DISH Network pay TV subscribers down 194,000 in 4Q 2019
Wednesday, February 19th, 2020
DISH Network Reports Fourth Quarter, Year-End 2019 Financial Results
ENGLEWOOD, Colo. — DISH Network Corporation (NASDAQ: DISH) reported revenue totaling $3.24 billion for the quarter ending December 31, 2019, compared to $3.31 billion for the corresponding period in 2018.
Net income attributable to DISH Network totaled $389 million for the fourth quarter 2019, compared to $337 million from the year-ago quarter. Diluted earnings per share were $0.69 for the fourth quarter, compared to $0.64 per share during the same period of 2018.
The company closed the fourth quarter with 11.99 million Pay-TV subscribers, including 9.40 million DISH TV subscribers and 2.59 million Sling TV subscribers.
Net Pay-TV subscribers decreased by approximately 194,000 in the fourth quarter, compared to a net decrease of 334,000 in the year-ago quarter.
Full-Year 2019 Review
For the year, DISH reported 2019 total revenue of $12.81 billion, compared to $13.62 billion in 2018.
Net income attributable to DISH Network in 2019 was $1.40 billion, compared to $1.58 billion in 2018. Diluted earnings per share were $2.60 in 2019, compared to $3.00 in 2018.
For additional detail on quarterly metrics, please refer to the table below.
Detailed financial data and other information are available in DISH Network’s Form 10-K for the year ended Dec. 31, 2019, filed today with the Securities and Exchange Commission.
Quarterly Metrics Q4 2019 Q3 2019 Q2 2019 Q1 2019 Q4 2018 Q3 2018 Q2 2018 Q1 2018 --------------------------------------------- ------- ------- ------- ------- ------- ------- ------- ------- Pay-TV subscribers, as of period end* 11.986 12.180 12.032 12.063 12.322 12.656 12.997 13.148 DISH TV subscribers, as of period end* 9.394 9.494 9.560 9.639 9.905 10.286 10.653 10.845 Sling TV subscribers, as of period end* 2.592 2.686 2.472 2.424 2.417 2.370 2.344 2.303 Pay-TV subscriber additions (losses), net* (0.194) 0.148 (0.031) (0.259) (0.334) (0.341) (0.151) (0.094) DISH TV subscriber additions (losses), net* (0.100) (0.066) (0.079) (0.266) (0.381) (0.367) (0.192) (0.185) Sling TV subscriber additions (losses), net* (0.094) 0.214 0.048 0.007 0.047 0.026 0.041 0.091 Pay-TV ARPU $87.02 $85.29 $86.34 $85.03 $85.55 $86.29 $85.54 $84.50 DISH TV subscriber additions, gross* 0.341 0.416 0.348 0.243 0.245 0.294 0.278 0.297 DISH TV churn rate 1.56% 1.69% 1.48% 1.74% 2.07% 2.11% 1.46% 1.47% DISH TV SAC $850 $827 $786 $828 $861 $721 $763 $707 * in millions
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