Sub Losses Nearly Double at Dish

Satellite Giant Beats Revenue, OCF Estimates

Dish Network lost about 81,000 net subscribers in the second quarter, nearly twice the 44,000 it lost in the prior year, but a focus on higher-margin customers helped drive revenue and net income up by 3.9% and 52%, respectively.

Revenue at the second largest satellite TV service provider was $3.83 billion in the quarter, up 3.9% from $3.69 billion in the prior year. Net income rose 52% to $324 million (70 cents per share) from $213 million (46 cents per share) in the period. Cash flow at $796.9 million nwas up 9.7% from the prior year and beat anlaysts' estimates by about $40 milion. Revenue for the period was about 150 basis points ahead of consensus estimates.

Average monthly revenue per unit in the period totaled $87.91, compared with $84.15 in the prior year. Churn was 1.71% versus 1.66% in the second quarter of 2014.

Dish also added about 4,000 net broadband subscribers in the second quarter, bringing its broadband subscriber base to approximately 595,000.