Dish Network, the paid satellite-TV service, posted an 88% profit growth while they lost hundreds of thousands of customers.
On Monday, Dish announced that they lost 133,000 customers for their TV service in the fourth quarter. Last year, the company lost almost 200,000 during the same time period.
Peter Supino, an analyst from Bernstein, says the improved results come from fewer people changing services and price increases. While the net loss of users is 133,000, the company lost 149,000 and gained 16,000 users. The gain came to the company’s owned Slint TV service.
The New York Post says “fourth-quarter profit reached $733 million, or $1.24 a share compared with $389 million, or 69 cents in the year-ago quarter. Revenue grew 41 percent to $4.56 billion compared with the $3.24 billion, a year earlier.” According to the report, prices rose to $94.47 from $87.