DISH Network pay TV subscribers down 134,000 in 1Q 2015

Monday, May 11th, 2015
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DISH Network Reports First Quarter 2015 Financial Results

ENGLEWOOD, Colo. — DISH Network Corporation (NASDAQ: DISH) today reported revenue totaling $3.7 billion for the quarter ending March 31, 2015, compared to $3.6 billion for the corresponding period in 2014.

Net income attributable to DISH Network totaled $351 million for the quarter ending March 31, 2015, compared to $176 million from the year-ago quarter.

DISH activated approximately 554,000 gross new Pay-TV subscribers compared to approximately 639,000 gross new Pay-TV subscribers in the prior year’s first quarter. Net Pay-TV subscribers declined by approximately 134,000 in the first quarter. The company closed the first quarter with 13.844 million Pay-TV subscribers, compared to 14.097 million Pay-TV subscribers at the end of first quarter 2014.

Pay-TV ARPU for the first quarter totaled $86.01, compared to first quarter 2014 Pay-TV ARPU of $82.36. Pay-TV subscriber churn rate was 1.65 percent versus 1.42 percent for first quarter 2014.

DISH added approximately 14,000 net broadband subscribers in the first quarter, bringing its broadband subscriber base to approximately 591,000. DISH added approximately 53,000 net broadband subscribers in the first quarter 2014.