DISH Network Reports Third Quarter 2016 Financial Results

Discussion in 'General DISH™ Discussion' started by James Long, Nov 9, 2016.

  1. James Long

    James Long Ready for Uplink! Staff Member Super Moderator

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    ENGLEWOOD, Colo.--(BUSINESS WIRE)-- DISH Network Corp. (NASDAQ: DISH) today reported revenue totaling $3.75 billion for the quarter ending September 30, 2016, compared to $3.73 billion for the corresponding period in 2015. Subscriber-related revenue increased to $3.73 billion from $3.70 billion in the year-ago period.

    Net income attributable to DISH Network totaled $307 million for the third quarter 2016, compared with $196 million from the year-ago quarter. Diluted earnings per share were $0.64 for the third quarter, compared with $0.42 during the same period in 2015.

    DISH includes all of its Sling TV subscribers in the company's total Pay-TV metrics, including in the Pay-TV subscriber, Pay-TV ARPU and Pay-TV churn rate numbers set forth below. Sling TV subscribers are reported net of disconnects in our gross new Pay-TV subscriber activations.

    In the third quarter, DISH activated approximately 736,000 gross new Pay-TV subscribers compared to approximately 751,000 gross new Pay-TV subscribers in the prior year's third quarter. Net Pay-TV subscribers declined approximately 116,000 in the third quarter, compared to a loss of approximately 23,000 in the third quarter 2015.

    The company closed the third quarter with 13.643 million Pay-TV subscribers, compared to 13.909 million Pay-TV subscribers at the end of third quarter 2015. Our ending Pay-TV subscriber count increased by approximately 166,000 subscribers as of September 30, 2016 as a result of a change in our calculation for our commercial accounts. This had no impact on our gross new Pay-TV subscriber activations, net Pay-TV subscriber losses or Pay-TV churn rate for all periods presented.

    Pay-TV ARPU for the third quarter totaled $89.44, compared to third quarter 2015 Pay-TV ARPU of $86.33. Pay-TV subscriber churn rate was 2.11 percent versus 1.86 percent for third quarter 2015.

    DISH lost approximately 20,000 net broadband subscribers in the third quarter, bringing its broadband subscriber base to approximately 593,000.

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  2. tsmacro

    tsmacro Hall Of Fame

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    Looks like the trend of making more money from fewer customers continues.
     
  3. James Long

    James Long Ready for Uplink! Staff Member Super Moderator

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    I heve not looked at this quarter's details, but typically DISH loses customers by not signing up enough new customers to balance the customers lost. Both DISH and DIRECTV lose a lot of customers each quarter. Adding subscribers to balance out the losses is the challenge.

    The upside of not adding a customer is that DISH does not have to pay for the equipment or installation. Look at quarters where there is a net loss and you will see increased profits simply because they don't have to pay for the installs.
     
  4. mwdxer

    mwdxer Well-Known Member

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    I remember the days with Dish, that the subscriber bought their equipment and installed it themselves, or hired it done. Except for the subscription, Dish was out of the loop completely. But with the change years ago, the cost from Dish skyrocketed. But they want to compete with cable. They had to do it. A cable drop is so easy compared to Dish or Direct.
     
  5. James Long

    James Long Ready for Uplink! Staff Member Super Moderator

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    The "easy" part about a cable drop is if it already exists. DISH and DIRECTV tends to reinstall antennas and receivers (and often cabling) where the cable company can simply reactivate existing cable.

    If the cable drop doesn't exist it can be a pain ($$$$) to get one installed. No LOS issues and less zoning issues (somehow those ugly utility poles don't get restricted as often as a dish). With no pre-existing drop I'd consider satellite an easier install.

    One other issue is the topology ... Cable has an entrance cable with simple splitters to send signal to each room. DIRECTV SWM and DISH Hopper 3 have a similar topology that can run on "cable TV" cables. But older satellite installations required home runs to each receiver. And while modern house wiring is home run, one does not have to go back too far to see houses pre-wired for cable that needed to be rewired for satellite.
     

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