Dish Network Quarter results released!! good/bad and ugly


Supporting Founder
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Supporting Founder
Sep 8, 2003
From Dish's 10Q:

Subscription television services revenue totaled $1.36 billion for the three months ended September 30, 2003, an increase of $242.9 million or 21.7% compared to the same period in 2002. This increase was attributable to continued DISH Network subscriber growth and an increase in monthly average revenue per subscriber, discussed below. DISH Network added approximately 285,000 net new subscribers for the three months ended September 30, 2003 compared to approximately 320,000 net new subscribers added during the same period in 2002. As of September 30, 2003, we had approximately 9.085 million DISH Network subscribers compared to approximately 7.78 million at September 30, 2002, an increase of approximately 16.8%. ?Subscription television services revenue? will continue to increase to the extent we are successful in increasing the number of DISH Network subscribers and maintaining or increasing revenue per subscriber. Subscriber additions during the three months ended September 30, 2003 were negatively impacted by, among other things, delays in delivery of several newly developed products. Significant deployment of these products is expected late in the fourth quarter of 2003 and should be completed during the first quarter of 2004.


earnings 0.07/share, compare to the 0.16 consensus estimate;
1.45 billion of revenue, compare to 1.5 billion consensus;
Less new subscribers than the same period last year with high acquisition subsidize for new subscribers

Looks like we will not see the new products 811, 921 SuperDish for HD at the earliest until late 4th Quarter - and not see wide scale avaliablity until first quarter of 2004.
NEW YORK, Nov 11 (Reuters) - EchoStar Communications Corp. (DISH) shares fell to a five-month low on Tuesday, a day after the No. 2 satellite broadcaster posted slower-than- expected subscriber growth at its Dish Network service.

The company, facing pressure from new services at cable companies and from archrival DirecTV, said delays in deliveries of high definition television products would mean it misses out on the holiday season boost in consumer spending.

"We clearly missed all of September and I think for the most part we're going to miss the holiday season," said Chief Executive Charlie Ergen, who blamed himself for the short fall during an analysts on a telephone conference.

"Even if you get the product out in the next three weeks ... you get a little bit of it, but I don't think we're going to get too much bang there," Ergen said, adding that EchoStar was distracted by its failed efforts last month to buy bankrupt satellite maker and operator Loral Space & Communications Ltd. (LRLSQ)
If you want to hear Charlie in all his glory talking about how they didn't deliver on all the new HD products that we all want which hurt their sales you can go to this link:

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