DISH Network – Investor Relations – 1.888.825.2557
DISH Network Reports First Quarter 2014 Financial Results
ENGLEWOOD, Colo.–(BUSINESS WIRE)–
DISH Network Corporation (NASDAQ: DISH) today reported revenue totaling
$3.59 billion for the quarter ending March 31, 2014, compared to $3.38
billion for the corresponding period in 2013.
Net income attributable to DISH Network totaled $176 million for the
quarter ending March 31, 2014, compared to $216 million from the
year-ago quarter.
DISH activated approximately 639,000 gross new pay-TV subscribers
compared to approximately 654,000 gross new pay-TV subscribers in the
prior year’s first quarter. Net subscribers grew by approximately 40,000
in the first quarter. The company closed the first quarter with 14.097
million pay-TV subscribers compared to 14.092 million pay-TV subscribers
at the end of first quarter 2013.
Pay-TV ARPU for the first quarter totaled $82.36, an improvement over
the first quarter 2013 pay-TV ARPU of $78.44. Pay-TV subscriber churn
rate was 1.42 percent versus 1.47 percent for first quarter 2013.
DISH added approximately 53,000 net broadband subscribers in the first
quarter, bringing its broadband subscriber base to approximately 489,000.
Detailed financial data and other information are available in DISH
Network’s Form 10-Q for the quarter ended March 31, 2014, filed today
with the Securities and Exchange Commission.
DISH Network will host its first quarter 2014 financial results
conference call today at noon Eastern time. The dial-in numbers are
(800) 616-6729 (U.S. toll-free) or (763) 488-9145, conference ID number
22704025. A replay of the call will be available today at 4 p.m. EDT at [http://dish.client.shareholder.com/events.cfm].
About DISH
DISH Network Corporation (NASDAQ: DISH), through its subsidiaries,
provides approximately 14.097 million pay-TV subscribers, as of March
31, 2014, with the highest quality programming and technology with the
most choices at the best value. Subscribers enjoy a high definition
line-up with more than 200 national HD channels, the most international
channels, and award-winning HD and DVR technology. DISH Network
Corporation is a Fortune 200 company. Visit www.dish.com.
DISH Network CorporationInvestor Relations:Jason Kiser,
303-723-2210jason.kiser@dish.comorMedia
Relations:Bob Toevs, 303-723-2010bob.toevs@dish.com
Source: DISH Network Corporation
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