DISH Network Q4 revenue $3.72 billionStaff Writer | February 22, 2017
DISH Network Corporation reported revenue totaling $3.72 billion for the fourth quarter ending December 31, 2016 compared to $3.78 billion for the corresponding period in 2015.
DISH Network Net income totaled $343 million
Diluted earnings per share were $0.70 for the fourth quarter, compared to a loss of $0.27 cents per share during the same period of 2015.
DISH includes all of its DISH and Sling branded subscribers in the company's total Pay-TV metrics, including in the Pay-TV subscriber, Pay-TV ARPU and Pay-TV churn rate numbers set forth below.
Sling TV subscribers are reported net of disconnects in our gross new Pay-TV subscriber activations.
In the fourth quarter, DISH activated approximately 694,000 gross new Pay-TV subscribers, compared to approximately 661,000 gross new Pay-TV subscribers in the year-ago period.
Net Pay-TV subscribers increased by approximately 28,000 in the fourth quarter, compared to a loss of approximately 12,000 in the fourth quarter of 2015.
Full-year 2016 review
For the year, DISH reported 2016 total revenue of $15.09 billion compared to $15.07 billion in 2015. Subscriber-related revenue in 2016 was $15.03 billion, compared to $14.95 billion in 2015.
Net income attributable to DISH Network in 2016 was $1.45 billion compared to $747 million in 2015. Diluted earnings per share were $3.05 in 2016, compared with $1.61 in 2015.
The company closed the fourth quarter with 13.671 million Pay-TV subscribers, compared to 13.897 million Pay-TV subscribers in the fourth quarter of 2015.
Ending Pay-TV subscriber count increased by approximately 166,000 subscribers during the third quarter 2016 as a result of the change in our calculation for our commercial accounts.
This had no impact on our gross new Pay-TV subscriber activations or net Pay-TV subscriber losses for the year ended Dec. 31, 2016.
Pay-TV ARPU was $88.66 during 2016 versus $86.79 in 2015. Pay-TV average monthly subscriber churn for 2016 was 1.83 percent compared to 1.71 percent in 2015. ■