Q3-2015: Dish Network net income up 34.2%; ARPU up 2.7%; subscriber base down

BENGALURU: Dish Network Corporation reported revenue totalling $3.73 billion for the quarter ending 30 September, 2015 (current quarter, Q3-2015), compared to $3.68 billion for the corresponding period in 2014. Subscriber related revenue increased to $3.7 billion from $3.65 billion in the year-ago period.


Net income attributable to Dish Network totalled $196 million for the current quarter, compared to net income of $146 million from the year-ago quarter. Diluted earnings per share for Q3-2015 were $0.42, compared with $0.31 during Q3-2014.


For Q3-2015 and 9M-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. Sling TV subscribers are included net of disconnects.


In the current quarter, Dish activated approximately 751,000 gross new Pay-TV subscribers, compared to approximately 691,000 gross new Pay-TV subscribers in Q3-2015. Net Pay-TV subscribers declined approximately 23,000 in Q3-2015, compared to a loss of approximately 12,000 in the third quarter of 2014.


The company closed Q3-2015 with 13.909 million Pay-TV subscribers, compared to 14.041 million Pay-TV subscribers at the end Q3-2014. Pay-TV ARPU for the third quarter totalled $86.33, compared to the year-ago period’s Pay-TV ARPU of $84.39. Pay-TV subscriber churn rate was 1.86 per cent versus 1.67 per cent Q3-2014.


Dish claims that its added approximately 13,000 net broadband subscribers in the current quarter, bringing its broadband subscriber base to approximately 608,000.

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