DISH Network Reports Second Quarter 2014 Financial Results
August 06 2014 - 6:06AM
Business Wire
DISH Network Corp. (NASDAQ: DISH) today reported revenue
totaling $3.69 billion for the quarter ending June 30, 2014,
compared to $3.49 billion for the corresponding period in 2013.
Subscriber-related revenue increased 5.6 percent to $3.65 billion
from $3.45 billion in the year-ago period.
Net income attributable to DISH Network totaled $213 million for
the second quarter 2014, compared to a loss of $11 million from the
year-ago quarter.
DISH activated approximately 656,000 gross new pay-TV
subscribers in the second quarter 2014, compared to approximately
624,000 gross new pay-TV subscribers in the prior year’s second
quarter. Net pay-TV subscribers declined approximately 44,000 in
the second quarter. The company closed the second quarter with
14.053 million pay-TV subscribers, compared to 14.014 million
pay-TV subscribers at the end of second quarter 2013.
Pay-TV ARPU for the second quarter totaled $84.15, an
improvement over the second quarter 2013 pay-TV ARPU of $80.81.
Pay-TV subscriber churn rate was 1.66 percent versus 1.67 percent
for second quarter 2013.
DISH added approximately 36,000 net broadband subscribers in the
second quarter, bringing its broadband subscriber base to
approximately 525,000.
Year-to-Date Review
DISH Network's first-half 2014 revenue of $7.28 billion
increased 6.1 percent, compared to $6.86 billion in revenue from
the same period last year. In the first six months of 2014, net
income attributable to DISH Network totaled $389 million, compared
with $205 million during the same period last year. Diluted
earnings per share were $0.84 for the first six months of 2014,
compared with $0.45 during the same period in 2013.
Detailed financial data and other information are available in
DISH Network's Form 10-Q for the quarter ended June 30, 2014, filed
today with the Securities and Exchange Commission.
DISH Network will host its second quarter 2014 financial results
conference call today at noon Eastern time. The dial-in numbers are
(800) 616-6729 (U.S.) and (763) 488-9145, conference ID number
78894146. A replay of the call will be available today at 4 p.m.
EDT at http://dish.client.shareholder.com/events.cfm.
About DISH
DISH Network Corporation (NASDAQ: DISH), through its
subsidiaries, provides approximately 14.053 million pay-TV
subscribers, as of June 30, 2014, with the highest quality
programming and technology with the most choices at the best value.
Subscribers enjoy 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 250 company. Visit www.dish.com.
DISH Network Corp.Medianews@dish.com720-514-5351@DISHNewsorInvestorsJason
Kiser, 303-723-2210jason.kiser@dish.com
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