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Tag: DISH Network Corporation

  • Dish Network rev flat in ’16 despite declining pay-TV subs

    BENGALURU:  The fourth largest US pay-TV player Dish Network Corporation (DNC) reported almost flat revenues for the year ended 31 December 2016 (FY-16, current year, quarter ended 31 December 2016 – Q4-16, current quarter) as compared to the previous fiscal. Though Dish reported 2.164 million gross subscriber additions in FY-16, its net subscriber base declined by 392,000. 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. Last year the company lost approximately 81,000 pay-TV subscribers.

    Dish reported revenues of $15,094.56 million in FY-16 as compared to $15,069.90 million in the previous year. Subscriber related revenue increased to $15,033.94 million in the current year from $14,953.60 million in the previous year.

    Net income attributable to Dish in FY-16 was almost double (94.1 percent more) at $1,449.85 as compared to $749.09 million in FY-15. Consequently earnings per share also almost doubled (up 93.8 percent) in FY-16 at $3.12 as compared to $1.61 in the previous year.

    Pay-TV average monthly subscriber churn for 2016 was 1.83 percent compared to 1.71 percent in 2015.Dish reported higher pay-TV ARPU in the current year at $88.66 as compared to $86.79 in the previous year.

    Subscriber acquisition costs totalled $1.471 billion for FY-16, a decrease of $212 million or 12.6 percent compared to the same period in 2015. pay-TV SAC was $643 during FY-16 compared to $723 during the same period in 2015, a decrease of $80 or 11.1 percent. The company says  that this change was primarily attributable to an increase in Sling branded pay-TV subscriber activations and a decrease in hardware costs per activation, partially offset by an increase in advertising costs per activation. Subscriber acquisition costs for Sling branded pay-TV subscribers are significantly lower than those for DISH branded pay-TV subscribers, and therefore, the increase in Sling branded pay-TV subscriber activations during 2016 had a positive impact on pay-TV SAC.

    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. The company markets its Sling TV services primarily to consumers who do not subscribe to traditional satellite and cable pay-TV services. Sling TV services require an Internet connection and are available on multiple streaming-capable devices including TVs, tablets, computers, game consoles and smart phones.

    In addition, Dish bundles broadband and telephone services with its Dish branded pay-TV services. As of December 31, 2016, it had 0.580 million broadband subscribers in the United States. Dish lost approximately 43,000 net broadband subscribers during the FY-16 compared to the addition of approximately 46,000 net broadband subscribers during the same period in 2015. The company says that the net broadband subscriber losses during FY-16 primarily resulted from lower gross new broadband subscriber activations and a higher number of customer disconnects.

    Also Read:

    DISH buys EchoStar’s DBS & OTT assets; gives control over Sling TV customer experience

  • Q2-16: DISH Network reports 27% profit hike, loses 281K pay-TV subscribers

    Q2-16: DISH Network reports 27% profit hike, loses 281K pay-TV subscribers

    BENGALURU: DISH Network Corp. (DISH) reported 26.52 percent increase in its net profit for the quarter ended 30 June 2016 (Q2-16, current quarter) at $ 410.46 million as compared to $ 324.42 million in the corresponding year ago quarter. Despite activating approximately 527,000 gross new pay-TV subscribers, net pay-TV subscribers declined approximately 281,000 in Q2-16. Comparatively, in Q2-15 approximately 638,000 gross new pay-TV subscribers were added with a net loss of approximately 81,000 pay-TV subscribers.

    DISH reported almost flat revenue (grew by 0.12 percent) in the current quarter of $ 3,837.04 million as compared to revenue of $ 3,832.29 million in Q2-15. Subscriber related revenue in Q2-16 grew 0.7 percent to $3,826.22 million as compared to $3,801.42 million in Q2-15.

    EBIDTA in Q2-16 declined slightly (2.7 percent) to $ 899.54 million from $ 924.45 million in the corresponding year ago quarter.

    Subscribers, ARPU, SAC

    The company closed Q2-16 with 13.593 million pay-TV subscribers, compared to 13.932 million pay-TV subscribers at the end Q2-2015.

    DISH lost approximately 15,000 net broadband subscribers in the second quarter, bringing its broadband subscriber base to approximately 613,000.

