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The
second-largest U.S. satellite TV company by revenue said on
Monday its average revenue per pay-TV user rose to $86.33 in the
third quarter from $84.39 a year earlier.
Dish added about 13,000 broadband subscribers on a net basis in
the quarter, bringing its broadband subscriber base to about
608,000.
The company has been attempting to woo young viewers away from
their cable or satellite subscriptions to its less costly Sling
TV streaming service, which it launched in January.
Dish has been losing pay-TV subscribers in an increasingly
competitive market as rivals offer discounts to both new and
existing subscribers.
The company lost about 23,000 pay-TV subscribers on a net basis
in the quarter ended Sept. 30, compared with a loss of about
12,000 a year earlier.
DirecTV merged with AT&T Inc <T.N> in July to form the biggest
pay-TV company, which allows the combined company to offer
bundled services that Dish cannot, according to research firm
Trefis.
Net income attributable to Dish rose 34.2 percent to $196
million, or 42 cents per share.
Total revenue rose to $3.73 billion from $3.68 billion.
Analysts on average had expected a profit of 39 cents per share
and revenue of $3.79 billion, according to Thomson Reuters
I/B/E/S.
Dish's shares closed at $63.74 on the Nasdaq on Friday. Up to
the close, the shares had fallen 12.6 percent this year.
(Reporting by Anya George Tharakan in Bengaluru; Editing by Maju
Samuel)
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