I reported last week that Echostar's DISH Network had received a higher than expected subscriber growth for the third quarter of this year. The company added 295,000 net new subscribers ended the period with an approximate total 12.755 million subscribers.Echostar has also reported a total revenue of $2.47 billion for the quarter ended Sept. 30 which is a 16% increase compared to $2.13 billion for the corresponding period last year.
Echostar's net income has decreased to $140 for the quarter compared to $209 million during last year's third quarter. However, last year's number did includ a non-recurring, non-cash benefit of about $73 million to recognize the tax benefits of previously reported tax losses.
Echostar are feeling happy and optimistic about the results. EchoStar chairman Charlie Ergen said the company's gross and net subscriber gains were the most the company has done in a quarter for some time.
1. "Echostar's financials look good"
Other than possibly turning off their DVRs and paying $110 million (which they've earmarked) to TiVo should they lose their appeal? ;)
Posted at 8:59PM on Nov 21st 2006 by Dave Zatz