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DISH Network Beats Q2 Earnings and Revenues - Tale of the Tape

DISH Network Corp. ( DISH ) is a leading satellite TV operator in the U.S. The company provides video services under the DISH brand. In addition, the company provides satellite broadband services, and wireline voice and broadband services under the dishNET brand.

Over the last 3-4 years, the internal dynamics of the U.S. pay-TV industry have been gradually shifting from cable/satellite TV operators to large telecom operators and low-cost over-the-top service providers. Extensive network of fiber-based video services from telecom operators and the strong presence of online video streaming providers are posing significant threat to the existing cable TV business model. Meanwhile, cord-cutting has become a serious concern for major pay-TV operators. DISH is also facing all these negatives.

Nevertheless, earlier this year, DISH has launched its linear streaming Internet TV services, which include news and children's programs, as well as a video on-demand programming library. The service is called Sling TV. Furthermore, the company currently holds a strong portfolio of valuable wireless spectrums.

DISH currently carries a Zacks Rank #4 (Sell). The company has generated a positive average earnings surprise of a substantial 38.52% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: DISH significantly outpaced Q2 earnings estimate. Our consensus earnings estimate called for an EPS of 46 cents and the company reported EPS was 70 cents. Investors should note that these figures take out stock option expenses.

Revenue: DISH reported total revenue of $3,832.4 million surpassing our estimate by $44.4 million.

Key States to Note: In the reported quarter, DISH lost 81,000 video customers. At quarter end, the company had 13.932 million video subscribers, down 0.9% year over year. Quarterly high-speed broadband customer addition was 4,000. At quarter end, the company had 595,000 high-speed Internet subscribers, up 13.3% year over year. Pay-TV churn rate was 1.71% against 1.66% in the year-ago quarter. Pay-TV ARPU was $87.91 compared with $84.15 in the prior-year quarter. Pay-TV average subscriber acquisition cost was $767 against $846 in the year-ago quarter.

Check back later for our full write up on this DISH earnings report later!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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