Subs fall but DISH serves up rising revs in third quarter
| 05 November 2014
Even though its total pay-TV customers decreased by approximately 12,000 in the period, DISH Network has reported rising revenues and ARPU in its last financial quarter.
For the three months ending 30 September, the US satellite giant amassed revenue totalling $3.68 billion, compared with $3.51 billion for the corresponding period in 2013. Subscriber-related revenue increased 5.3% to $3.65 billion from $3.46 billion in the year-ago period. Pay-TV ARPU totalled $84.39, compared to the year-ago period's $80.98. Pay-TV subscriber churn rate increased slightly to 1.67% versus 1.66% for Q3 2013.
DISH closed the quarter with 14.041 million pay-TV subscribers, compared with 14.049 million pay-TV subscribers at the end of third quarter 2013. It also activated approximately 691,000 gross new pay-TV subscribers, compared with approximately 734,000 in the prior year's third quarter.
All of this drove net income to $146 million for the quarter, yet this was less than half that reported for the quarter a year ago. That said, for the first nine months of 2014, DISH Network's revenue of $10.96 billion increased 5.7% compared with revenue from the same period last year.