Dish Lost 10,000 Net Subscribers In Second Quarter

July 20, 2012 - 11:06 am | Category: Tech

Dish Network Corp, the No. 2 satellite television provider in the United States, lost fewer subscribers than expected in the second quarter, which sent its shares up more than 3 percent on Thursday.

The company said in a regulatory filing that it lost 10,000 net subscribers in the three months ended June 30. This beat estimates by Canaccord Genuity analyst Tom Eagan, who expected the company to lose 87,000 customers. It is also a vast improvement from a year ago when the company lost 135,000 subscribers.

The satellite provider, which ended the quarter with 14.1 million subscribers, has stemmed subscriber losses in the past few quarters. After shedding about 250,000 customers in the second and third quarters of last year, it has been consistently topping analysts’ estimates for subscriber growth.

“The improving customer results appear to confirm that the company continues to turn around its PayTV operations,” Eagan said in a research note on Thursday.