Dallas, Texas 05/09/2014 (FINANCIALSTRENDS) – Dish Network Corp. (NASDAQ: DISH) reported its Q1 2014 results. The company posted earnings per share of $0.38 on its revenues of $3.59B. In that same period of the previous year, it reported its adjusted EPS of $0.47 on the revenues of $3.38B. Te Q1 results also compare to the average analyst projections for EPS of $0.43 & $3.58B in revenues. At the end of the Q1, the company reported 14.1M pay-TV subscribers and also said that it added around 40,000 net new-pay TV subscribers, which is an improvement of 10% y-o-y because of the lower churn rate. The gross subscriber-additions totaled around 639,000, which is a drop of around 2.3% from the same quarter in the previous year.
Subscriber base increases
DISH Network Corp (NASDAQ:DISH) also added its net 53,000 broadband-subscribers in this quarter, down from the additions of around 66,000 in its year-ago quarter. The gross additions were around flat and stood at 83,000 new subscribers. The broadband revenue doubled to $83M. The average revenue/ user for its pay-TV service totaled $82.36/ month in the Q1, an increase from $78.44 in the previous year, primarily because of the subscription-fee increases. In comparison with its rival DirecTV, DISH Network Corp (NASDAQ:DISH) had an okay quarter.
The former claims over 20M U.S. subscribers & its average revenue/ user climbed to just above $100 per month. But the company’s net addition of 40,000 outstripped DTv’s 12,000, & Dish’s churn rate was also slightly lower, 1.42% -1.45% for DirecTV. DISH Network Corp (NASDAQ:DISH) did not offer any guidance, but the average analysts’ projections are that the company will post EPS of $0.52 in the Q2 on revenues of $3.68B. The full-year estimates are EPS of $1.80 & revenues of $14.68 billion. DISH Network Corp has being trying desperately to now expand its offerings in areas apart from pay TV, but to date , it has not been able to make a really big deal that it seeks.