    Pay-TV ARPU for Q2-16 totalled $89.98, compared to Q2-2015 pay-TV ARPU of $ 87.91. Pay-TV subscriber churn rate in the current quarter was higher at 1.96 percent versus 1.71 percent for Q2-2015.

    Pay-TV subscriber acquisition cost (SAC) in Q2-16 was $353.08 million as compared to $ 405.70 million in Q2-15.  Pay-TV SAC was $782 per subscriber during Q2-16 compared to $767 during Q2-15 an increase of $15 or 1.9 percent.  

    DISH says that this change was primarily attributable to an increase in advertising costs per activation, partially offset by a decrease in hardware costs per activation. The decrease in hardware costs per activation was primarily due to a higher percentage of remanufactured receivers being activated on new DISH branded pay-TV subscriber accounts and by a reduction in manufacturing costs related to certain receiver systems. This decrease was partially offset by an increase in the percentage of new DISH branded pay-TV subscriber activations with Hopper 3 receiver systems, which have a higher cost per unit than the prior generation Hopper receiver systems.

    Notes

    It may be noted that DISH includes all of its Sling TV 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 DISH’s gross new pay-TV subscriber activations. The Sling branded pay-TV services consist of, among other things, live, linear streaming over-the-top (OTT) internet-based domestic, international and Latino video programming services.

    DISH markets broadband services under the dishNET™ brand in the United States.  In addition to the dishNET branded satellite broadband service, DISH also offers wireline voice and broadband services under the dishNET brand as a competitive local exchange carrier primarily to consumers living in a 14-state region in the western United States.  It primarily bundles dishNET branded services with its DISH branded pay-TV service.

    During Q1-2016 DISH made its next generation Hopper, the Hopper 3, availableto customers nationwide.  Among other things, the Hopper 3 features 16 tuners, delivers an enhanced 4K Ultra HD experience, and supports up to seven TVs simultaneously says the company.

  • Q2-16: DISH Network reports 27% profit hike, loses 281K pay-TV subscribers

    Q2-16: DISH Network reports 27% profit hike, loses 281K pay-TV subscribers

    BENGALURU: DISH Network Corp. (DISH) reported 26.52 percent increase in its net profit for the quarter ended 30 June 2016 (Q2-16, current quarter) at $ 410.46 million as compared to $ 324.42 million in the corresponding year ago quarter. Despite activating approximately 527,000 gross new pay-TV subscribers, net pay-TV subscribers declined approximately 281,000 in Q2-16. Comparatively, in Q2-15 approximately 638,000 gross new pay-TV subscribers were added with a net loss of approximately 81,000 pay-TV subscribers.

    DISH reported almost flat revenue (grew by 0.12 percent) in the current quarter of $ 3,837.04 million as compared to revenue of $ 3,832.29 million in Q2-15. Subscriber related revenue in Q2-16 grew 0.7 percent to $3,826.22 million as compared to $3,801.42 million in Q2-15.

    EBIDTA in Q2-16 declined slightly (2.7 percent) to $ 899.54 million from $ 924.45 million in the corresponding year ago quarter.

    Subscribers, ARPU, SAC

    The company closed Q2-16 with 13.593 million pay-TV subscribers, compared to 13.932 million pay-TV subscribers at the end Q2-2015.

    DISH lost approximately 15,000 net broadband subscribers in the second quarter, bringing its broadband subscriber base to approximately 613,000.

    Pay-TV ARPU for Q2-16 totalled $89.98, compared to Q2-2015 pay-TV ARPU of $ 87.91. Pay-TV subscriber churn rate in the current quarter was higher at 1.96 percent versus 1.71 percent for Q2-2015.

    Pay-TV subscriber acquisition cost (SAC) in Q2-16 was $353.08 million as compared to $ 405.70 million in Q2-15.  Pay-TV SAC was $782 per subscriber during Q2-16 compared to $767 during Q2-15 an increase of $15 or 1.9 percent.  

    DISH says that this change was primarily attributable to an increase in advertising costs per activation, partially offset by a decrease in hardware costs per activation. The decrease in hardware costs per activation was primarily due to a higher percentage of remanufactured receivers being activated on new DISH branded pay-TV subscriber accounts and by a reduction in manufacturing costs related to certain receiver systems. This decrease was partially offset by an increase in the percentage of new DISH branded pay-TV subscriber activations with Hopper 3 receiver systems, which have a higher cost per unit than the prior generation Hopper receiver systems.

