Englewood, Co. –
reported a 22,000 net subscriber gain during the fourth quarter and
a 13 percent increase in total revenue to $3.63 billion.
The subscriber gains compared to a 111,000 net subscriber losses in
the third quarter, and resulted, in part, from heavy promotion of its
Blockbuster Movie Pass bundled services offering.
Dish acquired the video-rental chain out of bankruptcy last year
and launched a Blockbuster-branded streaming service in October.
In total for the year, Dish subscribers dropped 166,000 to a
total of 13.967 million.
The increase in total revenue, meanwhile, was up from $3.21
billion from the fourth quarter of 2010.
“Dish delivered a quarter and a year of strong growth in net
income and total revenue compared to the same period last year,” stated Joe
Clayton, DISH Network CEO and president. “By introducing new
Blockbuster-branded services, we’ve begun to turn the tide in subscriber losses
while continuing to face increased competitive pressures. We look forward to
the introduction of our new Hopper product this quarter, the most technically
advanced whole-home HD DVR in the world.”
Net income totaled $313 million for the quarter, ended Dec. 31,
2011, compared with $252 million a year ago.
For the year, Dish reported total revenue of $14.05 billion, up
11 percent from the $12.64 billion registered in the period a year ago.
Net income for the year totaled $1.52 billion, compared to $985
million for full year 2010.