in the second quarter, compared to a decline of approximately 151,000 in the second quarter 2018.

Year-to-Date Review

DISH Network’s first-half 2019 revenue totaled $6.40 billion, compared to $6.92 billion in revenue from the same period last year. In the first six months of 2019, net income attributable to DISH Network totaled $657 million, compared with $806 million during the same period last year.

Diluted earnings per share were $1.25 for the first six months of 2019, compared with $1.53 during the same period in 2018.

Detailed financial data and other information are available in DISH Network’s Form 10-Q for the quarter ended June 30, 2019 filed today with the Securities and Exchange Commission.