Dish Loses 23K Video Subs in Q1

Revenue up 3% for satellite TV service provider
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Dish Network said it lost about 23,000 video customers in the first quarter, continuing a string of losses going back to last year, as revenue increased about 3%.

Dish ended the period with 13.874 million video subscribers, down 23,000. Last year the company finished Q1 with a gain of about 35,000 video customers, but ended the year with a deficit of 81,000 video subs.

The losses could be greater because Dish includes customer results from its Sling TV over-the-top video service.

Revenue in the period was $3.78 billion, compared to $3.7 billion in the prior year. Dish said it added about 5,000 net new broadband customers in the quarter.

Pay-TV ARPU for the first quarter totaled $87.94, compared to $85.73 in the prior year. Churn was down slightly -- 1.63% versus 1.64% for first quarter 2015.

Dish is scheduled to hold a conference call with analysts to discuss results at noon today.