Dish Q1 Earnings: ARPU Growth Compensates For Pay-TV Subscriber Decline
Dish Network (NASDAQ:DISH) reported strong Q1 2016 earnings Wednesday, with overall revenues growing 2% year-over-year (y-o-y) to $3.79 billion and diluted earnings per share rising about 10.5% y-o-y to $0.84. [1] Dish’s pay-TV subscriber base continued to shrink, but growth in ARPU was the main reason for pay-TV revenue growth. On the earnings call, Dish’s management stated that they could potentially participate as a bidder in the FCC’s upcoming incentive auction. [2] However, they declined to elaborate on their bidding intentions and strategy due to the FCC’s anti-collusion rules. The management also stated that the company’s options are still open in terms of how they want to use their current spectrum holdings.
Our price estimate for Dish stands at $63, implying a premium of more than 30% to the market.
The following table provides an overview of the company’s earnings.
- With Echostar Merger Approaching, What To Expect From Dish’s Q3 Results?
- Can Dish Network Stock Return To Its Pre-Inflation Shock Highs?
- Dish Stock Has Big Upside Potential To Its Pre-Inflation Peak
- How Will The Cyber Attack Impact Dish’s Q1 Results?
- Is Dish Network Stock A Buy Despite Many Headwinds?
- Will Dish Network Stock Continue To Underperform?
Have more questions about Dish Network? See the links below:
- What Is Dish Network’s Revenue & Earnings Breakdown Based On Expected 2016 Results?
- What’s Dish Network’s Fundamental Value Based On Expected 2016 Results?
- How Has Dish Network’s Revenue Composition Changed In The Last Five Years?
- Why Have Dish Network’s Revenues Increased ~20% While EBITDA Has Decreased ~20% In The Last Five Years?
- By What Percentage Can Dish Network’s Revenues Grow Over the Next Five Years?
- How Are Dish Network’s Revenue & EBITDA Composition Expected To Change By 2020?
Notes:
Global Large Cap | U.S. Mid & Small Cap | European Large & Mid Cap |More Trefis Research
Notes:- DISH Network Reports First Quarter 2016 Financial Results, April 20, 2016, Dish Network Press Release [↩]
- DISH Network’s (DISH) CEO Charlie Ergen on Q1 2016 Results – Earnings Call Transcript, April 20, 2016, Seeking Alpha [↩]