DISH Network Reports Second Quarter 2015 Financial Results
ENGLEWOOD, Colo.--(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
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.
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.
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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DISH Network Corp.
Source: DISH Network Corp.
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