DISH Network ends 2012 with 14.056 million pay TV subscribers

ENGLEWOOD, Colo. — DISH Network Corporation (NASDAQ: DISH) today reported 2012 total revenue of $14.27 billion compared to $14.05 billion in 2011, an increase of 1.6 percent. Net income attributable to DISH Network in 2012 was $637 million compared to $1.52 billion in 2011. Diluted earnings per share were $1.41 in 2012, compared with $3.39 in 2011.

“In addition to the landmark introductions of our Hopper Whole-Home HD DVR, the successful launch of dishNET and the developments with our wireless spectrum, one of our key stories of the year was the change in our customer trajectory,” said Joseph P. Clayton, DISH president and CEO. “During 2012, DISH added about 89,000 net pay-TV subscribers after having lost approximately 166,000 net pay-TV subscribers in 2011.”

For the full year, DISH added about 2.739 million gross new pay-TV subscriber activations compared to 2.576 million gross new pay-TV subscriber activations in 2011. The company added about 14,000 net new pay-TV subscribers in the fourth quarter of 2012. DISH ended 2012 with 14.056 million pay-TV subscribers compared to 13.967 million total subscribers in 2011.

Pay-TV subscriber churn rate for 2012 decreased to 1.57 percent, an improvement over the 1.63 percent rate in 2011.