DISH Network Reports Second Quarter 2015 Financial Results
August 05 2015 - 6:05AM
Business Wire
DISH Network Corp. (NASDAQ: DISH) today reported revenue
totaling $3.83 billion for the quarter ending June 30, 2015,
compared to $3.69 billion for the corresponding period in 2014.
Subscriber-related revenue increased to $3.8 billion from $3.65
billion in the year-ago period.
Net income attributable to DISH Network totaled $324 million for
the second quarter 2015, compared to net income of $213 million
from the year-ago quarter. Diluted earnings per share were $0.70
for the second quarter, compared with $0.46 during the same period
in 2014.
For the three and six-months ended June 30, 2015, DISH has
included all of its Sling TV live, linear streaming over-the-top
Internet-based television services 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.
In the second quarter, DISH activated approximately 638,000
gross new Pay-TV subscribers compared to approximately 656,000
gross new Pay-TV subscribers in the prior year’s second quarter.
Net Pay-TV subscribers declined approximately 81,000 in the second
quarter compared to a loss of approximately 44,000 in the second
quarter 2014.
The company closed the second quarter with 13.932 million Pay-TV
subscribers, compared to 14.053 million Pay-TV subscribers at the
end of second quarter 2014.
Pay-TV ARPU for the second quarter totaled $87.91, compared to
second quarter 2014 Pay-TV ARPU of $84.15. Pay-TV subscriber churn
rate was 1.71 percent versus 1.66 percent for second quarter 2014.
DISH added approximately 4,000 net broadband subscribers in the
second quarter, bringing its broadband subscriber base to
approximately 595,000.
Year-to-Date Review
DISH Network's first-half 2015 revenue totaled $7.56 billion,
compared to $7.28 billion in revenue from the same period last
year. In the first six months of 2015, net income attributable to
DISH Network totaled $676 million, compared with $389 million
during the same period last year. Diluted earnings per share were
$1.46 for the first six months of 2015, compared with $0.84 during
the same period in 2014.
Detailed financial data and other information are available in
DISH Network's Form 10-Q for the quarter ended June 30, 2015, filed
today with the Securities and Exchange Commission.
DISH Network will host its second quarter 2015 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
89055385. A webcast replay of the call will be available today from
6 p.m. to 12 a.m. ET
at http://dish.client.shareholder.com/events.cfm.
About DISH
DISH Network Corp. (NASDAQ: DISH), through its subsidiaries,
provides approximately 13.932 million pay-TV subscribers, as of
June 30, 2015, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150805005172/en/
DISH Network Corp.InvestorsJason Kiser,
303-723-2210jason.kiser@dish.comorMedianews@dish.com720-514-5351@DISHNews
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