DISH Network beats by $0.24, beats on revs
Reports Q2 (Jun) earnings of $0.70 per share, $0.24 better than the Capital IQ Consensus of $0.46; revenues rose 3.9% year/year to $3.83 bln vs the $3.79 bln consensus.
- DISH activated approximately 638,000 gross new Pay-TV subscribers compared to ~656,000 gross new Pay-TV subscribers in the prior year's second quarter. Net Pay-TV subscribers declined ~81,000 in the second quarter compared to a loss of ~44,000 in the second quarter 2014.
- The company closed the second quarter with 13.932 million Pay-TV subscribers, compared to 14.053 million Pay-TV subscribers at the end of second quarter 2014.
- Pay-TV ARPU for the second quarter totaled $87.91, compared to second quarter 2014 Pay-TV ARPU of $84.15. Pay-TV subscriber churn rate was 1.71 percent versus 1.66 percent for second quarter 2014. DISH added ~4,000 net broadband subscribers in the second quarter, bringing its broadband subscriber base to ~595,000.