DISH Network reports Q3 2017 financial results

DISH Network Corp. (NASDAQ: DISH) has reported revenue totaling USD 3.58 billion for the quarter ending September 30, 2017, compared to USD 3.77 billion for the corresponding period in 2016, the company said.

Subscriber-related revenue for the quarter totaled USD 3.55 billion, compared to USD 3.73 billion in subscriber-related revenue for the year-ago period.

Net income attributable to DISH Network totaled USD 297 million for the third quarter 2017, compared to net income was USD 318 million from the year-ago quarter. Diluted earnings per share for the quarter ending September 30, 2017, were USD 0.57, compared with USD 0.67 during the same period in 2016.

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 the company´s gross new Pay-TV subscriber activations.

During September 2017, Hurricane Maria caused extraordinary damage in Puerto Rico and the US Virgin Islands, resulting in a widespread loss of power and infrastructure. Given the devastation and loss of power, substantially all customers in those areas were unable to receive DISH service as of September 30, 2017.

In an effort to ensure customers would not be charged for services they were unable to receive, DISH proactively paused service for those customers.

DISH Network, through its subsidiaries, provides approximately 13.203 million pay-TV subscribers, as of September 30, 2017, with the highest-quality programming and technology with the most choices at the best value. DISH offers a high definition line-up with more than 200 national HD channels, the most international channels and award-winning HD and DVR technology. DISH Network Corporation is a Fortune 200 company.