Dish Network added about 14,000 net new video subscribers in the fourth quarter of 2012, ending the year with 14.05 million, compared to 13.96 million at the end of the prior year.
Dish also added about 78,000 net broadband subscribers in 2012, compared to a loss of approximately 5,000 subscribers in 2011.
Dish Network reported 2012 total revenue of $14.27 billion, compared to $14 billion in 2011, an increase of 1.6 percent. Total revenue for the fourth-quarter 2012 was $3.59 billion, compared to revenues of $3.63 billion in the year-ago quarter.
The decrease in the full-year net income was due to higher subscriber-related expenses driven by programming costs, increased subscriber acquisition costs from higher gross additions, as well as certain one-time items, including the Voom litigation settlement expense. Additionally, the decrease in year-over-year net income was affected by the 2011 reversal of accrued expenses related to the company’s TiVo litigation.
“In addition to the landmark introductions of our Hopper Whole-Home HD DVR, the successful launch of dishNET and the developments with our wireless spectrum, one of our key stories of the year was the change in our customer trajectory,” said Joseph Clayton, Dish’s president and CEO. “During 2012, Dish added about 89,000 net pay-TV subscribers after having lost approximately 166,000 net pay-TV subscribers in 2011.”
Separately, in advance of its earnings call, EchoStar reported total revenue of $786 million for the fourth-quarter 2012, compared to $834 million for the corresponding period in 2011. Net Q4 income was $26.2 million, compared with a net loss of $12.9 million in the like period a year ago.
– The Associated Press contributed to this report
Dish Network added about 14,000 net new video subscribers in the fourth quarter of 2012, ending the year with 14.05 million, compared to 13.96 million at the end of the prior year. Dish also added about 78,000 net broadband subscribers in 2012.