DISH Network Reports Fourth Quarter 2009 Financial Results

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Mar 01, 2010, 06:00 ET

ENGLEWOOD, Colo., March 1 /PRNewswire-FirstCall/ -- DISH Network Corporation (Nasdaq: DISH) today reported total revenue of $2.96 billion for the quarter ended Dec. 31, 2009, a 1.4 percent increase compared with $2.92 billion for the corresponding period in 2008.

Net income attributable to common shareholders totaled $179 million for the quarter ended Dec. 31, 2009, compared with $217 million during the corresponding period in 2008. Diluted earnings per share were $0.40 for the quarter ended Dec. 31, 2009, compared with $0.48 during the corresponding period in 2008.

For the year ended Dec. 31, 2009, DISH Network reported total revenue of $11.66 billion compared with $11.62 billion for the year ended Dec. 31, 2008, an increase of 0.4 percent. DISH Network's net income attributable to common shareholders for the year ended Dec. 31, 2009, totaled $636 million, compared with $903 million for the year ended Dec. 31, 2008. Diluted earnings per share were $1.42 for the year ended Dec. 31, 2009, compared with $1.98 during the corresponding period in 2008.

DISH Network gained approximately 249,000 net subscribers during the quarter ended Dec. 31, 2009, giving the company approximately 14.100 million subscribers at year-end. The number of net subscribers gained for the full year ended Dec. 31, 2009 was approximately 422,000.

Detailed financial data and other information are available in DISH Network's Form 10-K for the annual period ended Dec. 31, 2009, filed today with the Securities and Exchange Commission.

About DISH Network

DISH Network L.L.C., a subsidiary of DISH Network Corporation (Nasdaq: DISH), provides more than 14 million satellite TV customers, as of March 1, 2010, with the highest quality programming and technology at the best value, including the lowest all-digital price nationwide. Customers have access to hundreds of video and audio channels, the most HD channels, the most international channels, state-of-the-art interactive TV applications, and award-winning HD and DVR technology including 1080p Video on Demand and the ViP® 722 HD DVR, a CNET and PC Magazine "Editors' Choice." DISH Network Corporation is included in the Nasdaq-100 Index (NDX) and is a Fortune 250 company. Visit www.dishnetwork.com, follow on Twitter, @dishnetwork (www.twitter.com/dishnetwork), or become a Fan on Facebook, www.facebook.com/dishnetwork.

DISH Network will host its Fourth Quarter and year-end 2009 financial results conference call today at noon ET. The dial-in number is (800) 616-6729.

SOURCE DISH Network Corporation