DISH Network Reports Second Quarter 2019 Financial Results

Discussion in 'General DISH™ Discussion' started by James Long, Jul 29, 2019.

  1. James Long

    James Long Ready for Uplink! Staff Member Super Moderator DBSTalk Club

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    DISH Network Reports Second Quarter 2019 Financial Results | Dish

    ENGLEWOOD, Colo., July 29, 2019 /PRNewswire/ -- DISH Network Corporation (NASDAQ: DISH) today reported revenue totaling $3.21 billion for the quarter ending June 30, 2019, compared to $3.46 billion for the corresponding period in 2018.

    Net income attributable to DISH Network totaled $317 million for the second quarter 2019, compared to net income of $439 million from the year-ago quarter. Diluted earnings per share for the quarter ending June 30, 2019 were $0.60, compared with $0.83 during the same period in 2018.

    The company closed the second quarter with 12.03 million total Pay-TV subscribers, including 9.56 million DISH TV subscribers and 2.47 million Sling TV subscribers.

    Net pay-TV subscribers declined approximately 31,000 subscribers in the second quarter, compared to a decline of approximately 151,000 in the second quarter 2018.

    Year-to-Date Review
    DISH Network's first-half 2019 revenue totaled $6.40 billion, compared to $6.92 billion in revenue from the same period last year. In the first six months of 2019, net income attributable to DISH Network totaled $657 million, compared with $806 million during the same period last year.

    Diluted earnings per share were $1.25 for the first six months of 2019, compared with $1.53 during the same period in 2018.

    Detailed financial data and other information are available in DISH Network's Form 10-Q for the quarter ended June 30, 2019 filed today with the Securities and Exchange Commission.
     
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  2. mwdxer

    mwdxer Well-Known Member

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    Even though money is down, at over 3 Billion, I don't think they are hurting all that much. I wonder what Dish had in subscribers at the peak compared of today?
     
  3. sparky27

    sparky27 New Member

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    It will be interesting to watch the subscriber number trends as the streaming market continues to fragment and as Netflix continues to decline. As an 8 year cordcutter who just returned to paytv I find it all very fascinating!
     
  4. mwdxer

    mwdxer Well-Known Member

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    I am a cord shaver. I like Dish and plan to stay with them, but I do like all of the extras I get with streaming.
     
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  5. James Long

    James Long Ready for Uplink! Staff Member Super Moderator DBSTalk Club

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    Peak DISH subscribers was 4Q 2010 with 14.133 million. They hit 13.815 million 1Q 2008, suffered their first net subscriber loss (25k) in 2Q 2008 and stayed around 14 million until 2Q 2015 (about the time AT&T bought DIRECTV).

    DISH satellite has lost about a million customers a year since 2015. Sling TV gained 1.8 million since 2015. The current grand total is 12.032 million with 21% of their customers on Sling TV. At 9.56 million DISH satellite is at it's lowest subscriber level since 2003! But the Sling TV subscribers bring that up to 2005.

    DIRECTV satellite hit their peak in 4Q 2016 (21.012 million). AT&T no longer reports the number of satellite subscribers, choosing to count satellite and uverse subscribers as "Premium TV". The last separated counts were 4Q 2018 with DIRECTV at 19.222 million (roughly the same as 4Q 2010), UVERSE at 3.681 million and DIRECTV Now at 1.591 million. "Premium TV" has dropped another 1.3 million this year, DIRECTV Now has dropped 251k (15% of their subscribers). Only 6% of AT&T's customers were DIRECTV Now streamers.

    Both companies are doing financially ok. DISH's $3 billion was revenue - profit was $317 million. DIRECTV reported their revenue and profit as a division.
     
  6. mwdxer

    mwdxer Well-Known Member

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    It doesn't look like either Dish or Direct is hurting. I wonder what the numbers will be, if the RSN's do not come back? How much of a loss was there with HBO/Cinemax going?
     
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  7. James Long

    James Long Ready for Uplink! Staff Member Super Moderator DBSTalk Club

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    DISH lost less customers in the past six months than they did in the same six months of 2018. I expect that people left because of HBO, but not enough to "worry about".
     

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