DISH Network® Reports Second Quarter 2008 Financial Results
Monday, August 4th, 2008ENGLEWOOD, Colo. — DISH Network Corporation (Nasdaq: DISH) today reported total revenue of $2.91 billion for the quarter ended June 30, 2008, a 5.6 percent increase compared with $2.76 billion for the corresponding period in 2007.
Net income totaled $336 million for the quarter ended June 30, 2008, compared with $224 million during the corresponding period in 2007. Basic earnings per share were $0.75 for the quarter ended June 30, 2008, compared with basic earnings per share of $0.50 during the corresponding period in 2007.
DISH Network lost approximately 25,000 net subscribers during the quarter ended June 30, 2008, ending the quarter with approximately 13.79 million subscribers.
For the Six Months Ended June 30, Variance ------------------ ----------------- (In millions) 2008 2007 Amount % ------ ------ ------- ------- Subscribers, as of period end 13.790 13.585 0.205 1.5 Subscriber additions, gross 1.483 1.740 (0.257) (14.8) Subscriber additions, net 0.010 0.480 (0.470) (97.9) Average monthly churn rate 1.78% 1.57% 0.21% 13.4
Detailed financial data and other information are available in DISH Network’s Form 10-Q for the quarterly period ended June 30, 2008, filed today with the Securities and Exchange Commission.
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