Latest in Dish Network Earnings

Dish Network shed 129,000 net subscribers in the hurricane-heavy third quarter, leading to a revenue and profit downturn that undershot Wall Street estimates. Total revenue of $3.58 billion for the quarter that ended Sept. 30 was off a tick compared with $3.77 billion in the comparable period in 2016. Net income…

Those who follow Dish Network have their work cut out for them this morning as they try to make sense of the company’s year end report. It offers a full report for 2013, but just selected results for Q4 — and describes a new deal Dish made to transfer five of its satellites plus $11M to a sister company, Echostar, in…

Everyone expected the numbers to be up from last year which included a $730M charge to settle a legal dispute with AMC Networks. But Dish Network did even better than investors anticipated. It generated $314.9M in net income, up from a $158.5M loss, on revenues of $3.6B, +2.2%. The Street thought revenues would be a…

Losses at Blockbuster, and costs from acquisition of wireless spectrum, contributed to the dreariness of Dish Network’s Q2 report. The company had net income of $226M, -32.6% vs the same period last year, on revenues of $3.6B, -5.6%. The revenue figure was just slightly short of analysts’ forecasts. But earnings at 50…

UPDATE, 7:39 AM: The total being closed this quarter equals about a third of the 1,500 U.S. outlets Blockbuster had at the end of 2011 — and there may be more closings ahead. The company says in its annual report that it’s responding to the stores’ weak financial performance due to “increasing competition from video…

UPDATE, 10:55 AM: Dish Network CEO Joe Clayton was clearly talking about Warner Bros, although he didn’t single the studio out by name in his company’s conference call with analysts. Warners wants to make Blockbuster wait 28 days for new home videos, leading the rental operation that Dish bought in April to go to the…

UPDATE, 11:00 AM: No Charlie Ergen on today’s earnings call. But Dish Network’s new CEO Joe Clayton did an admirable job of playing cat-and-mouse with analysts who want to know whether the company will use Blockbuster and the wireless spectrum it’s acquiring to create a mega-video streaming service that wouldn’t have…