DISH Network has announced its quarterly report for June 30, 2016 with revenues of $3.84 billion, in comparison to $3.83 billion for the corresponding period last year.
Net income for subscription related to DISH Network was $410 million (+26.5 percent) for the second quarter of 2016, compared to $324 million.
The subscriber related revenue of Dish Network rose from $3.80 billion to $3.83 billion from last year to now. The price increases for satellite TV packages acted as a booster for its revenue balancing the lower rates of Sling TV service.
Dish Network lists Sling TV subscribers, including Pay-TV metrics consisting of subscriber, Pay-TV ARPU and Pay-TV churn rate numbers in it.
The total average monthly revenue per pay-TV customer for the 2016 second quarter was $89.98 shooting from $87.91 in the respective 2015 period.
In the second quarter this year, Dish Network activated approximately 527,000 gross new Pay-TV subscribers compared to approximately 638,000 gross new Pay-TV subscribers in the prior year’s second quarter.
In-spite of this, net Pay-TV subscribers went down by 281,000 in the second quarter of 2016, while the previous year quarter loss was 81,000. Overall the company lost 15,000 net satellite-broadband subscribers in the second quarter this year, lowering its broadband subscriber base to 613,000. The loss was caused due to higher churn rates and effects of cord-cutting and lower gross adds alongside more consumers opting for online video-streaming services each day, says the company.
Also, disputes with media companies like Turner Broadcasting of Time Warner, 21st Century Fox and other local network affiliates, are believed to have gone against it.
The company having a customer base of 13.593 million pay-TV subscribers, as of June 30, 2016, provides a high definition line-up with more than 200 national HD channels, many international channels and award-winning HD and DVR technology.
The company known for its out-of-the-box revenue diversification strategies had introduced the low price range of Sling TV online streaming service at $20 per month providing a slim bundle of channels consisting of networks such as ESPN.
Dish Network closed the second quarter with 13.593 million Pay-TV subscribers including that of Sling TV, compared to 13.932 million Pay-TV subscribers at the end of last year second quarter.
Pay-TV ARPU of Dish Network for the 2016 second quarter totaled $89.98, compared to second quarter 2015 Pay-TV ARPU of $87.91. Pay-TV subscriber churn rate was 1.96 percent this time, versus 1.71 percent for second quarter 2015.
Coming to the first half reports, the revenue was $7.62 billion in comparison to $7.56 billion from last year first half. Also, net income of Dish Network totaled $800 million in the first six months of 2016, compared with $676 million during the 2015 six month period.
Vina Krishnan
[email protected]
