Dish profit rises 38 percent on higher revenue per user

DENVER — Dish Network, the second largest U.S. satellite TV company after DirectTV, reported a 38 percent gain in fourth-quarter profit as it generated more revenue per user.

Its U.S. customer base reached about 14.1 million as it added 8,000 pay-TV subscribers on a net basis in the fourth quarter, according to the company. The average revenue generated per subscriber rose 5 percent to $81.24.

Dish’s net income for the quarter was $288 million ($0.63 per share), compared with $209 million ($0.46 per share) a year earlier.

Revenue rose about seven percent to $3.54 billion in the quarter.

Source: Reuters

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