DISH Network Corp. is a leading satellite TV operator in the U.S. The company provides video services under the DISH brand. In addition, the company provides satellite broadband services, and wireline voice and broadband services under the dishNET brand.
DISH Network’s top-line growth may remain under pressure as the company’s failure to strike any deal with wireless operators to deploy a nationwide wireless network has been a major headwind.
Millions of DISH Network subscribers have been facing the risk of a blackout of Viacom channels after the two parties failed to ink a new carriage deal. Viacom has accused the satellite TV provider of making unreasonable demands for the pricing agreement. Another such blackout was faced by subscribers of DISH Network from NFL Networks where both the parties locked horns over carriage renewal fees, which have been deemed as too high by DISH.
However, the company is poised to benefit from its recent launch of a new version of its Internet TV service -- Sling TV, which will allow subscribers to stream on up to three different devices simultaneously for $20 a month. Thus, DISH Network’s efforts to diversify its business model from being a pure-play satellite-TV operator to an Internet TV operator should aid the company’s performance as it has emerged as a strong alternative to counter the competitive threat from low-cost video streaming operators.
DISH currently carries a Zacks Rank #3 (Hold). The company has generated a positive average earnings surprise of a substantial 125.77% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: DISH has outpaced Q2 earnings estimate. Our consensus earnings estimate called for an EPS (earnings per share) of 74 cents and the company reported EPS was 88 cents. Investors should note that these figures take out stock option expenses.
Revenue: DISH reported total revenue of $3,837 million lagging our estimate by $14 million.
Key States to Note: In the reported quarter, DISH lost 281,000 pay-TV (including satellite TV and Sling TV) customers. At quarter end, the company had 13.593 million pay-TV subscribers, down 2.4% year over year. The company also lost 15,000 high-speed broadband subscribers in the reported quarter. At quarter end, the company had 613,000 high-speed Internet subscribers, up 3% year over year.
Pay-TV churn rate was 1.96% against 1.71% in the year-ago quarter. Pay-TV ARPU (average revenue per user) was $89.98 compared with $87.91 in the prior-year quarter. Pay-TV average subscriber acquisition cost was $782 against $767 in the year-ago quarter.
Check back later for our full write up on this DISH Network earnings report later!
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DISH Network (DISH) Beats Q2 Earnings Lags Revenues
DISH Network Corp. is a leading satellite TV operator in the U.S. The company provides video services under the DISH brand. In addition, the company provides satellite broadband services, and wireline voice and broadband services under the dishNET brand.
DISH Network’s top-line growth may remain under pressure as the company’s failure to strike any deal with wireless operators to deploy a nationwide wireless network has been a major headwind.
Millions of DISH Network subscribers have been facing the risk of a blackout of Viacom channels after the two parties failed to ink a new carriage deal. Viacom has accused the satellite TV provider of making unreasonable demands for the pricing agreement. Another such blackout was faced by subscribers of DISH Network from NFL Networks where both the parties locked horns over carriage renewal fees, which have been deemed as too high by DISH.
However, the company is poised to benefit from its recent launch of a new version of its Internet TV service -- Sling TV, which will allow subscribers to stream on up to three different devices simultaneously for $20 a month. Thus, DISH Network’s efforts to diversify its business model from being a pure-play satellite-TV operator to an Internet TV operator should aid the company’s performance as it has emerged as a strong alternative to counter the competitive threat from low-cost video streaming operators.
DISH currently carries a Zacks Rank #3 (Hold). The company has generated a positive average earnings surprise of a substantial 125.77% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: DISH has outpaced Q2 earnings estimate. Our consensus earnings estimate called for an EPS (earnings per share) of 74 cents and the company reported EPS was 88 cents. Investors should note that these figures take out stock option expenses.
Revenue: DISH reported total revenue of $3,837 million lagging our estimate by $14 million.
Key States to Note: In the reported quarter, DISH lost 281,000 pay-TV (including satellite TV and Sling TV) customers. At quarter end, the company had 13.593 million pay-TV subscribers, down 2.4% year over year. The company also lost 15,000 high-speed broadband subscribers in the reported quarter. At quarter end, the company had 613,000 high-speed Internet subscribers, up 3% year over year.
Pay-TV churn rate was 1.96% against 1.71% in the year-ago quarter. Pay-TV ARPU (average revenue per user) was $89.98 compared with $87.91 in the prior-year quarter. Pay-TV average subscriber acquisition cost was $782 against $767 in the year-ago quarter.
DISH NETWORK CP Price and EPS Surprise
DISH NETWORK CP Price and EPS Surprise | DISH NETWORK CP Quote
Check back later for our full write up on this DISH Network earnings report later!
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