OneTRAK - Dish Network adds 237,000 subscribers in Q1 '10

Dish Network adds 237,000 subscribers in Q1 '10

Monday, May 10, 2010

By: Matt Stump

Dish Network continued its surprising turnaround story, adding 237,000 new subscribers in Q1 '10, after losing 94,000 in the same period a year ago.

Gross additions rose to 833,000 from 653,000 a year ago.

The growth did come at a cost, as SAC rose to $741 per subscriber, versus $659 a year ago,

Revenue increased 5% to $3.06 billion, and operating income rose 13.9% to $457 million.

Churn fell from 1.83% to 1.4%, and ARPU edged up from $70.03 to $71.18 per month.

In the past three quarters, Dish has added 727,000 subscribers to DirecTV's 355,000 subscribers.

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BY Karen Brown

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