DISH Network Reports Third Quarter 2019 Financial Results

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Nov 07, 2019, 06:05 ET

ENGLEWOOD, Colo., Nov. 7, 2019 /PRNewswire/ -- DISH Network Corporation (NASDAQ: DISH) today reported revenue totaling $3.17 billion for the quarter ending September 30, 2019, compared to $3.40 billion for the corresponding period in 2018.

Net income attributable to DISH Network totaled $353 million for the third quarter 2019, compared to net income of $432 million from the year-ago quarter. Diluted earnings per share for the quarter ending September 30, 2019 were $0.66, compared with $0.82 during the same period in 2018.

The company closed the third quarter with 12.18 million total Pay-TV subscribers, including 9.49 million DISH TV subscribers and 2.69 million Sling TV subscribers.

Net pay-TV subscribers increased approximately 148,000 subscribers in the third quarter, compared to a decline of approximately 341,000 in the third quarter 2018.

Year-to-Date Review
DISH Network's 2019 year-to-date revenue totaled $9.57 billion, compared to $10.31 billion in revenue from the same period last year. In the first nine months of 2019, net income attributable to DISH Network totaled $1.01 billion, compared with $1.24 billion during the same period last year.

Diluted earnings per share were $1.91 for the first nine months of 2019, compared with $2.35 during the same period in 2018.

Detailed financial data and other information are available in DISH Network's Form 10-Q for the quarter ended September 30, 2019 filed today with the Securities and Exchange Commission.

DISH Network will host its third quarter 2019 financial results conference call today at noon ET. Participant conference numbers: (888) 220-8451 (U.S.) and (323) 794-2590, Conference ID: 1466450.

A webcast replay will be available today on DISH's Investor Relations website, http://ir.dish.com, and will remain available for 48 hours.

About DISH
DISH Network Corporation is a connectivity company. Since 1980, it has served as a disruptive force, driving innovation and value on behalf of consumers. Through its subsidiaries, the company provides television entertainment and award-winning technology to millions of customers with its satellite DISH TV and streaming Sling TV services. Through its strategic spectrum portfolio and other assets, DISH is poised to enter the wireless market as a facilities-based provider of wireless services with a nationwide consumer offering and development of the first virtualized, standalone 5G broadband network in the U.S. DISH's OnTech Smart Services brand offers in-home installation of connected home devices and entertainment solutions. DISH Media serves as the company's advertising sales group delivering targeted advertising solutions. DISH Network Corporation (NASDAQ: DISH) is a Fortune 250 company.

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For more information on Sling TV, visit www.sling.com
For more information on OnTech Smart Services, visit www.ontechsmartservices.com
For more information on DISH Media, visit media.dish.com
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SOURCE DISH Network Corporation