DISH Network Reports Second Quarter 2019 Financial Results

[Scott Greczkowski]

DISH Network Reports Second Quarter 2019 Financial Results
July 29, 2019
ENGLEWOOD, Colo., July 29, 2019 /PRNewswire/ -- DISH Network Corporation (NASDAQ: DISH) today reported revenue totaling $3.21 billion for the quarter ending June 30, 2019, compared to $3.46 billion for the corresponding period in 2018.

Net income attributable to DISH Network totaled $317 million for the second quarter 2019, compared to net income of $439 million from the year-ago quarter. Diluted earnings per share for the quarter ending June 30, 2019 were $0.60, compared with $0.83 during the same period in 2018.

The company closed the second quarter with 12.03 million total Pay-TV subscribers, including 9.56 million DISH TV subscribers and 2.47 million Sling TV subscribers.

Net pay-TV subscribers declined approximately 31,000 subscribers in the second quarter, compared to a decline of approximately 151,000 in the second quarter 2018.

Year-to-Date Review
DISH Network's first-half 2019 revenue totaled $6.40 billion, compared to $6.92 billion in revenue from the same period last year. In the first six months of 2019, net income attributable to DISH Network totaled $657 million, compared with $806 million during the same period last year.

Diluted earnings per share were $1.25 for the first six months of 2019, compared with $1.53 during the same period in 2018.

Detailed financial data and other information are available in DISH Network's Form 10-Q for the quarter ended June 30, 2019 filed today with the Securities and Exchange Commission.

DISH Network will host its second quarter 2019 financial results conference call today at 4:30 p.m. ET. Participant conference numbers: (866) 575-6539 (U.S.) and (323) 994-2082, Conference ID: 4730608.

A webcast replay will be available today on DISH's Investor Relations website, http://ir.dish.com, and will remain available for 48 hours.

 

[NYDutch]

I wonder if 31,000 subscribers lost this period compared to 151,000 lost last year means the market is starting to stabilize...

 

[nelson61]

second quarter 10K

 

[Bruce]

I wonder if 31,000 subscribers lost this period compared to 151,000 lost last year means the market is starting to stabilize...

Dish did not lose 31,000 sat customers, they lost 79,000, it was offset by gains to sling.

Dish reported losing around 79,000 Dish TV subscribers during the latest quarter, while adding around 48,000 Sling TV subscribers.

Dish Loses 31,000 Subs in Second Quarter


Sent from my iPad using SatelliteGuys

 

[navychop]

Net loss is way lower. So things may be bottoming out.


Sent from my iPhone using SatelliteGuys App. For now.

 

[ncted]

ARPU is up at least.

 

[NYDutch]

Dish did not lose 31,000 sat customers, they lost 79,000, it was offset by gains to sling.

Dish reported losing around 79,000 Dish TV subscribers during the latest quarter, while adding around 48,000 Sling TV subscribers.

Dish Loses 31,000 Subs in Second Quarter
Sent from my iPad using SatelliteGuys

NET loss...

 

[CubsWin]

Net loss is way lower. So things may be bottoming out.


Sent from my iPhone using SatelliteGuys App. For now.

Naturally the net loss has to slow down when there are fewer customers to lose.

 

[Nate Bargmann]

Driving around my local area there are now many more Dish antennas than DirecTV. Of course this is a microscopic sampling of the country at large. AT&T forcing upgrades as of this year and taking the opportunity to up the fees at the same time probably caused a number of the locals to switch like we did. At least we have a stable price for two years to see how things will look then.

 

[ChadT41]

Compared to Directvs almost 1 million loss, hmmm.

 

[ncted]

Driving around my local area there are now many more Dish antennas than DirecTV. Of course this is a microscopic sampling of the country at large. AT&T forcing upgrades as of this year and taking the opportunity to up the fees at the same time probably caused a number of the locals to switch like we did. At least we have a stable price for two years to see how things will look then.

A lot of DirecTV dishes went up after AT&T stopped selling Uverse for a while around here, now I see a lot of those being replaced by Dish dishes.

 

[glynnp]

This stuff is way above my pay grade. I was hoping Claude would be kind enough
to sort this out in the way only he can.

 

[TheKrell]

This stuff is way above my pay grade. I was hoping Claude would be kind enough to sort this out in the way only he can.

 

[jerryez]

Sling TV seems to be doing OK. How many streaming subscribers does Direct have? I am happy with Dish, but if I changed, Sling would probably be my choice.

 

[NYDutch]

Sling TV seems to be doing OK. How many streaming subscribers does Direct have? I am happy with Dish, but if I changed, Sling would probably be my choice.

The latest numbers I recall put Sling at about 2.5 million subscribers...

 

[ChadT41]

DTVN is 1.2M

 

[joewhite57]

This stuff is way above my pay grade. I was hoping Claude would be kind enough
to sort this out in the way only he can.

Complete with the”Claude” spin I’m sure.

 

[Claude Greiner]

Not really much I can say. Sling customers amount to 25% of the customer base.

How much longer till there are more sling customers than satellite customers ?

 

[rvvaquero]

How much longer till there are more sling customers than satellite customers ?

Three years, seven months, and sixteen days, give or take.

 

[Stargazer]

With a profit margin much less than satellite I am sure but their expense is much less too and with some price increases it will start to catch up. I knew years ago that internet streaming would take over as the primary source eventually.