Dish Network Second-Quarter Financials Decline
Charlie Ergen's Dish Network on Wednesday reported lower second-quarter financials as it confirmed lower subscriber declines than in the year-ago period.
The satellite TV company posted a profit of $226 million, down 33 percent from the $335 million recorded in the year-ago period.
Revenue of $3.57 billion was down slightly from $3.59 billion in the year-ago period. At the same time, expenses, including subscriber acquisition costs driven by higher subscriber advertising and promotion spending, rose.
Dish also cited "higher programming costs, increased advertising associated with our Hopper set-top box and $68 million of depreciation expense."
Last month, Dish announced that it lost 10,000 pay TV subscribers in the second quarter, well below the 135,000 it had lost in the year-ago period and below analyst projections.