Dish Loses 102,000 Subscribers, Most Ever
Company expects to lose more subscribers as marketing partnership with AT&T ended on February 1.
Dish Network lost 102,000 net subscribers in Q4 of 2008, its biggest-ever burn, according to Reuters.
With forecasting expected 20,000 additional subscribers, Dish’s stock dropped more than 10 percent on Monday. But it doesn’t look like it’ll get any better anytime soon.
The satellite service expects more subscribers to be lost this year because its marketing partnership with AT&T ended on February 1.
Not all numbers were down, however.
- Revenue was up 1 percent, hitting $2.92 billion
- Net income jumped to $216.6 million from $175 million one year prior
- Average revenue per user went up from $65.83 to $69.27
Dish ended the year down 102,000 subscribers from the end of 2007, totaling 13.68 million.
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