DISH Network Reports Third Quarter 2018 Financial Results

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  1. James Long

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

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    DISH Network Reports Third Quarter 2018 Financial Results | Dish

    DISH Network Corp. (NASDAQ: DISH) today reported revenue totaling $3.40 billion for the quarter ending September 30, 2018, compared with $3.58 billion for the corresponding period in 2017. Subscriber-related revenue for the quarter totaled $3.35 billion, compared with $3.55 billion of subscriber-related revenue for the year-ago period.

    Net income attributable to DISH Network totaled $432 million for the third quarter 2018, compared with net income of $297 million during the same quarter in 2017. DISH's net income for the third quarter of 2018 was positively impacted by non-cash adjustments related to the adoption of the ASC 606 revenue recognition standard, net of related taxes, of $31 million. Diluted earnings per share for the quarter ending September 30, 2018, were $0.82, compared with $0.57 during the same period in 2017.

    The company closed the third quarter with 10.286 million DISH TV subscribers and 2.370 million Sling TV subscribers. The total 12.656 million Pay-TV subscribers is compared with 13.203 million Pay-TV subscribers at the end of third quarter 2017.

    Net Pay-TV subscribers declined approximately 341,000 in the third quarter, compared with an increase of approximately 16,000 in the third quarter 2017. In the quarter, net DISH TV subscribers declined approximately 367,000 and Sling TV subscribers increased approximately 26,000. DISH TV's average monthly subscriber churn rate was 2.11 percent versus 1.82 percent for third quarter 2017.
     

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