    Notes

    It may be noted that DISH includes all of its Sling TV 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 DISH’s gross new pay-TV subscriber activations. The Sling branded pay-TV services consist of, among other things, live, linear streaming over-the-top (OTT) internet-based domestic, international and Latino video programming services.

    DISH markets broadband services under the dishNET™ brand in the United States.  In addition to the dishNET branded satellite broadband service, DISH also offers wireline voice and broadband services under the dishNET brand as a competitive local exchange carrier primarily to consumers living in a 14-state region in the western United States.  It primarily bundles dishNET branded services with its DISH branded pay-TV service.

    During Q1-2016 DISH made its next generation Hopper, the Hopper 3, availableto customers nationwide.  Among other things, the Hopper 3 features 16 tuners, delivers an enhanced 4K Ultra HD experience, and supports up to seven TVs simultaneously says the company.

  • Q1-2016: Dish Network reports higher revenue despite subscriber decline on higher ARPU

    Q1-2016: Dish Network reports higher revenue despite subscriber decline on higher ARPU

    BENGALURU:  US Pay-TV player Dish Network Corporation (DNC) reported 1.7 percent higher  year-on-year (YoY) total revenue for the quarter ended 31 March, 2016 (Q1-2016, current) at $3,787.24 million as compared to $3,724.23 million in the year ago quarter. Subscriber related revenue increased 2.2 per cent YoY to $3,775.48 million in the current quarter as compared to $3,693.53 million in Q1-2015. The company lost 139,000 Pay-TV subscribers. Its subscriber base in the current year declined 1 per cent to 13.874 million in the current year as compared to 14.013 million in Q1-2015.

    The company reported 2.6 per cent growth in average revenue per user (ARPU) in Q1-2016 to $87.94 from $85.73 in the corresponding year ago quarter. DNC says that increase in Pay-TV ARPU was primarily attributable to the DISH branded Pay-TV programming package price increases in February 2016 and 2015. These increases were partially offset by a shift in DISH branded Pay-TV programming package mix, an increase in Sling TV subscribers and a decrease in premium and pay-per-view revenue.  The company says that Sling TV subscribers generally have lower priced programming packages than DISH branded Pay-TV subscribers, and therefore, to the extent  that Sling TV subscribers increase, it has a negative impact on Pay-TV ARPU.

    DNC’s subscriber churn declined by a single basis point to 1.63 per cent in the current quarter as compared to 1.64 per cent in Q1-2015. DNC added 657,000 gross subscribers in Q1-2016 as compared to 723,000 subscribers in Q1-2015. The company says that its Pay-TV churn rate continued to be adversely affected by   increased competitive pressures, including aggressive marketing, bundled discount offers combining broadband, video and/or wireless services and other discounted promotional offers, as well as cord cutting.

    DNC reported lower subscriber acquisition costs in the current quarter at $648 per subscriber as compared to $667, or a drop of 2.9 per cent or $19 per subscriber. DNC says that this change was primarily attributable to a   decrease in hardware costs per activation. The decrease in hardware costs per activation was driven by a higher percentage of remanufactured receivers being activated on new DISH branded pay-TV subscriber accounts and by a reduction in manufacturing costs related to certain receiver systems

    DNC reported 628,000 broadband subscribers in Q1-2016 as compared to 591,000 subscribers in Q1-2015

    Net income attributable to DNC increased 10.8 per cent to $389.29 million in the current quarter as compared to $351.49 million in Q1-2015.

  • Q1-2016: Dish Network reports higher revenue despite subscriber decline on higher ARPU

    Q1-2016: Dish Network reports higher revenue despite subscriber decline on higher ARPU

    BENGALURU:  US Pay-TV player Dish Network Corporation (DNC) reported 1.7 percent higher  year-on-year (YoY) total revenue for the quarter ended 31 March, 2016 (Q1-2016, current) at $3,787.24 million as compared to $3,724.23 million in the year ago quarter. Subscriber related revenue increased 2.2 per cent YoY to $3,775.48 million in the current quarter as compared to $3,693.53 million in Q1-2015. The company lost 139,000 Pay-TV subscribers. Its subscriber base in the current year declined 1 per cent to 13.874 million in the current year as compared to 14.013 million in Q1-2015.

