Skip to main content

Market Overview

DISH Q3 Profit Beats Expectations

Share:

DISH Network Corp (NASDAQ: DISH) reported better-than-expected earnings for the third quarter on Monday.

The Englewood, Colorado-based company posted quarterly net income of $196 million, or $0.42 per share, compared to $146 million, or $0.31 per share, in the year-ago period.

Its total revenue climbed to $3.73 billion from $3.68 billion. However, analysts were expecting earnings of $0.39 per share on revenue of $3.79 billion.

The average estimate among 15 Estimize users was for earnings of $0.47 per share and revenue of $3.81 billion.

Subscriber-related revenue surged to $3.7 billion from $3.65 billion.

The company activated around 751,000 gross new Pay-TV subscribers, versus around 691,000 gross new Pay-TV subscribers, in the year-ago quarter.

Net Pay-TV subscribers dropped around 23,000 in the quarter, versus a loss of about 12,000 in the year-ago quarter.

Pay-TV ARPU increased to $86.33 for the third quarter, from $84.39.

DISH added about 13,000 net broadband subscribers in the quarter.

DISH shares rose 0.62 percent to close at $63.74 yesterday.

 

Related Articles (DISH)

View Comments and Join the Discussion!

Posted-In: profitEarnings News

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com