Dish Loses Fewer Subs, Boosts Financials in Second Quarter

3:17 AM PST 08/06/2014 by Georg Szalai
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The satellite TV giant, led by chairman Charlie Ergen, swung to a second-quarter profit.

Dish Network on Wednesday reported improved second-quarter financials. 

The satellite TV giant, led by chairman Charlie Ergen, swung to a second-quarter profit of $213 million, compared to a loss of $11 million in the year-ago quarter. Quarterly revenue of $3.69 billion compared to $3.49 billion in the year-ago period.

Dish lost about 44,000 net pay TV subscribers in the second quarter, ending it with 14.053 million pay TV users. In the second quarter of 2013, Dish had lost 78,000 customers.

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Dish added approximately 36,000 net broadband subscribers in the second quarter, bringing its broadband subscriber base to approximately 525,000.

"We are pleased to see continued growth in Hopper receiver take rates, as well as growth in broadband-connected subscribers," said Dish president and CEO Joseph Clayton. "This performance reflects efforts like our DISH Anywhere mobile app and our iPad 2 promotion with Apple and will set the stage for long-range revenue performance."

Email: Georg.Szalai@THR.com
Twitter: @georgszalai

 

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