    The company reported 2.6 per cent growth in average revenue per user (ARPU) in Q1-2016 to $87.94 from $85.73 in the corresponding year ago quarter. DNC says that increase in Pay-TV ARPU was primarily attributable to the DISH branded Pay-TV programming package price increases in February 2016 and 2015. These increases were partially offset by a shift in DISH branded Pay-TV programming package mix, an increase in Sling TV subscribers and a decrease in premium and pay-per-view revenue.  The company says that Sling TV subscribers generally have lower priced programming packages than DISH branded Pay-TV subscribers, and therefore, to the extent  that Sling TV subscribers increase, it has a negative impact on Pay-TV ARPU.

    DNC’s subscriber churn declined by a single basis point to 1.63 per cent in the current quarter as compared to 1.64 per cent in Q1-2015. DNC added 657,000 gross subscribers in Q1-2016 as compared to 723,000 subscribers in Q1-2015. The company says that its Pay-TV churn rate continued to be adversely affected by   increased competitive pressures, including aggressive marketing, bundled discount offers combining broadband, video and/or wireless services and other discounted promotional offers, as well as cord cutting.

    DNC reported lower subscriber acquisition costs in the current quarter at $648 per subscriber as compared to $667, or a drop of 2.9 per cent or $19 per subscriber. DNC says that this change was primarily attributable to a   decrease in hardware costs per activation. The decrease in hardware costs per activation was driven by a higher percentage of remanufactured receivers being activated on new DISH branded pay-TV subscriber accounts and by a reduction in manufacturing costs related to certain receiver systems

    DNC reported 628,000 broadband subscribers in Q1-2016 as compared to 591,000 subscribers in Q1-2015

    Net income attributable to DNC increased 10.8 per cent to $389.29 million in the current quarter as compared to $351.49 million in Q1-2015.

  • Dish files reply with FCC on proposed Time Warner Cable, Merger, says not in public interest

    Dish files reply with FCC on proposed Time Warner Cable, Merger, says not in public interest

    MUMBAI: Dish Network Corporation has filed a reply with the Federal Communications Commission (FCC) countering arguments made by Charter Communications, Inc. (Charter), Time Warner Cable, Inc. (TWC) and Bright House Net works (BHN) defending t he proposed merger between t he companies. In t he reply, DISH out lines how t he applicant s have f ailed t o prove t hat t his proposed merger is in t he public interest and reiterates its call for t he FCC t o deny the merger.

     

    “If the proposed merger is approved, 90 percent of the nation’s high speed broadband homes would be cont rolled by two companies, and t he combined ‘New Charter’ would have every incentive t o sabot age OTT services like Sling TV that compete with the old school cable bundle,” said Jeffrey Blum, Dish senior vice president and deputy general counsel. “The proposed merger is harmful for consumers, competition and innovation, and should be denied.”

     

    Following are key point s DISH makes in today’s filing. The complete filing can be found here.

     

    Merger Will Not Serve the Public Interest:

     

    New Charter will have an increased incentive and ability to Harm OVDs:  New Charter would have a particularly heightened incentive t o discriminate against competing OVD services, especially live streaming services like Sling TV – which is a total substitute for linear pay television.

     

    New Charter is Likely t o Increase Broadband Prices, Further Prejudicing Rival OVDs:  New Charter will be able t o deploy another win- win strategy t o make it s broadband business more profitable, while still protecting its linear video business: raise t he price of broadband accesses it her directly or indirectly.

     

    T he Merger Will Create a Dominant Duo poly wit h t he Incentive t o Engage in Anti-Competitive Parallel Conduct:  As Dish explained in it s Pet it ion t o Deny, t his transact ion will create a broadband duopoly, with Comcast and New Charter cont rolling about 90 percent of the high- speed broadband homes in t he country. Parallel action, with one of the two following the other, will be enough to foreclose an OVD from almost all high- speed homes in t he country.

