DISH Network Reports Second Quarter 2014 Financial Results
ENGLEWOOD, Colo.--(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
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
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.
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.
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.
Source: DISH Network Corp.
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