DISH Network (DISH) Tops Q1 EPS by 22c

DISH Network (NASDAQ: DISH) reported Q1 EPS of $0.84, $0.22 better than the analyst estimate of $0.62. Revenue for the quarter came in at $3.79 billion versus the consensus estimate of $3.8 billion.

In the first quarter, DISH activated approximately 657,000 gross new Pay-TV subscribers, compared to approximately 723,000 gross new Pay-TV subscribers in the prior year’s first quarter. Net Pay-TV subscribers declined approximately 23,000 in the first quarter, compared to a gain of approximately 35,000 in the first quarter 2015.

The company closed the first quarter with 13.874 million Pay-TV subscribers, compared to 14.013 million Pay-TV subscribers at the end of first quarter 2015.

Pay-TV ARPU for the first quarter totaled $87.94, compared to the year-ago period’s Pay-TV ARPU of $85.73. Pay-TV subscriber churn rate was 1.63 percent versus 1.64 percent for first quarter 2015.

DISH added approximately 5,000 net broadband subscribers in the first quarter, bringing its broadband subscriber base to approximately 628,000.

For earnings history and earnings-related data on DISH Network (DISH) click here.

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