     

    T he Merger “Benefits” are Nothing More than Repackaged Plans and Conjecture: Charter also f ails t o provide any evidence t hat t he combination of Charter wit h TWC and BHN is necessary t o achieve many, if not all, of the benefit s it  t out s. From infrastructure through jobs and cost savings, Charter has offered lit t le more than recycled (non- merger- specific) business plans and conjecture. 

  • Q3-2015: Dish Network net income up 34.2%; ARPU up 2.7%; subscriber base down

    Q3-2015: Dish Network net income up 34.2%; ARPU up 2.7%; subscriber base down

    BENGALURU: Dish Network Corporation reported revenue totalling $3.73 billion for the quarter ending 30 September, 2015 (current quarter, Q3-2015), compared to $3.68 billion for the corresponding period in 2014. Subscriber related revenue increased to $3.7 billion from $3.65 billion in the year-ago period.

     

    Net income attributable to Dish Network totalled $196 million for the current quarter, compared to net income of $146 million from the year-ago quarter. Diluted earnings per share for Q3-2015 were $0.42, compared with $0.31 during Q3-2014.

     

    For Q3-2015 and 9M-2015, Dish has included all of its Sling TV live, linear streaming over-the-top Internet-based television services 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 included net of disconnects.

     

    In the current quarter, Dish activated approximately 751,000 gross new Pay-TV subscribers, compared to approximately 691,000 gross new Pay-TV subscribers in Q3-2015. Net Pay-TV subscribers declined approximately 23,000 in Q3-2015, compared to a loss of approximately 12,000 in the third quarter of 2014.

     

    The company closed Q3-2015 with 13.909 million Pay-TV subscribers, compared to 14.041 million Pay-TV subscribers at the end Q3-2014. Pay-TV ARPU for the third quarter totalled $86.33, compared to the year-ago period’s Pay-TV ARPU of $84.39. Pay-TV subscriber churn rate was 1.86 per cent versus 1.67 per cent Q3-2014.

     

    Dish claims that its added approximately 13,000 net broadband subscribers in the current quarter, bringing its broadband subscriber base to approximately 608,000.

  • Dish Network launches Sling TV for on the go devices including tablets and smartphones

    Dish Network launches Sling TV for on the go devices including tablets and smartphones

    BENGALURU: Sling TV L.L.C., a subsidiary of Dish Network Corporation announced that it will launch Sling TV, a live, over-the-top television service, to customers in the US, in the first quarter of 2015. Sling TV will deliver live sports, lifestyle, family, news and information channels, Video-On-Demand entertainment and the best of online video to broadband-connected devices at home and on-the-go. Priced at US$20 per month, the service will require no commitment, contract, credit check or hardware installation, says a Dish Network release.

    At launch, subscribers can watch live TV by downloading the app to supported versions of iOS and Android, or by visiting the upcoming Sling website from Macs and PCs. Sling TV is designed to deliver a high-quality television experience inside and outside the home, anywhere a wired, Wi-Fi or mobile broadband connection is available. The service is delivered over an IP-based content delivery system that leverages adaptive bitrate streaming technology. This allows for the highest quality streaming experience possible regardless of network quality fluctuations or location says Dish Networks.

    “Sling TV provides a viable alternative for live television to the millennial audience,” said Dish Network President and CEO Joseph P Clayton. “This service gives millions of consumers a new consideration for pay-TV; Sling TV fills a void for an underserved audience.”

    “Consumers can now watch their favourite shows on their favourite devices that they already use to watch video. Live television, including ESPN, for $20 per month with no commitment or contract, is a game changer,” said Sling TV CEO Roger Lynch. “The arrival of Sling TV lets consumers, who’ve embraced services like Netflix and Hulu, take more control of their video entertainment experience.”

    Supported internet-connected devices for Sling TV are expected to include Amazon Fire TV, Amazon Fire TV Stick, Google’s Nexus Player, select LG Smart TVs, Roku players, Roku TV models, select Samsung Smart TVs, Xbox One, iOS, Android, Mac and PC. Sling TV expects to announce its availability on additional streaming devices and smart TVs in the coming months.

    At launch, Sling TV is offering a core programming package with live and Video-On-Demand shows, sports, movies and online video, as well as two optional add-on packs. Customers will be able to pause, rewind and fast-forward most live channels and Video-On-Demand content. For certain channels, the service includes a 3-day replay feature that gives customers the ability to watch some shows that have aired in the past three days; no DVR is needed. Sling TV’s features are available across all supported platforms.

