Tuesday, August 9, 2005

Echostar Reports Slower Growth for DISH

Echostar said its DISH Network added approximately 225,000 net new subscribers for the quarter ended June 30, 2005, compared to approximately 340,000 net new subscribers during the same period in 2004, a decrease of approximately 33.8%. There were approximately 799,000 gross new subscribers for the quarter, compared to approximately 849,000 gross new subscribers during the same period in 2004.


This gives the company approximately 11.455 million DISH Network subscribers compared to approximately 10.125 million subscribers at June 30, 2004, an increase of approximately 13.1%.


The company cited a number of factors for thee decrease in gross new subscribers, including a decline in sales under its co-branding agreement with SBC. During Q2, SBC shifted its DISH Network marketing and sales efforts to focus on limited geographic areas and customer segments, as it deploys its own wireline network for delivering video services.


DISH Network "Subscriber-related revenue" totaled $1.990 billion for the three months ended June 30, 2005, an increase of $329.1 million or 19.8% compared to the same period in 2004.


ARPU was approximately $58.46 during the three months ended June 30, 2005 and approximately $55.59 during the same period in 2004.
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