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Dish posts revenue increase, net loss in Q2

Tuesday 6 August 2013 | 16:12 CET | News
Dish Network's second-quarter revenue increased to USD 3.61 billion from USD 3.57 billion a year earlier, while the pay-TV provider moved to a net loss of USD 11 million from net income of USD 226 million. The loss per share was USD 0.02, down from earnings per share of USD 0.50. The negative result was due to a USD 438 million impairment charge on two of the three satellites acquired through the TerreStar and DBSD transactions. Dish added approximately 624,000 gross new pay-TV subscribers in the quarter, while the net result was a loss of 78,000 customers. Pay-TV subscriber churn rate

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Categories: Broadcast & Satellite
Companies: Dish Network
Countries: United States
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