DISH Network Reports Fourth Quarter, Year-End 2016 Financial Results
February 22 2017 - 6:02AM
Business Wire
DISH Network Corporation (NASDAQ: DISH) reported revenue
totaling $3.72 billion for the quarter ending Dec. 31, 2016
compared to $3.78 billion for the corresponding period in 2015.
Net income attributable to DISH Network totaled $343 million for
the fourth quarter 2016, compared to a loss of $125 million from
the year-ago quarter. Diluted earnings per share were $0.70 for the
fourth quarter, compared to a loss of $0.27 cents per share during
the same period of 2015.
DISH includes all of its DISH and Sling branded 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 fourth quarter, DISH activated approximately 694,000
gross new Pay-TV subscribers, compared to approximately 661,000
gross new Pay-TV subscribers in the year-ago period. Net Pay-TV
subscribers increased by approximately 28,000 in the fourth
quarter, compared to a loss of approximately 12,000 in the fourth
quarter of 2015.
Full-Year 2016 Review
For the year, DISH reported 2016 total revenue of $15.09 billion
compared to $15.07 billion in 2015. Subscriber-related revenue in
2016 was $15.03 billion, compared to $14.95 billion in 2015.
Net income attributable to DISH Network in 2016 was $1.45
billion compared to $747 million in 2015. Diluted earnings per
share were $3.05 in 2016, compared with $1.61 in 2015.
The company closed the fourth quarter with 13.671 million Pay-TV
subscribers, compared to 13.897 million Pay-TV subscribers in the
fourth quarter of 2015. Our ending Pay-TV subscriber count
increased by approximately 166,000 subscribers during the third
quarter 2016 as a result of the change in our calculation for our
commercial accounts. This had no impact on our gross new
Pay-TV subscriber activations or net Pay-TV subscriber losses for
the year ended Dec. 31, 2016.
Pay-TV ARPU was $88.66 during 2016 versus $86.79 in 2015. Pay-TV
average monthly subscriber churn for 2016 was 1.83 percent compared
to 1.71 percent in 2015.
Detailed financial data and other information are available in
DISH Network's Form 10-K for the year ended Dec. 31, 2016, filed
today with the Securities and Exchange Commission.
DISH Network will host its fourth quarter and full-year 2016
financial results conference call today at noon ET. The dial-in
numbers are (800) 708-3128 (U.S.) and (312) 429-1278.
A webcast replay will be available on DISH's Investor Relations
website, http://dish.client.shareholder.com, today from 6 p.m. to
12 a.m. ET.
About DISH
DISH Network Corp. (NASDAQ:DISH), through its subsidiaries,
provides approximately 13.671 million pay-TV subscribers, as of
Dec. 31, 2016, with the highest-quality programming and technology
with the most choices at the best value. DISH offers a high
definition line-up with more than 200 national HD channels, the
most international channels and award-winning HD and DVR
technology. DISH Network Corporation is a Fortune 200 company.
Visit www.dish.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170222005529/en/
DISH Network CorporationMedia
ContactBob Toevs,
303-723-2010bob.toevs@dish.com@DISHNewsorInvestor ContactJason Kiser,
303-723-2210jason.kiser@dish.com
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