Dish Reports Q4 Subscriber Gain

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Englewood, Co. -

Dish Network

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.

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