DISH Network misses by $0.08, reports revs in-line
Reports Q3 (Sep) earnings of $0.31 per share, $0.08 worse than the Capital IQ Consensus Estimate of $0.39; revenues rose 5.0% year/year to $3.68 bln vs the $3.69 bln consensus.
- Pay-TV ARPU for the third quarter totaled $84.39, compared to the year-ago period's pay-TV ARPU of $80.98.
- Pay-TV subscriber churn rate increased slightly to 1.67 percent versus 1.66 percent for third quarter 2013.
- Total pay-TV customers decreased by ~12,000 in the quarter. DISH closed the third quarter with 14.041 million pay-TV subscribers, compared to 14.049 million pay-TV subscribers at the end of third quarter 2013. DISH activated ~691,000 gross new pay-TV subscribers, compared to ~734,000 gross new pay-TV subscribers in the prior year's third quarter.
- DISH added ~28,000 net broadband subscribers in the third quarter, bringing its broadband subscriber base to ~553,000. DISH added ~75,000 net broadband subscribers in the third quarter 2013.