DISH pay TV subscribers down 196,000 in 2Q 2017Thursday, August 3rd, 2017
DISH Network Reports Second Quarter 2017 Financial Results
ENGLEWOOD, Colo. — DISH Network Corp. (NASDAQ: DISH) today reported revenue totaling $3.64 billion for the quarter ending June 30, 2017, compared to $3.86 billion for the corresponding period in 2016. Subscriber-related revenue for the quarter totaled $3.61 billion, compared to $3.83 billion in subscriber-related revenue for the year-ago period.
Net income attributable to DISH Network totaled $40 million for the second quarter 2017, compared to net income of $424 million from the year-ago quarter. DISH’s net income for the second quarter was negatively impacted by litigation expenses, net of related taxes, of $280 million.
Diluted earnings per share for the quarter ending June 30, 2017, were $0.09, compared with $0.91 during the same period in 2016.
DISH includes all of its Sling TV subscribers in the company’s total Pay-TV metrics, including in the Pay-TV subscriber, Pay-TV ARPU and Pay-TV churn rate numbers set forth below. Sling TV subscribers are reported net of disconnects in our gross new Pay-TV subscriber activations.
In the second quarter, DISH activated approximately 444,000 gross new Pay-TV subscribers, compared to approximately 527,000 gross new Pay-TV subscribers in the prior year’s second quarter. Net Pay-TV subscribers declined approximately 196,000 in the second quarter, compared to a decline of approximately 281,000 in the second quarter 2016.
The company closed the second quarter with 13.332 million Pay-TV subscribers, compared to 13.593 million Pay-TV subscribers at the end of second quarter 2016.
Pay-TV ARPU for the second quarter totaled $87.25, compared to the year-ago period’s Pay-TV ARPU of $89.98. Pay-TV subscriber churn rate was 1.59 percent versus 1.96 percent for second quarter 2016.