DISH Network (DISH) Q3 Earnings Beat, Revenues Down Y/Y
Zacks Investment Research | Nov 06, 2019 09:35PM ET
DISH Network (NASDAQ:DISH) reported third-quarter 2019 earnings of 66 cents per share, beating the Zacks Consensus Estimate by 11.9%. The figure, however, declined 19.5% year over year.
Revenues also declined 6.7% year over year to $3.17 billion but surpassed the consensus mark by 0.9%.
The United States revenues declined 6.6% year over year to $3.16 billion. Canada and Mexico revenues decreased 21.9% from the year-ago quarter to $11.5 million.
DISH exited the reported quarter with 9.494 million DISH TV subscribers, down 7.7%, and 2.686 million Sling TV subscribers, up 13.3%. Total Pay-TV subscribers were 12.180 million, down 3.8% year over year.
Quarter Details
Subscriber-related revenues (98.4% of revenues) declined 6.9% from the year-ago quarter to $3.12 billion. Equipment sales and other revenues increased 11.8% to $51.2 million.
Pay-TV video and related revenues fell 6.6% to $3.17 billion. Broadband revenues dropped 23.6% year over year to $46.3 million.
The company added approximately 148K net Pay-TV subscribers in the reported quarter. DISH had lost roughly 341K net Pay-TV subscribers in the year-ago quarter.
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