Dish Network Posts 111,000 Subs Decline for Third Quarter

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The satellite TV operator posted improved earnings and revenue though.

Dish Network on Monday reported subscriber losses and weaker-than-expected financials for its latest quarter.

The satellite TV giant, led by chairman Charles Ergen, recorded a 111,000 subscriber decline in the third quarter. The year-ago period had seen a 29,000 loss. Analysts had on average expected a sub drop of around 80,000. Dish ended September with 13.95 million subscribers.

The company also posted a 30 percent third-quarter earnings improvement to $319.1 million, but the figure missed Wall Street expectations. Revenue rose 12.3 percent to $3.6 billion.

Dish's stock rose 4 percent in early trading as analysts said some investors had feared sub losses of as high as the 150,000 range. 
 

Email: Georg.Szalai@thr.com

Twitter: @georgszalai

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