Dish Network Q1-2015 revenue up 5.3%; income doubles despite losing subscribers

[Thakur]

BENGALURU: US subscription Pay TV service company Dish Network Corporation reported 5.3 per cent growth in revenue for the quarter ended 31 March, 2015 (Current quarter, Q1-2015) at $3724.23 million as compared to the $3594.20 million in the corresponding year ago quarter.

Dish Network’s income almost doubled (up 99.8 per cent) to $358.49 million in the current quarter as compared to the $175.93 million in Q1-2014. Consequently diluted earnings per share (diluted EPS) doubled to $0.76 from $0.38.
 
The company activated approximately 554,000 gross new Pay-TV subscribers compared to approximately 639,000 gross new Pay-TV subscribers in the prior year's first quarter. Net Pay-TV subscribers declined by approximately 134,000 or 21.8 per cent in Q1-2015. The company closed the current quarter with 13.844 million Pay-TV subscribers, compared to 14.097 million Pay-TV subscribers in Q1-2014.



http://www.indiantelevision.com/cable-tv/msos/dish-network-q1-2015-revenue-up-53-income-doubles-despite-losing-subscribers-150511