Dish Network Corp. on Tuesday revealed losing 135,000 subscribers in the second quarter, but revenues climbed 13.3 percent year over year to $3.59 billion as the company brought home a bigger profit.
Englewood, Colo.-based DISH ended the month of June with roughly 14.056 million customers.
Dish Network President and CEO Joe Clayton largely attributed subscriber losses “to increased competitive pressures, including higher levels of discounting."
DISH posted $335 million in net income attributable to common shareholders, representing 30.3 percent growth over the same period last year when the company earned a profit of $257 million.
“DISH Network delivered another quarter of strong growth in revenue and net income," Clayton said in a statement. “The second quarter was also marked by several other achievements including our purchase of most of the Blockbuster assets, settlement of the TiVo litigation, and renewal of a multi-year partnership with Frontier Communications, offering DISH Network’s digital TV entertainment to Frontier’s nearly 4 million customers in 27 states."
Last week, Dish Network’s satellite television peer DirecTV revealed that its second-quarter growth slowed in the United States – the company only added about one-fourth the number of customers (26,000) it had in the same period a year ago. But revenues at DirecTV rose 13 percent to $6.60 billion, thanks partially to strong growth in Latin America, where the company added 472,000 subscribers.
DirecTV ended the quarter with 19.43 million U.S. customers.
