DISH Network Reports Fourth Quarter 2007 Financial Results

Tuesday, February 26th, 2008
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ENGLEWOOD, Colo. — DISH Network Corporation (Nasdaq:DISH), formerly EchoStar Communications Corporation, reported total revenue of $2.89 billion for the quarter ended Dec. 31, 2007, a 12 percent increase compared with $2.58 billion for the corresponding period in 2006.

Net income totaled $175 million for the quarter ended Dec. 31, 2007, compared with $153 million during the corresponding period in 2006. Basic earnings per share were $.39 for the quarter ended Dec. 31, 2007, compared with basic earnings per share of $.35 during the corresponding period in 2006.

For the year ended Dec. 31, 2007, DISH Network reported total revenue of $11.09 billion compared with $9.82 billion for the year ended Dec. 31, 2006, an increase of 13 percent. DISH Network’s net income for the year ended Dec. 31, 2007, totaled $756 million, compared with $608 million for the year ended Dec. 31, 2006. Basic earnings per share were $1.69 for the year ended Dec. 31, 2007, compared with basic earnings per share of $1.37 during the corresponding period in 2006.

DISH Network added approximately 85,000 net new subscribers during the quarter ended Dec. 31, 2007, giving the company approximately 13.78 million subscribers as of that date, an increase of 675,000 subscribers compared to the number of subscribers as of Dec. 31, 2006.

DISH Network completed the spin-off of its technology and certain infrastructure assets, including its set-top box business and certain satellites, through the distribution of shares in EchoStar Corporation on Jan. 1, 2008. Following the spin-off, DISH Network retains its pay-TV business. In connection with the spin-off, EchoStar Communications Corporation changed its name to “DISH Network Corporation.”

Detailed financial data and other information are available in DISH Network’s Form 10-K for the annual period ended Dec. 31, 2007, filed today with the Securities and Exchange Commission.