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The
second-largest U.S. satellite TV company by revenue said on
Wednesday that its average revenue per pay-TV user rose to
$87.91 in the second quarter from $84.15, a year earlier.
However, net subscriber losses in the business rose to about
81,000 from 44,000 and gross new activations fell to 638,000
from 656,000.
Dish has been losing pay-TV subscribers as rivals offer
discounts to both new and existing subscribers.
The company launched a cheaper Sling TV streaming service in
January to lure young viewers away from their cable or satellite
subscriptions.
Dish said it net added 4,000 broadband Internet subscribers in
the quarter, taking the total to about 595,000.
Net income attributable to Dish rose to $324.4 million, or 70
cents per share, in the quarter ended June 30 from $213.3
million, or 46 cents per share, a year earlier.
Total revenue increased 3.8 percent to $3.83 billion.
Analysts on average had expected a profit of 45 cents per share
and revenue of $3.79 billion, according to Thomson Reuters
I/B/E/S.
Dish shares closed at $65.40 on Tuesday.
(Reporting by Lehar Maan in Bengaluru; Editing by Kirti Pandey)
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