Satellite television provider Dish Network Corp. (DISH) posted lower second-quarter net income attributable to the company of $226 million, or $0.50 per share, from $335 million, or $0.75 per share in the prior-year quarter. On average, 24 analysts polled by Thomson Reuters expected earnings per share of $0.68 for the quarter. Analysts' estimates typically exclude one-time items.
The company said that net income was negatively impacted by $43 million, as a result of the loss of the 148-degree orbital slot license in the quarter. Additional contributors to year-on-year net profit decline included higher subscriber-related expenses from higher programming costs and increased subscriber acquisition costs associated with its 16.3 percent growth in gross subscriber additions, including increased brand advertising.
Quarterly total revenue was $3.57 billion, compared with $3.59 billion for the corresponding period in 2011. Analysts estimated revenues of $3.64 billion for the quarter.
DISH Network's net subscribers decreased by nearly 10,000 during the second quarter, and the company ended the period with some 14.061 million subscribers.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.