    Priced at US$ 20 per month, ‘The Best of Live TV’ core package includes 12 Nielsen-rated sports, lifestyle, family and news networks: ESPN, ESPN2, TNT, TBS, Food Network, HGTV, Travel Channel, Adult Swim, Cartoon Network, Disney Channel, ABC Family and CNN. This package additionally features an array of Video-On-Demand entertainment and the best of online video with unique content from Maker Studios, the global leader in online short-form video.

    Consumers can tailor their experience with add-on packs for access to additional programming, at US$ 5 per month. Sling TV will offer a ‘Kids Extra’ add-on with Disney Junior, Disney XD, Boomerang, Baby TV and Duck TV, and a ‘News & Info Extra’ add-on with HLN, Cooking Channel, DIY and Bloomberg TV. A ‘Sports Extra’ package is coming soon says the company. Sling TV expects to expand its core package, Video-On-Demand content, online video and add-on packs throughout 2015.
     
    Sling TV is an emerging over-the-top service that is independent from Sling Media’s line of Slingbox products and services. Sling Media is the leading provider of multi-screen TV solutions giving consumers the ability to access their live and recorded traditional pay-TV service anywhere in the world, on any connected device.
     

     

  • Higher ‘other expense’ pares Dish Network PAT to less than half in Q3-2014

    Higher ‘other expense’ pares Dish Network PAT to less than half in Q3-2014

    BENGALURU:  US pay-TV player Dish Network Corporation (Dish Network) reported net income after taxes of $ 145.52 million ($ 14.552 crore) in Q3-2014, which was less than half the US$ 414.91 million reported during the year ago quarter. Year to date, for 9M-2014, the company’s net income increased by 2.9 per cent to $ 534.76 million from $ 519.45 million in 9M-2013.

     

    Dish Network reported ‘other expense’ of $ 185.39 million in Q3-2014 as compared to the $ 38.93 million in Q3-2013. For 9M-2014, the company reported more than double the other expense at $ 478.13 million as compared to the $ 226.18 million in 9M-2013.

     

    Here are excerpts of the Dish Network’s own review in its press release:

    Dish Network reported revenue totalling $ 3.68 billion for the quarter ending 30 September 2014, compared to $ 3.51 billion for the corresponding period in 2013. Subscriber-related revenue increased 5.3 percent to $ 3.65 billion from $3.46 billion in the year-ago period.

     

    Net income attributable to Dish Network totalled $ 146 million for the quarter ending 30 September 2014, compared to net income of $315 million from the year-ago quarter. Diluted earnings per share for the quarter were $0.31, compared with $0.68 during the same period in 2013.

     

    Pay-TV ARPU for the third quarter totalled $ 84.39, compared to the year-ago period’s pay-TV ARPU of $ 80.98. Pay-TV subscriber churn rate increased slightly to 1.67 percent versus 1.66 percent for third quarter 2013.

     

    Total pay-TV customers decreased by approximately 12,000 in the quarter. Dish Network closed the third quarter with 14.041 million pay-TV subscribers, compared to 14.049 million pay-TV subscribers at the end of third quarter 2013. Dish Network activated approximately 691,000 gross new pay-TV subscribers, compared to approximately 734,000 gross new pay-TV subscribers in the prior year’s third quarter.

     

    Dish Network added approximately 28,000 net broadband subscribers in the third quarter, bringing its broadband subscriber base to approximately 553,000. Dish Network added approximately 75,000 net broadband subscribers in the third quarter 2013.

     

    Year-to-Date Review

     

    For the first nine months of 2014, Dish Network’s revenue of $ 10.96 billion increased 5.7 percent, compared to $ 10.37 billion in revenue from the same period last year. Subscriber-related revenue increased 5.7 percent to $10.85 billion in the first nine months of 2014 from $ 10.26 billion from the year-ago period. Year to date, net income attributable to Dish Network totalled $ 535 million compared with $ 519 million during the same period last year. Diluted earnings per share were $ 1.16 for the first nine months of 2014, compared with $ 1.13 during the same period in 2013.

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