Dish reported lower revenue and net income in Q1 of 2017

DISH Network reported revenue totaling $3.68 billion for the quarter ending March 31, 2017, compared to $3.83 billion for the corresponding period in 2016. Subscriber-related revenue for the quarter totaled $3.64 billion, compared to $3.78 billion in subscriber-related revenue for the year-ago period.

Net income attributable to DISH Network totaled $376 million for the quarter ending March 31, 2017, compared to net income of $400 million from the year-ago quarter.

In the first quarter, DISH activated approximately 547,000 gross new Pay-TV subscribers, compared to approximately 657,000 gross new Pay-TV subscribers in the prior year’s first quarter. Net Pay-TV subscribers declined approximately 143,000 in the first quarter, compared to a decline of approximately 23,000 in the first quarter 2016.

The company closed the first quarter with 13.528 million Pay-TV subscribers, compared to 13.874 million Pay-TV subscribers at the end of first quarter 2016.

Pay-TV ARPU for the first quarter totaled $86.55, compared to the year-ago period’s Pay-TV ARPU of $87.94. Pay-TV subscriber churn rate was 1.69 percent versus 1.63 percent for first quarter 2016.

DISH lost approximately 25,000 net broadband subscribers in the first quarter, bringing its broadband subscriber base to approximately 555,000.